{"id":870,"date":"2025-05-26T09:21:51","date_gmt":"2025-05-26T09:21:51","guid":{"rendered":"https:\/\/bitunikey.com\/news\/hype-eyes-24-rally-as-bullish-patterns-emerge-oi-hits-all-time-high\/"},"modified":"2025-05-26T09:21:52","modified_gmt":"2025-05-26T09:21:52","slug":"hype-eyes-24-rally-as-bullish-patterns-emerge-oi-hits-all-time-high","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/hype-eyes-24-rally-as-bullish-patterns-emerge-oi-hits-all-time-high\/","title":{"rendered":"HYPE eyes 24% rally as bullish patterns emerge, OI hits all-time high"},"content":{"rendered":"
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HYPE rallied to an intraday high of $39.6 on May 26, continuing a strong uptrend that began back on April 4 when it had bottomed out at just $9.<\/p>\n

Hyperliquid (HYPE) was trading at $38.3 at press time, up by 315% from its April low and pushing its market capitalization to $12.85 billion.<\/p>\n

The rally has been driven by surging trading volume, growing open interest, and rising network fees.<\/p>\n

According to da<\/a>t<\/a>a<\/a> from DeFiLlama, Hyperliquid\u2019s seven-day volume climbed 13.36% to $78.67 billion, making it the most active player in DeFi right now.<\/p>\n

In terms of derivatives trading, Hyperliquid has now processed over $1.56 trillion in perpetual futures volume, far exceeding Jupiter\u2019s $310.9 billion, the second-largest platform in this space. This momentum has translated into a record-high open interest of $1.39 billion.<\/p>\n

Perpetual futures, which are similar to traditional futures contracts but without expiration dates, have become a go-to tool for crypto traders. They let users apply leverage and aim for higher returns, something that\u2019s helped fuel HYPE\u2019s rise.<\/p>\n

Additionally, weekly fee revenue reached an all-time high of $22.26 million, marking four consecutive weeks of fee growth. The spike in fees is especially important because Hyperliquid could potentially use a portion of it to buy back HYPE from the open market, which may boost the price by cutting down supply.<\/p>\n

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Adding to the momentum, Hyperliquid recently submitted two formal letters to the U.S. Commodity Futures Trading Commission in response to its call for public input on perpetual futures and 24\/7 crypto trading.\u00a0<\/p>\n

The move was well received by the crypto community, with many praising Hyperliquid\u2019s proactive engagement with regulators. HYPE shot up roughly 15% within hours after the announcement.<\/p>\n

Institutional and large investor interest in HYPE also appears to be rising. According to blockchain data shared<\/a> by Lookonchain, two whale addresses recently acquired approximately $10.09 million worth of HYPE. Such large transactions often trigger follow-on demand from retail investors who track whale activity as a sentiment indicator.<\/p>\n

This retail interest is already visible. Google Trends data shows a sharp spike in search volume for \u201cHYPE,\u201d which further confirms an uptick in interest among retail users, and is often a precursor to increased trading activity and market momentum..<\/p>\n

Technically, things are looking just as strong. On the 4-hour chart, HYPE recently broke out of a symmetrical triangle pattern, a common bullish signal. It\u2019s also trading well above both the 20-day and 50-day simple moving averages, which points to a solid uptrend and usually acts as a buy signal for many traders.<\/p>\n

<\/source><\/p>\n<\/picture>
HYPE price, 20-day and 50-day SMA chart \u2014 May 26 | Source: crypto.news<\/figcaption><\/figure>\n

On top of that, HYPE appears to be forming a textbook cup-and-handle pattern. This pattern, often seen as a bullish continuation setup, includes a rounded bottom, a horizontal resistance, and a short consolidation phase.<\/p>\n

<\/source>
\n\"HYPE\n<\/picture>
A cup and handle pattern forms on 4-hour chart \u2014 May 26 | Source: crypto.news<\/figcaption><\/figure>\n

In HYPE\u2019s case, the \u201ccup\u201d had a depth of around 67.6% on the 4-hour\/USDT chart, and if this pattern plays out fully, the projected target would be around $47.7, roughly 24.5% higher than current levels.<\/p>\n

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\n Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. <\/p>\n<\/p><\/div>\n

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

HYPE rallied to an intraday high of $39.6 on May 26, continuing a strong uptrend that began back on April 4 when it had bottomed out at just $9. Hyperliquid…<\/p>\n","protected":false},"author":1,"featured_media":871,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-870","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\/870","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=870"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/870\/revisions"}],"predecessor-version":[{"id":872,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/870\/revisions\/872"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/871"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}