Hyperliquid (HYPE) is transforming: Signs of a breakout?

After many weeks of "calm waters" amidst the fluctuations of the macroeconomic context, Hyperliquid (HYPE) has finally sent out promising bounce back signals. An upward trend is forming — slowly but surely — as both traders and on-chain data begin to agree on the potential for a significant breakout.

As of now, HYPE is trading around $47, with a 24-hour trading volume exceeding 512 million USD and a market capitalization of approximately 15.58 billion USD. The increase of 3.98% in just one day has not yet created a "frenzy", but it is enough to make investors start to pay attention.

Accumulating quietly, now it has become a loud sound

For a long time, HYPE has been developing quietly, 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 are showing a strong boom – even reaching new record milestones.

This is often an early sign of a price breakout.

Currently, HYPE is accumulating just above the old peak zone — an area that was an important barrier in the past. If the upward momentum continues to be reinforced, especially with the support of Bitcoin in its role as the market leader, then the level of $77.4 ( Fib extension 2.618 ) could definitely be within HYPE's sights in the near future.

HYPE/USDT daily chart | Source: TradingView## Flood: "Want to bet on volatility? Go Long HYPE."

The famous analyst Flood quickly spoke up, not standing on the sidelines of the rising wave of interest. In a cryptic yet powerful tweet, he declared: "There’s no better way to ride out market volatility than to long HYPE." A bold statement – but not without foundation.

According to Flood, HYPE is not just an ordinary DeFi token. Instead, it operates as an index representing the volume of spot trading globally – making it a bet on the vibrancy of the entire crypto market, rather than just a specific segment. Notably, unlike options contracts that erode in value over time, HYPE is designed with a continuous buyback mechanism, helping to maintain stable intrinsic value. Currently, there is nearly 1 billion USD in assets underpinning this demand – a number significant enough to attract the attention of both institutional and individual investors.

Still speculative – but suitable for the current market

It must be admitted frankly: HYPE is still just a small-cap token. However, this very fact makes it potential during market boom phases. Based on a solid foundation, clear on-chain usage, and a tokenomics model that is attracting special interest from the community, HYPE possesses the factors that 'emerging stars' often have. If the market continues to thrive, assets like HYPE are usually the names that accelerate the fastest and strongest, far surpassing large coins.

It is still quite early to assert anything, but when the support level is held strong along with the increasing trading volume, everything 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."

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