{"id":1381,"date":"2025-05-29T12:55:56","date_gmt":"2025-05-29T12:55:56","guid":{"rendered":"https:\/\/bitunikey.com\/news\/hyperliquid-pulls-back-after-parabolic-rally-retesting-key-support-zone\/"},"modified":"2025-05-29T12:55:57","modified_gmt":"2025-05-29T12:55:57","slug":"hyperliquid-pulls-back-after-parabolic-rally-retesting-key-support-zone","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/hyperliquid-pulls-back-after-parabolic-rally-retesting-key-support-zone\/","title":{"rendered":"Hyperliquid pulls back after parabolic rally, retesting key support zone"},"content":{"rendered":"
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Hyperliquid is cooling off after a parabolic rally, with price pulling back from recent highs as traders watch key support levels.<\/p>\n

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.\u00a0<\/p>\n

Derivatives activity has also been sustained, with a daily volume of $1.27 billion, up 8.33%, according to Coinglass data<\/a>. Following the recent price peak, HYPE\u2019s open interest dropped 4.45% to $1.29 billion, indicating that some traders might be taking profits or reducing leverage.<\/p>\n

The recent market move comes after Hyperliquid\u2019s 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.<\/p>\n

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.<\/p>\n

<\/p>\n

Part of the platform\u2019s 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\u201322.<\/p>\n

Initially, the trade netted in unrealized gains of $40 million, but by May 25, a market decline brought on by Trump\u2019s tariff announcement resulted in losses ranging from $13.4 million to $17.5 million.<\/p>\n

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.<\/p>\n

Hyperliquid price analysis. Credit: crypto.news<\/figcaption><\/figure>\n

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.<\/p>\n

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.<\/p>\n

<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

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,…<\/p>\n","protected":false},"author":1,"featured_media":634,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1381","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=1381"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1381\/revisions"}],"predecessor-version":[{"id":1382,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1381\/revisions\/1382"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/634"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=1381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=1381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=1381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}