Hyperliquid (HYPE) Price Near $30 Resistance: Will It Break Out or Pull Back?
The post Hyperliquid (HYPE) Price Near $30 Resistance: Will It Break Out or Pull Back? appeared first on Coinpedia Fintech News
Hyperliquid’s native token (HYPE) is trading near a critical stage following a sharp increase in price and subsequent consolidation.
With price trading close to the resistance zone of $30, traders are paying close attention to whether HYPE price will move to the next level or will pull back.
Meanwhile, the trading volume and futures open interest have been consistently high indicating that the market participation is also high. Recent events including token unlocks and increased institutional interest have also shaped short-term price action.
Smart Money Activity Emerges in Hyperliquid (HYPE)A recent post on X by Nansen highlights that amid a drop over 6.4% in a month, it has displayed signs of bullishness.
While $HYPE is down 6.4% on the month, Smart Money is scooping the dip: