{"id":2999,"date":"2025-06-16T11:11:59","date_gmt":"2025-06-16T11:11:59","guid":{"rendered":"https:\/\/bitunikey.com\/news\/hyperliquids-hype-token-breaks-all-time-high-eyes-more-gains-ahead\/"},"modified":"2025-06-16T11:11:59","modified_gmt":"2025-06-16T11:11:59","slug":"hyperliquids-hype-token-breaks-all-time-high-eyes-more-gains-ahead","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/hyperliquids-hype-token-breaks-all-time-high-eyes-more-gains-ahead\/","title":{"rendered":"Hyperliquid\u2019s HYPE token breaks all-time high, eyes more gains ahead"},"content":{"rendered":"
\n

HYPE, the native token of Hyperliquid, hit a new all-time high of $44.69 on June 16 and appears poised for further gains after breaking out of multiple bullish technical setups.<\/p>\n

According to data from crypto.news, this latest high surpassed its previous record of $43.96 set just last week. Hyperliquid\u2019s (HYPE) market capitalization rose to over $14.8 million, while daily trading volume climbed 25% compared to the previous day, reflecting continued interest and momentum among traders.<\/p>\n

The rally has been supported by significant growth in Hyperliquid\u2019s Layer-1 ecosystem.<\/p>\n

Data<\/a> from DeFi Llama shows that the total value locked on Hyperliquid has surged to $2.53 billion, marking an increase of over 80% in the past 30 days.<\/p>\n

Hyperliquid\u2019s total stablecoin supply on its Layer-1 chain has also increased to $3.73 billion, up from $2 billion in January 2025.\u00a0<\/p>\n

This growth underscores increased transactional activity and liquidity across its ecosystem, with stablecoins often serving as the backbone for decentralized trading and lending applications.<\/p>\n

<\/p>\n

Hyperliquid\u2019s perpetual exchange has also continued to assert dominance within the derivatives space. Over the past 30 days, it has processed over $246.8 billion in trading volume, nearly triple the combined volume of the other top-ten decentralized perpetual platforms.<\/p>\n

The exchange\u2019s competitive edge is largely attributed to its high leverage offerings, allowing users to access up to 40x leverage, a feature that has attracted aggressive short-term traders.<\/p>\n

Further on-chain data shows whales have been increasingly accumulating HYPE tokens over the past few weeks.<\/p>\n

Hype price analysis<\/h2>\n

From a technical standpoint, HYPE has confirmed multiple bullish breakout patterns on the 1-day USDT chart. On June 9, the token broke out of a bullish pennant formation, a continuation pattern that typically signals the resumption of an uptrend.<\/p>\n

<\/source><\/p>\n<\/picture>
HYPE 1-day price chart \u2014 June 16 | Source: crypto.news<\/figcaption><\/figure>\n

Following this, HYPE also rallied above a bull flag pattern that had developed over the past week, further validating bullish sentiment.<\/p>\n

Moreover, the token has breached a critical resistance zone at $35.13, which had previously marked the upper boundary of a long-term cup-and-handle pattern that began forming in December 2024. The breakout above this level represents a significant technical milestone, often viewed as a signal for sustained upward movement.<\/p>\n

Momentum indicators also support the bullish case with both the MACD and RSI lines trending higher on the 4-hour chart, suggesting strengthening upward momentum and increased buying pressure.<\/p>\n

<\/source>
\n\"Hyperliquid\u2019s\n<\/picture>
HYPE MACD and RSI chart \u2014 June 16 | Source: crypto.news<\/figcaption><\/figure>\n

However, there are some risks. Notably, whales and long-term holders could be looking to lock in some gains, which is typical when an asset hits an all-time high.\u00a0<\/p>\n

For instance, Onchain Lens reported<\/a> that a whale who held a long position in HYPE is currently sitting on profits of over $13.7 million.<\/p>\n

Meanwhile, Coinglass data<\/a> shows that Hyperliquid whales are tilting slightly bearish, with 51.09% of total positions and over 50.8% of margin currently allocated to shorts.<\/p>\n

This positioning may be indicative of short-term caution, as whales often hedge or reduce long exposure at key resistance levels to manage downside risk. While not necessarily a sign of a broader bearish reversal, it could contribute to short-term volatility.<\/p>\n

Therefore, if bullish momentum persists, the token could next target the psychological resistance level of $50, up 12.8% from the current price level.<\/p>\n

On the contrary, if whale activity intensifies on the sell side or if broader market sentiment weakens, a drop below the $35 support level would invalidate the current bullish outlook and potentially signal the start of a deeper correction.<\/p>\n

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

HYPE, the native token of Hyperliquid, hit a new all-time high of $44.69 on June 16 and appears poised for further gains after breaking out of multiple bullish technical setups.…<\/p>\n","protected":false},"author":1,"featured_media":1205,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2999","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\/2999","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=2999"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2999\/revisions"}],"predecessor-version":[{"id":3000,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2999\/revisions\/3000"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1205"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=2999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=2999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=2999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}