Hyperliquid (HYPE) recorded a 24.5% increase in the last 24 hours and has accumulated an appreciation of almost 82% in the last 30 days. The platform remains among the most profitable in the crypto sector, generating $5.6 million in fees in the last day and $56 million in the last month, ranking 9th among the most profitable chains and protocols.
With the price surpassing $33 and approaching the historical record, technical indicators point to both strength and caution signals. The momentum remains strong, but the RSI at elevated levels and the significant drop in BBTrend indicate the possibility of greater volatility in the short term.
RSI of HYPE hits 82 and raises overbought alert.
The Relative Strength Index (RSI) of HYPE jumped to 82.19, after being at 49.98 the previous day — an indication of strong acceleration of the momentum.
RSI is a momentum indicator that measures the speed and intensity of price changes, on a scale from 0 to 100. Readings below 30 generally indicate oversold conditions, while values above 70 suggest overbought conditions, potentially preceding corrections or consolidation movements.
HYPE RSI. Source: TradingView.
With the RSI of HYPE well above the limit of 70, the token is currently in overbought territory. This level usually indicates that the upward momentum has accelerated, increasing the chance of corrections in the short term or a sideways movement.
Despite this, elevated RSI readings can persist during parabolic phases of appreciation, especially when trading volume and market sentiment remain intense. Investors are closely monitoring signs of loss of strength or possible bearish divergences that may indicate an imminent reversal.
BBTrend of HYPE enters negative territory and indicates possible reversal.
The BBTrend indicator of HYPE dropped significantly to -7.19, after marking 1.57 the previous day, ending a three-day streak in positive territory. The BBTrend — which evaluates the intensity and direction of movements based on Bollinger Bands — has started to signal selling pressure.
While positive values reflect buying strength, negative readings indicate increased selling pressure, suggesting that the momentum may be reversing.
HYPE BBTrend. Source: TradingView.
A BBTrend reading of -7.19 signals an abrupt reversal in momentum, now leaning towards the selling side. This sharp change may reflect an increase in negative volatility and, if the trend persists, could result in new liquidations.
In the case of Hyperliquid, this signal reinforces the need for caution — especially if accompanied by a drop in volume or tests of critical support levels.
Hyperliquid surpasses $30, remaining 5% from the all-time high, but BBTrend raises alert.
HYPE surpassed the $30 mark today for the first time since December 2024, being only 5% away from its all-time high. Despite the significant movement, the negative BBTrend suggests increased caution.
The setup of the exponential moving averages (EMAs) remains strongly positive, with short-term indicators above long-term ones — a structure generally associated with the continuation of bullish momentum.
If the current pattern holds, HYPE could surpass $34 and, in the short term, reach the $35 region.
HYPE Price Analysis. Source: TradingView.
Despite the bullish structure, the recent drop in BBTrend indicates possible weakening of the upward movement. If the momentum deteriorates, Hyperliquid may test support at $28.2.
A loss of this level could pave the way for a correction down to $24.32. If selling pressure increases, the asset could still retreat to $21.5, increasing the risk of depreciation in the short term.
The article Hyperliquid (HYPE) near the all-time high with warning signs on the radar was first seen on BeInCrypto Brazil.