The cryptocurrency Hyperliquid continues to attract attention with a price increase of 12% in a day
In recent days, the price of Hyperliquid's Token has skyrocketed by 12%, reaching a new peak of 44.80 USD. This growth confirms the words of the founder of Wintermute, Evgeny Gaevoy, about the sophisticated marketing strategy through the debate between Jeff Yan and CZ on the X platform. This strategy has clearly been effective, pushing HYPE's price to unprecedented highs. The cryptocurrency market views Hyperliquid as an altcoin with strong breakout potential at this time.
A critical moment after being listed on a major exchange
In just 10 days, the price of HYPE has surpassed the peak of May at 39 USD and has begun entering a price exploration phase. This upward movement aligns with the increased flow of USDC from 2.72 million USD to 2.957 billion USD, according to analysis data from DUNE. Moreover, Hyperliquid's overall metrics show significant progress, especially in the first half of 2025, when it becomes the leading DEX platform based on derivatives trading volume.
Analysis of the HYPE price explosion during intraday trading
In intraday trading, the price of HYPE has increased nearly 12%, reaching a peak of 44.80 USD, entering the price exploration phase. Notably, a whale opened a long position with 4 times leverage, making a profit of over 13.7 million USD. This activity helped HYPE reach the 10th position in the cryptocurrency market cap ranking, directly competing with Cardano, which has a market value of 22 billion USD. Currently, HYPE has far surpassed many other altcoins thanks to this event.
Target 100 USD: Is it a feasible reality?
Currently, the market capitalization of HYPE is around 14 billion USD, ranking 11th in the chart. The gap with ADA is about 8 billion USD, but if the upward trend continues, the target of 100 USD could become a reality by the end of 2025. Breakout patterns formed from the high growth structure in Q2, combined with positive predictions about decentralized application scalability and attractive financial rewards, predict that HYPE's price could exceed 50 USD, moving towards 65 USD according to the Fibonacci level of 1.618, then reaching the target of 2.618, corresponding to the psychological level of 100 USD.
Long-term outlook and strategic support levels
In a positive scenario, HYPE could strongly break above 50 USD, opening the door to further targets like 65 USD and 100 USD. However, investors need to pay attention to key support levels at 39 USD and 30 USD to limit risks and protect profits. This growth means that Hyperliquid is likely to continue being a prominent derivatives trading platform in the cryptocurrency market, contributing to shaping the development trend of digital assets in the coming time.
Source: https://tintucbitcoin.com/hyperliquid-hype-dat-dinh-44-80-usd-co-vuot-cardano/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
