Token

Flow

bullish

<ul class="wp-block-list">
 <li>HYPE reached an all-time high of $13.08 now trading at $12.67.</li>
 <li>Market cap stands at $3.43B with a 7.5 percent volume-to-market cap ratio.</li>
</ul>
The HYPE token, launched by Hyperliquid, has taken the crypto market by storm. Currently priced at $12.67, the <a href="https://coinmarketcap.com/currencies/hyperliquid/" target="_blank" rel="noopener noreferrer nofollow">token</a> hit a new all-time high of $13.08 earlier today. This marks an impressive 46.98% daily surge.&nbsp;
With a market cap of $3.43 billion, HYPE <a href="https://thenewscrypto.com/hype-token-price-jumps-over-100-after-1-6b-hyperliquid-airdrop/" target="_blank" rel="noopener noreferrer nofollow">continues </a>to outperform most tokens, supported by a 7.5% market cap ratio. Its fully diluted valuation (FDV) stands at a staggering $12.67 billion. Since its launch on November 29, the token has soared over 200%, reflecting its dominance in decentralized perpetual trading.
Hyperliquid’s blockchain platform, designed for perpetual trading, also leads in trading volume and total value locked (TVL). With $272.71 million in 24-hour trading volume, the token’s ecosystem has gained significant momentum in a short time.
<h3 class="wp-block-heading" id="h-analyzing-hype-s-technical-indicators">Analyzing HYPE’s Technical Indicators</h3>
From the trading chart, HYPE’s support sits at $0.108, while resistance is observed near $0.114. If prices break above resistance, HYPE could test $0.116 or higher. On the downside, a drop below support might push prices toward $0.105.
The Relative Strength Index (RSI) for HYPE stands at 47.12, with an average RSI of 41.61. This places the token in the neutral zone, indicating neither overbought nor oversold conditions. The RSI suggests price stability but hints at potential momentum shifts.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="472" src="https://thenewscrypto.com/wp-content/uploads/2024/12/HYPEUSDT_2024-12-04_17-58-09-1024x472.png" alt="" class="wp-image-116659" srcset="https://thenewscrypto.com/wp-content/uploads/2024/12/HYPEUSDT_2024-12-04_17-58-09-1024x472.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/12/HYPEUSDT_2024-12-04_17-58-09-300x138.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/12/HYPEUSDT_2024-12-04_17-58-09-768x354.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/12/HYPEUSDT_2024-12-04_17-58-09-1536x708.png 1536w, https://thenewscrypto.com/wp-content/uploads/2024/12/HYPEUSDT_2024-12-04_17-58-09.png 1814w" sizes="auto, (max-width: 1024px) 100vw, 1024px">
</figure>
The chart’s Moving Average (MA) shows a steady <a href="https://thenewscrypto.com/ethereum-confronts-brief-price-dip-post-recent-upward-rally/" target="_blank" rel="noopener noreferrer nofollow">upward</a> trend. The 14-period MA aligns with current price movements, confirming a bullish undertone. Additionally, there’s no clear crossover between short-term and long-term moving averages, implying that the current trend might be sustained without immediate reversals.
The Chaikin Money Flow (CMF) indicator hovers at 0.12, signaling positive capital inflows. This supports the token’s recent rally and indicates strong buying pressure.
Hyperliquid’s innovative platform and<a href="https://www.tradingview.com/chart/xTeB2FRP/?symbol=GATEIO%3AHYPEUSDT" target="_blank" rel="noopener noreferrer nofollow"> surging</a> adoption bolster the token’s growth prospects. HYPE’s technical and fundamental indicators suggest a promising trajectory as the market matures. Highlighted Crypto News Today <a href="https://thenewscrypto.com/pump-fun-transfers-200k-sol-to-kraken-amid-record-revenue/" target="_blank" rel="noopener noreferrer nofollow">Pump.fun Transfers 200K SOL to Kraken Amid Record Revenue</a>

HYPE Token Hits New ATH and Surges Over 200% Since Launch

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