After weeks of 'quiet waves' amidst macroeconomic fluctuations, Hyperliquid (HYPE) has finally sent out promising recovery signals. An upward trend is forming — slowly but surely — as both traders and on-chain data begin to agree on the possibility of a significant breakout.
As of now, HYPE is trading around $47, with a 24-hour trading volume exceeding $512 million and a market capitalization of approximately $15.58 billion. The increase of 3.98% in just one day has not yet created a 'frenzy', but it is enough to catch the attention of investors.
Accumulating quietly, now it has become a roar
For a long time, HYPE has been quietly developing in silence, hardly attracting much attention. But now, everything is starting to change.
According to shares from the official Hyperliquid account on platform X, although the price is still fluctuating within a narrow range, on-chain activities show a strong explosion – even reaching new record milestones.
This is often an early sign of a price breakout.
Currently, HYPE is accumulating just above the old peak area — a region that was previously a significant barrier. If the upward momentum continues to be reinforced, especially with Bitcoin's support leading the market, then the $77.4 mark (Fib extension 2.618) could certainly be within HYPE's sights in the near future.
Flood: 'Want to bet on volatility? Just Long HYPE.'
Famous analyst Flood has also quickly spoken up, not staying outside the rising wave of interest. In a powerful yet cryptic tweet, he declared: 'There’s no better way to ride out market volatility than to long HYPE.' A bold statement – but not without basis.
According to Flood, HYPE is not just an ordinary DeFi token. Instead, it operates as an index representing global spot trading volume – making it a bet on the vibrancy of the entire crypto market, not just a specific segment. Notably, unlike options contracts that tend to lose value over time, HYPE is designed with a continuous buyback mechanism, helping to maintain stable intrinsic value. Currently, there is nearly $1 billion in assets underpinning this demand – a figure sufficient to attract the attention of both institutional and individual investors.
Still speculative – but fitting for the current market
It must be frankly acknowledged: HYPE is still just a small-cap token. However, this very fact makes it potential during market boom periods. Based on a solid foundation, clear on-chain usage, and a tokenomics model that is garnering special interest from the community, HYPE possesses the elements that 'emerging stars' often have. If the market continues to improve, assets like HYPE are usually among the fastest and strongest to accelerate, far surpassing large coins.
It is still quite early to assert anything, but as the support level holds firm along with the increase in trading volume, things can change very quickly. Many traders are targeting the $50 mark as a short-term goal. And if this level is conquered, the game could become extremely 'hot'.
