• Hyperliquid (HYPE) gains 2.23% daily and 4.06% weekly.
• Market sentiment remains cautious despite HYPE’s resilience.
• Price trades between $43.50 support and $47.50 resistance.
• Rising open interest strengthens the bullish outlook for the token.

Hyperliquid (HYPE) is showing strength despite a slightly bearish crypto market, where several major altcoins and Bitcoin face modest declines. Over the last 24 hours, the token gained 2.23%, and in the past week, the token advanced by 4.06%. This performance highlights the token’s ability to withstand overall market softness.

At the time of writing, the token is trading at $0.01470 with a 24-hour trading volume of $291.68 million, representing a surge of 107.5% within 24 hours. Its market capitalization currently stands at $15.06 billion, reflecting solid investor interest and continued liquidity flow.

HYPE Price Movement and Key Technical Levels

Crypto analyst Ahmad notes that the HYPE 15-minute chart shows the current price at $45.12. The token is trading within a solid support range of $43.45–$42.92 and a heavy resistance zone at $46.00–$47.50. A recent bounce from support indicates active buying interest, with bullish candles pushing the token higher.

However, the rally is encountering a supply zone that has historically attracted strong selling pressure. If buyers can overcome this resistance, price targets between $47.50 and $48.00 could emerge. Otherwise, a rejection may lead to another test of the $43.50 support. A deeper fallback toward $41.54 would signal weakening bullish control and possible downside continuation.

Also Read: Hyperliquid Breakout Incoming, Can Bulls Smash Through to $80?

RSI and MACD Indicate Caution

The token currently trades at $45.18, down 1.83%, with intraday volatility ranging between $43.91 and $47.33. The RSI is 53.58 in the neutral band, which shows building rather than a definitive trend. The market is cautious after the sudden market movement.

The MACD offers a mild bullish signal, as its line is positioned above the signal line, though the shrinking histogram indicates decreasing momentum. A bearish crossover may develop if the momentum declines even more, which may push the price towards the $43.50–$44.00 support. A move above $47.50 would turn attention towards the $50 psychological level.

Rising Open Interest Supports Bullish Momentum

HYPE’s open interest increased by 3.28% to $1.97 billion, indicating increased trader involvement. Increasing open interest accompanied by rising prices indicates the inflow of funds instead of short-term speculation and tends to signal a longer-lasting trend.

The OI-weighted funding rate is at 0.0090%, registering a marginally bullish sentiment. Recurring positive spikes on this indicator occur when there is firm positioning and potential breakouts. Combined with the rising volume and buying sentiment among investors, these signs support HYPE’s ongoing bullish streak.

Also Read: Hyperliquid’s Explosive $1.1 Billion Revenue Triggers $54 Price Target