Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
- Technical Analysis: Will Hyperliquid Stock Price Rise Above $40?
Hyperliquid stock continued its uptrend on Thursday after closing above the resistance level of $35.47, which had formed a stopping point for multiple recovery attempts since November. The near-term trend is turning bullish as the stock accelerates higher away from the upward-sloping exponential moving averages (EMA) of 50, 100, and 200 days, amid prospects of forming a golden cross.
As for the upside, immediate resistance lies at the $40.00 level. A stable close above this barrier could open the path toward the $48.91 level, which formed the price high in October.
The moving average convergence divergence indicator (MACD) is rising strongly above the signal line, with the positive histogram widening, indicating buyer control of the trend. The relative strength index (RSI) remains at 67, below the conventional overbought level, but confirms strong upward pressure.
Chart analysis of the HYPE/USD digital currency pair (Baha Crypto)
Daily HYPE/USDT price chart.
Initial support for HYPE stock appears near the $35.47 level, which is the recent breakout zone, followed by the 200-day exponential moving average at $32.06. Deeper downside protection levels lie near the 100-day exponential moving average at $30.83.
$HYPE
$BTC
Hyperliquid ((HYPE)), a decentralized trading platform, saw its price increase by 3% at the time of writing this report on Thursday, continuing its 6% recovery from the previous day, achieving weekly gains of approximately 20% so far. This platform, specialized in perpetual futures, experienced increased demand for real asset perpetual contracts, raising open trading volume to 1.3 billion dollars.
The high-liquidity trading market may continue its upward trend with increased demand for an institutional trading platform operating 24/7 amid escalating Middle East tensions affecting oil prices.
- Adopting high liquidity leads to increased oil price volatility:
Despite the International Energy Agency's attempts to cool rising oil prices, the Middle East conflict is fueling upward pressures as a result of restricted oil supplies from the Strait of Hormuz. The increasing demand for highly volatile crude oil price trading has driven both individual and institutional traders toward Hyperliquid, a 24/7 decentralized trading platform.
Hyperliquid expanded to include RWA perpetual futures through the Hyperliquid-3 ((HIP)) improvement proposal, which allows users to deploy perpetual contracts by depositing one million HYPE tokens.
The open interest ((OI)) volume for the HIP-3 index, which indicates the notional value of existing contracts, particularly for risk-weighted assets ((RWA)), reached a record level of 1.33 billion dollars on Thursday. The sharp increases in HIP-3 open interest volume during weekends confirm that demand is shifting toward high-liquidity trading ((Hyperliquid)) when traditional markets are closed.
Daily open interest data for HIP-3 index. Source: Hyperscreener
Additionally, the significant surge in 24-hour crude oil trading volume to 1.17 billion dollars on the decentralized trading platform confirms that demand is primarily driven by oil.
HIP-3 market data. Source: Hyperscreener
In line with increasing demand, the Hyperliquid protocol remains the leading protocol by revenue, aside from stablecoins, generating 54.39 million dollars over the past thirty days, surpassing Pump.fun and the Tron ecosystem.
The HYPE stock price must break through the 40 dollar barrier to increase the probability of a sustained rally toward the psychological 50 dollar level.