🚀 #Hyperliquid Hits New ATH at $44.76 — Is $50 Next for HYPE? 💥

📈 $HYPE has surged over 25% in the past week, hitting a new all-time high of $44.76. With bullish sentiment driving momentum, the token remains in price discovery mode — and traders are eyeing even higher levels.

📊 Open Interest (OI) has also reached a record $1.83B, reflecting growing market participation and confidence in HYPE's upward trajectory. Rising OI alongside rising prices signals strong bullish sentiment.

⚠️ However, data from Messari shows a sharp drop in futures trade count and volume just before the ATH — a possible red flag. Despite the price spike, trading activity hasn’t rebounded, suggesting traders may be pausing their positions.

📉 While this dip in volume raises short-term concerns, technicals remain bullish. $HYPE has broken above the 1.0 Fibonacci level at $43.6 and is now targeting the 1.2 Fib at $52.99. The MACD is flashing a bullish divergence, and CMF has flipped positive — both signs of continued strength.

🎯 If momentum holds, $HYPE could smash through the $50 resistance and aim for $53 in the near term. But traders should stay alert to volume trends for confirmation.

⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.