Based

bullish

Rally

Hyperliquid

<ul class="wp-block-list"> 
 <li>Hyperliquid hits a record high of $27.17, trading at $26.93 with an 18.73% daily increase.</li> 
 <li>Market cap stands at $7.29B, with 24-hour trading volume rising to $346.09M.</li> 
</ul> 
Hyperliquid (HYPE) has surged to a new all-time high (ATH) of $27.17 in the past hour. The token is currently trading at $26.93, <a href="https://coinmarketcap.com/currencies/hyperliquid/" target="_blank" rel="noreferrer noopener nofollow">marking</a> a daily gain of 18.73%. This sharp price increase highlights rising investor interest and robust market activity. 
The token’s market cap now stands at $7.29 billion, reflecting the 18.73% surge. Trading volume in the last 24 hours reached $346.09 million, climbing 8.90%. With a volume-to-market cap ratio of 4.8%, HYPE remains highly liquid. The fully diluted valuation (FDV) is pegged at $26.92 billion, while the circulating supply totals 270.9 million HYPE out of a maximum supply of 1 billion. 
<h3 class="wp-block-heading" id="h-will-hype-s-rally-continue">Will HYPE’s Rally Continue?</h3> 
Based on the chart, $25.00 acts as a strong support level. The next significant resistance lies at $30.00. If the price breaks above this resistance, HYPE could <a href="https://thenewscrypto.com/cardano-historical-patterns-signal-potential-494-rally-by-mid-2025/" target="_blank" rel="noreferrer noopener">rally</a> towards $35.00 in the short term. However, if it fails, the price might test the support at $25.00. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="429" src="https://thenewscrypto.com/wp-content/uploads/2024/12/HYPEUSDT_2024-12-16_14-14-34-1024x429.png" alt="" class="wp-image-118097" srcset="https://thenewscrypto.com/wp-content/uploads/2024/12/HYPEUSDT_2024-12-16_14-14-34-1024x429.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/12/HYPEUSDT_2024-12-16_14-14-34-300x126.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/12/HYPEUSDT_2024-12-16_14-14-34-768x322.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/12/HYPEUSDT_2024-12-16_14-14-34-1536x644.png 1536w, https://thenewscrypto.com/wp-content/uploads/2024/12/HYPEUSDT_2024-12-16_14-14-34.png 1713w" sizes="auto, (max-width: 1024px) 100vw, 1024px">
</figure> 
The RSI sits at 67.85, approaching overbought territory. The RSI average, indicated by the yellow line, is 57.56. This suggests increasing bullish momentum, though a pullback could occur if the RSI crosses 70. The price remains above its short-term moving average, signaling bullish momentum. The recent crossover between shorter and longer moving averages further strengthens this trend. If this positive trend continues, the price may sustain its upward trajectory. 
Hyperliquid’s technical indicators reflect <a href="https://thenewscrypto.com/will-xrp-bounce-back-stronger-after-a-20-decline/" target="_blank" rel="noreferrer noopener">strong</a> buyer interest. The bullish crossover, along with the rising RSI, points to potential upward movement. If trading volume remains high and the resistance at $30.00 breaks, the price could climb toward $35.00 or higher. Conversely, failure to sustain above current levels might trigger consolidation around $25.00. 
Highlighted Crypto News Today <a href="https://thenewscrypto.com/what-to-expect-from-fed-december-decision/" target="_blank" rel="noreferrer noopener">What to Expect From Fed December Decision?</a>

Hyperliquid (HYPE) Soars to New ATH Fueled by Market Optimism

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