{"id":4837,"date":"2025-07-03T07:27:00","date_gmt":"2025-07-03T07:27:00","guid":{"rendered":"https:\/\/bitunikey.com\/news\/hyperliquid-eyes-breakout-as-network-updates-and-rising-bridge-deposits-fuel-bullish-momentum\/"},"modified":"2025-07-03T07:27:10","modified_gmt":"2025-07-03T07:27:10","slug":"hyperliquid-eyes-breakout-as-network-updates-and-rising-bridge-deposits-fuel-bullish-momentum","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/hyperliquid-eyes-breakout-as-network-updates-and-rising-bridge-deposits-fuel-bullish-momentum\/","title":{"rendered":"Hyperliquid eyes breakout as network updates and rising bridge deposits fuel bullish momentum"},"content":{"rendered":"
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Hyperliquid is gaining momentum with bridge deposits on the rise and key network upgrades on the horizon.<\/p>\n

As of this writing, Hyperliquid (HYPE) is trading at $39.85, up 6% in the last day. The token has hovered between $35.50 and $41.02 over the past week, now sitting just 12% below its all-time high of $45.57 set on June 16.<\/p>\n

The recent price gains come alongside a major rise in capital inflows. Hyperliquid\u2019s bridge deposits have surged from roughly $500 million in late 2024 to nearly $4 billion, as per data<\/a> from blockchain analytics firm Purrsec. These inflows reflect deeper capital efficiency and greater user confidence.<\/p>\n

Hyperliquid now controls more than 75% of the decentralized perpetuals trading volume. According to DefiLlama data<\/a>, the platform processed $220 billion in volume over the past 30 days, more than six times that of its nearest competitor. Cumulative trading volume has surpassed $1.1 trillion, with recent weekly activity ranging from $50 billion to $75 billion.<\/p>\n

<\/p>\n

Several major updates have strengthened the on-chain momentum. With the expected release of CoreWriter, HyperEVM applications will be able to communicate natively with HyperCore, the protocol\u2019s high-performance trading engine. This could improve speed, efficiency, and composability by bringing dApps closer to the core infrastructure.<\/p>\n

At the same time, two important initiatives are moving forward. The first is HIP-3, a proposal that would allow permissionless perpetual markets, meaning that anyone who meets the staking threshold could list new assets. This could greatly increase fee generation and long-tail market coverage.\u00a0<\/p>\n

Second, as HyperEVM is being implemented further, third-party development is expanding. Integrations with Gelato and Stargate are underway and will make the DeFi ecosystem more flexible and interconnected.<\/p>\n

Looking at the technical picture, HYPE is showing signs of an impending breakout. The price is currently hugging the upper Bollinger Band, a sign of upward pressure and increased volatility. The relative strength index, at 56.97, is neither overbought nor oversold, indicating that there is room for further gains.<\/p>\n

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

Recent sessions have seen a slight increase in volume, suggesting renewed trader interest. As momentum keeps rising, the price has found stable support around the 20-day simple moving average. A bullish breakout seems more likely as HYPE forms higher lows and Bollinger Bands start to widen.<\/p>\n

Should HYPE break above the $41\u2013$42 resistance zone, the next key target would be a retest of the all-time high near $45. The price may drop towards the $35.50 area if it is unable to maintain above $38. <\/p>\n

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

Hyperliquid is gaining momentum with bridge deposits on the rise and key network upgrades on the horizon. As of this writing, Hyperliquid (HYPE) is trading at $39.85, up 6% in…<\/p>\n","protected":false},"author":1,"featured_media":1110,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4837","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\/4837","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=4837"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/4837\/revisions"}],"predecessor-version":[{"id":4838,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/4837\/revisions\/4838"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1110"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=4837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=4837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=4837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}