Hyperliquid regains $40 amid rising DEX volume — Is a new HYPE all-time high incoming?
Main Idea
Hyperliquid's native token HYPE has recovered above $40, showing strong performance and increased trading volume, with potential to retest its all-time high.
Key Points
1. HYPE is trading at $40.56, up 7% in 24 hours and 15% over a recent period, recovering from a monthly low of $32.62 on June 22.
2. The token is currently 11% below its all-time high of $45.57 set on June 16.
3. Hyperliquid's decentralized volume in June reached $11.44 billion, the highest since December 2024, more than doubling April's $4.86 billion.
4. Total locked value on Hyperliquid has surged from $330 million in April to $1.8 billion.
5. Technical indicators suggest bullish momentum, with moving averages supporting the uptrend, and a break above $41.50 could lead to a retest of the all-time high.
Description
Hyperliquid’s native token HYPE is back above the $40 mark, trading at $40.56 at press time after gaining 7% in the past 24 hours and 15% over the past week. This marks a strong recovery from its monthly low of $32.62 on June 22. The last time Hyperliquid ( HYPE ) crossed $40 was on June 18, just before a sharp decline that pulled it down nearly 25% in four days. Now, it’s trading just 11% below its all-time high of $45.57, set on June 16. The recent recovery coincides with an increase and on-ch...
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