With the crypto market performing strongly and BTC nearing its all-time high again, Hype crypto continues to do its thing. It’s been outperforming the market and grabbing attention.

Hyperliquid is on the verge of breaking its all-time high again, with people expecting a massive candle to push it straight through $40. The big question is, can it hit $60 next?

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Hype Crypto About to Reach All-Time High Again: What’s Next?

Since the start of June, Hyperliquid has done more than 1B in trading volume. This has contributed to its continued rise over the last month and is now nearing its all-time high again. Many Chartists are calling for new highs for Hype crypto coin.

(HYPE/USDT)

The all-time high at 38.8 is the current resistance for the token. A break above this level would suggest bullish continuation. On the bearish side, the RSI is getting close to overbought (69), which means the price might pull back or chill out if the momentum starts to slow down. If it gets rejected at resistance again, buyers should keep an eye on the support zone around 34.00-35.00.

Since it launched, the Hyperliquid DeFi Protocol has been one of the most successful ones in crypto. Nearing almost 500K users and over one trillion, six hundred twenty-two billion total volume. Many are expecting Hyperliquid to finally get listed on Binance after the latter posted fast facts about Hyperliquid.

This got a lot of people even more hyped about the protocol and pumped up about the listing. Arthur Hayes even hopped on the hype train and mentioned Changpeng Zhao (CZ) Binance in a post to see if it’s going to get listed. But, in case you forgot, CZ doesn’t even work at Binance anymore. Nice try, Arthur!

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Key Takeaways

  • Hyperliquid is nearing its all-time high, with bullish potential if it breaks the 38.8 resistance level..
  • RSI is approaching overbought territory, suggesting a possible price pullback if momentum slows.

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Ahmed Balaha
Ahmed Balaha
Crypto Journalist

Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation. He has a strong interest in financial literacy and sustainable investing, and he combines these... Read More

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