Hyperliquid (HYPE) is struggling to regain bullish momentum. The token is down 4.08% over the past 24 hours, while Bitcoin’s rejection near $95,000 continues to weigh on the market. HYPE has repeatedly failed to break the key $20 resistance level. Will Hyperliquid finally push through in Q2 2025?
The market is quite volatile at the moment, with traders waiting for Bitcoin to break and reclaim the $95,000 level before a possible move to over $100,000. In this atmosphere, altcoins are also performing well, with SUI, for example, up over 60% in the last week, and Ethereum and DOGE following with a 10% increase.
For HYPE, the story is a little different: since the beginning of April, the price surged from a low of $9 to a high of $19.50, and now the price is fighting to break through this level.
DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025
HYPE Price Analysis: Hyperliquid Crypto Is Struggling to Breakout – Can HYPE Crack $20?
(HYPEUSDT)
Hyperliquid’s price has been volatile over the past few months. The daily HYPE/USDT chart shows a clear resistance at $20, with multiple failed breakout attempts in April 2025.
After each try, the price has increased to around $17-$18. Support lies at around $15, where HYPE has bounced back from recent lows.
To crack $20 in Q2, HYPE must overcome selling pressure at this key level and sustain momentum. A breakout could target $27, while failure might drop to $15.
oh? $hype looks ready to send if equities dont rug 👀
hyperliquid. https://t.co/njfit4z8oq pic.twitter.com/gzW2vTKQJJ
— dave (@davexpal) April 28, 2025
While Hyperliquid Fights To Break $20 Level, Solaxy Is Approaching Its Final Presale Stages
As we patiently wait for Bitcoin’s next move, altcoins are slowly recovering, with Solana surging 8% in the last week. Additionally, on-chain activity is increasing, and traders are growing optimistic.
Solaxy ($SOLX), fast emerging as a major player in the blockchain space, introduces the first true Layer-2 scaling solution for Solana to overcome future congestions. With over $32 million already raised in its presale, the project has captured the attention of developers and investors looking for a more scalable Solana ecosystem.
Layer-2 solutions are built on top of existing blockchains to improve transaction speed, lower fees, and increase scalability. They process transactions off-chain first, then batch and settle them on the main blockchain. This means faster performance without overloading the primary network. For Solana, often criticized for congestion and outages during high-demand periods, a Layer-2 like Solaxy could be transformative.
DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now
Solaxy improves scalability, but it also enables cross-chain interoperability through a partnership with Hyperlane, allowing seamless movement of assets between Solana, Ethereum, and Base. This expanded reach could attract millions of additional users to Solana’s ecosystem. Solaxy uses rollups to process transactions off-chain, guaranteeing faster settlement and lower network fees. All fees are paid in $SOLX, strengthening demand for the native token as network usage grows.
Solaxy TestNet Block Explorer Is Live
Beyond solving scalability and reliability issues, Solaxy introduces important features at launch. A blockchain explorer is live, giving users real-time transparency over the network’s operations. Another feature is the staking program, offering investors up to 125% APY for locking their $SOLX tokens. An incentive for long-term participation and early network support.
🔥 The Solaxy Era Begins 🔥
The Solaxy TestNet Block Explorer is now live! This is the first step in bringing about $SOLX domination. 🛸🪐
Check it out for yourself below 👇https://t.co/VWq2cscsrK pic.twitter.com/8rIQfOHAwb
— SOLAXY (@SOLAXYTOKEN) April 19, 2025
Once the presale ends, investors can claim their $SOLX tokens through the Solaxy dashboard. Shortly after, the token will list on decentralized exchanges.
Centralized exchange listings are also expected down the line. Although no names have been confirmed yet, Solaxy is likely in talks with major platforms. If successful, this would expose $SOLX to a much broader audience and add significant liquidity after launch.
DISCOVER: 20+ Next Crypto to Explode in 2025
Key Takeaways
- HYPE repeatedly fails to break the $20 resistance level, pulling back to $17-$18 after each attempt.
- A breakout above $20 could target $27, but failure risks a drop to $15 support in Q2 2025.
- Bitcoin’s rejection near $95,000 impacts HYPE and other altcoins, with HYPE down 4.08% in 24 hours.
- Solaxy’s Layer-2 solution enhances Solana’s scalability, raises $32M in presale and the Solaxy TestNet already live.
Why you can trust 99Bitcoins
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
Weekly Research
100k+Monthly readers
Expert contributors
2000+Crypto Projects Reviewed
Free Bitcoin Crash Course
- Enjoyed by over 100,000 students.
- One email a day, 7 days in a row.
- Short and educational, guaranteed!
Maximize Your Trading With Margex’s 20% Deposit Bonus
‘Buy in May, Get Paid in June?’ – $300K Bitcoin Calls Heat Up, BTC Bull Token Is Locked In
CoinGecko Report Analysis: What Moved Crypto in Q1 2025?
14 Best Crypto Bonuses in 2025 – Top Exchange Offers & Promotions
BingX Launches $10 Risk-Free Copy Trading Voucher for New Users in Exclusive Event
