Hyperliquid’s price is currently at $42.18, marking a 6.5% increase in the last 24 hours. Over the past week, it has surged by 23%, in the last month by 68%, and an impressive 1200% over the last six months.
Technical indicators suggest a neutral sentiment with a slightly bullish lean. Momentum indicators like MACD and Momentum show upward strength, and most moving averages are strongly bullish, indicating a positive trend with caution.
**HYPE** has generated $64.8 million in revenue over the past 30 days, surpassing major players such as Ethereum and Tron. Notably, 97% of its revenue is used to buy back HYPE tokens, directly benefiting holders. Despite robust fundamentals, a potential short-term pullback around $36 or even $30 is anticipated.
After a recent spike to $44, the unstaking on Hyperliquid remained low, with holders displaying confidence and calmness during the price surge. Analysts foresee signs of a short-term pullback for HYPE, which could serve as a healthy reset following the recent rally. Even if HYPE cools down, a quick recovery is probable given its strong fundamentals.
Experts project that **Hyperliquid** could surpass its previous high of $43.86 and reach $90.72 by the year-end. This projection is supported by increasing platform usage, smart mobile app enhancements, and Hyperliquid’s significant 70% share in the global DEX derivatives market.
**Hyperliquid** witnessed a daily volume of $11 billion in late May and recently reached $10.1 billion in open interest. It now ranks as the 5th largest in derivatives trading and is poised to compete with leading exchanges.
Binance’s acknowledgment of **Hyperliquid**’s performance has sparked listing speculations, boosting HYPE’s trading volume by 20%. With a growing following and a rapid, cost-effective ecosystem, HYPE is swiftly gaining momentum.
In the short term, **HYPE** might drop to around $32 this month, but the upside potential remains robust. **CoinCodex** forecasts a surge to $103 by 2026, with substantial gains expected by March. **CoinDCX** holds an even more bullish outlook, predicting a rise to $85 in 2025 from $43-$45 this week, possibly hitting $125 by 2026. Despite temporary setbacks, the long-term outlook appears promising.
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