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coinpedia 2025-01-30 16:19:39

Hyperliquid (HYPE) & SUI Launch A Bullish Attack—Is This a Good Time to Buy HYPE OR SUI?

Hyperliquid (HYPE) & SUI Launch A Bullish Attack—Is This a Good Time to Buy HYPE OR SUI?

The post Hyperliquid (HYPE) & SUI Launch A Bullish Attack—Is This a Good Time to Buy HYPE OR SUI? appeared first on Coinpedia Fintech News Hyperliquid becomes the latest addition to the top 20 after a stunning rise of over 20% in the past 24 hours. Meanwhile, the SUI price also triggered a strong rebound from the local lows as the bulls appear to be poised to push the token to new highs. While the bullish sentiments have been escalating within the crypto space, the prices of HYPE & SUI are believed to record eye-catching gains and may even mark fresh highs in the upcoming bull run. Hyperliquid (HYPE) Price Analysis The Hyperliquid price has been rising consistently since the early trading hours, which has raised many eyebrows. Within a month of it’s inception, the token has made it to the top 20 cryptos according to the market cap, which is a big thing within the crypto space. Now that the price has triggered a massive rise, the question arises whether the price may remain elevated or dump hard in the coming days. The short-term price action of HYPE suggests a pullback could be on the horizon as the token has broken above the decisive symmetric triangle. After a breakout, bulls tend to face some exhaustion and the upcoming bearish divergence substantiates the claim. Meanwhile, the Gaussian channel turns bullish, hinting towards the price sustaining within the bullish range. Therefore, the Hyperliquid price is believed to slightly drop below $25 and quickly rebound to $30. Sui (SUI) Price Analysis The SUI price had maintained a healthy ascending trend since November 2024, which attracted massive bearish interference in 2025. After losing over 30% of it’s value, the price has triggered a strong rebound from the interim lows, hinting towards the resurgence of a consistent ascending trend. Therefore, the SUI price is now believed to maintain a healthy ascending trend to surpass the average range in a short while. The SUI price has begun to rise after rebounding from the support of the rising parallel channel. The RSI has also triggered a healthy rebound from the lows, while the DMI levels have converged and are heading for a bullish crossover. Therefore, the SUI price is expected to maintain a healthy ascending trend and rise above $5 in a short while. Meanwhile, the target remains above $6.5 to form a new ATH. Considering the trade dynamics of both the tokens, it suggests that the SUI price is primed for a consistent ascending trend while the HYPE price could face a slight pullback. Hence, it may be a good time to buy SUI while the traders can wait for a while until the HYPE price reaches a good entry range.

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