CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

crypto.news 2025-05-29 11:52:11

Hyperliquid pulls back after parabolic rally, retesting key support zone

Hyperliquid is cooling off after a parabolic rally, with price pulling back from recent highs as traders watch key support levels. Hyperliquid ( HYPE ) is trading at $34.25 at press time, down 5% over the past 24 hours. This follows a strong rally that saw the token climb 83% over the last 30 days, peaking at a new all-time high of $39.58 on May 26. Despite the dip, trading activity remains high. In the last 24 hours, trading volume rose to $325.7 million, a 12% increase in the past day. Derivatives activity has also been sustained, with a daily volume of $1.27 billion, up 8.33%, according to Coinglass data . Following the recent price peak, HYPE’s open interest dropped 4.45% to $1.29 billion, indicating that some traders might be taking profits or reducing leverage. The recent market move comes after Hyperliquid’s decentralized perpetuals platform saw a record spike in on-chain metrics. For the week ending May 26, the decentralized exchange recorded the highest weekly trading volume of $72 billion and an all-time high in open interest at $10.1 billion. Hyperliquid also surpassed major decentralized finance platforms like Berachain ( BERA ) in total value locked, reaching $3.5 billion, and now nears $1.5 trillion in cumulative trading volume less than two years after launch. You might also like: No VC, $1B Trades, and a 300% Rally — what makes Hyperliquid crypto tick? Part of the platform’s recent spotlight stems from visible high-leverage whale activity. Notably, pseudonymous trader James Wynn opened a $1.25 billion long position on Bitcoin ( BTC ) using 40x leverage between May 21–22. Initially, the trade netted in unrealized gains of $40 million, but by May 25, a market decline brought on by Trump’s tariff announcement resulted in losses ranging from $13.4 million to $17.5 million. Looking at the technical picture, HYPE appears to be in a healthy consolidation phase. After retreating from the upper Bollinger Band at $39, the token is currently testing the middle band, which is in line with short-term moving averages, around $33. Hyperliquid price analysis. Credit: crypto.news At 65.5, the relative strength index is showing positive momentum despite declining from overbought levels. The moving average convergence divergence is still bullish and indicates a sustained upward bias. All major moving averages, including the 10-day, 100-day, and SMAs, are in strong buy territory. The Stochastic RSI, on the other hand, is cooling, indicating that the rally may be losing steam. Bulls may view this as a buying opportunity if the token remains above the 20-day EMA at about $30.4. A drop below this could lead to a retest of lower levels near $28. On the upside, a break above $36 might pave the way for a second push toward $40 and higher highs. Read more: Hyperliquid responds to CFTC’s request for comment on perpetuals and 24/7 trading

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta