Hyperliquid (HYPE) Breaks Above $25 Amid 40% Volume Spike

Hyperliquid (HYPE) price has surged over 13% in the past 24 hours, pushing its market cap back above $8 billion to $8.63 billion and securing its position as the 22nd largest crypto.

With trading volume up nearly 40% to almost $300 million, HYPE’s price has broken above $25 for the first time since January 7. As momentum builds, traders are closely watching key resistance and support levels to gauge HYPE’s next potential move.

HYPE DMI Confirms Buyers Are Dominating the Market

Hyperliquid Directional Movement Index (DMI) chart shows an ADX value of 22.5, up from 17.9 just a day ago, signaling a strengthening trend. The ADX measures the strength of a trend without indicating its direction.

Values below 20 suggest a weak or absent trend, while values above 25 indicate a strong trend. The ADX’s rise closer to 25 suggests that HYPE’s current uptrend is gaining momentum.

HYPE DMI. Source: TradingView

The +DI, which reflects bullish pressure, has risen significantly to 30.5 from 16.1, while the -DI, representing bearish pressure, has dropped to 13.7 from 25. This shift highlights a clear dominance of buyers over sellers, aligning with HYPE ongoing price recovery from recent lows.

The increasing +DI and declining -DI, combined with a rising ADX, suggest that HYPE’s uptrend is intact and could potentially strengthen further if these trends continue.

Hyperliquid RSI Remains Below Overbought Territory

HYPE Relative Strength Index is currently at 62.5, rising sharply after touching 31.4 four days ago and briefly reaching 67 a few hours ago.

This upward movement reflects a significant recovery in momentum, signaling increased buying activity. While the RSI has climbed into bullish territory, it remains below the overbought threshold, showing that HYPE’s current price action is strong but not excessively overheated.

HYPE RSI. Source: TradingView

The RSI is a momentum oscillator ranging from 0 to 100, used to assess whether an asset is overbought or oversold. Values above 70 indicate overbought conditions, while values below 30 suggest an oversold state. With HYPE RSI at 62.5, it suggests bullish sentiment is building, but the price is not yet at risk of a sharp correction.

Since HYPE RSI has not crossed 70 since mid-December, this level could serve as a psychological resistance; further increases in RSI might point to a sustained uptrend, while a reversal near these levels would indicate caution.

HYPE Price Prediction: Can It Recover $30 Level This Week?

Hyperliquid recently formed a golden cross, a bullish technical signal where the short-term moving average crosses above the long-term moving average. Following this, its price surged from $22 to $26, reflecting strong momentum. If this positive trend continues, HYPE price could rise further to test its first resistance at $29.49.

Breaking through this level could open the path to $31.47 and potentially $35, representing a 34.6% upside from its current price.

HYPE Price Analysis. Source: TradingView

However, if the trend reverses, HYPE price has a fundamental support level at $24.36, which could act as a key buffer against further declines.

If this support fails, the price might drop to $21.6, and in a more bearish scenario, it could reach as low as $18.89.