TLDR
- HYPE holds steady near $33.50 with consistent $2.5M daily AF buys and nearly complete staking unlocks
- Technical analysis shows HYPE following SUI’s fractal pattern, suggesting potential breakout above current levels
- Short sellers face pressure as HYPE continues climbing, defying bearish calls since $15
- Key support zone identified between $28.50-$30.00 with resistance around $36-$40
- Open interest reached historic $10.1 billion record as users embrace decentralized trading platform
Hyperliquid has been trading near $33.50 while building momentum through consistent buying pressure and fundamental improvements. The decentralized exchange token recently achieved a new all-time high of $39.96 before pulling back.
Daily buy flows remain strong at $2.5 million through AF purchases. Staking unlocks are nearly complete, removing selling pressure from the market. This combination has created thin sell-side liquidity while demand continues growing.
The project’s open interest surged to a record $10.1 billion on May 26. Users are increasingly choosing Hyperliquid’s decentralized trading interface over centralized exchanges like Binance and Coinbase.
Hyperliquid reached new all-time highs again:
+ Open interest: $10.1B
+ 24h fees: $5.6M
+ USDC TVL: $3.5BWelcome to all new members of the ecosystem. pic.twitter.com/AoWVPRINGA
— Hyperliquid (@HyperliquidX) May 26, 2025
Technical Setup Points to Breakout
Technical analysts are drawing comparisons between HYPE and SUI’s price action. Both tokens followed similar patterns including prolonged base formation, clean range breakouts, and strong rallies.
Think its safe to say that the Market has found Its next $SUI like Market Leader 🧐
And its called HyperLiquid. $HYPE pic.twitter.com/8Jo27JwrhR
— Louie (@lil_louieT) June 2, 2025
HYPE appears to be entering the same breakout phase that SUI experienced. The token recently cleared the upper boundary of its accumulation range around $33.50.
Key support lies between $28.50 and $30.00. This zone previously acted as a launchpad during HYPE’s last major move higher. Bulls are defending these levels while positioning for the next leg up.
If the fractal pattern continues, HYPE could target $45 to $50. The structure mirrors SUI’s explosive breakout that led to substantial gains.
Short sellers have been calling tops since $15 but continue getting squeezed out. Bears face mounting pressure as buy-side momentum intensifies and liquidity remains thin.
Those sidelined and short on $HYPE keep getting their fud attempts invalidated. Yet they keep moving the goalposts.
All whilst HL dominance makes new highs vs Binance and L1's.$HYPE keeps making new highs against the rest of the market.
Everything is verifiable on chain. The… pic.twitter.com/YnttrpOLRw
— NMTD.HL (@NMTD8) June 2, 2025
Regulatory Engagement Builds Confidence
Hyperliquid recently engaged with the Commodity Futures Trading Commission through public consultation comments. The project supports DeFi solutions and 24/7 market access.
The team believes their input could challenge regulations that have limited financial system growth. They want to ensure the United States remains a leader in financial innovation while protecting users.
“Supporting defi in the U.S. with open dialogue and a clear regulatory framework is an opportunity to ensure the U.S. remains a leader in financial innovation,” Hyperliquid Labs commented.
This regulatory engagement demonstrates the project’s commitment to compliance and long-term viability. It also shows institutional-level thinking about market structure and regulation.
The DeFi ecosystem continues growing as traders seek alternatives to traditional centralized platforms. Hyperliquid operates on its own layer-one blockchain rather than relying on Ethereum or Solana infrastructure.
This approach gives the team more control over operational efficiency. They can tailor the protocol’s design to meet evolving trading platform needs and support future DeFi applications.
Momentum indicators show mixed signals after the recent all-time high. The Relative Strength Index climbed to 86.5 before retreating below its 14-day moving average.
Price action has not confirmed a bearish outlook despite four consecutive days of decline from the $39.96 peak. The $40 level now serves as key resistance to watch.
Support at $31.50 and $30.50 has held on shorter timeframes. The $36 level represents the nearest upside target if the current support zone continues holding.
HyperEVM’s fast and low-cost transactions continue building user activity while airdrop speculation keeps community engagement high.
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