The Hyperliquid price pumped 25% in the last 24 hours to trade at $24.62 as of 8:14 p.m. EST on trading volume that skyrocketed 91% to $361 million, according to CoinGecko.
Hyperliquid Price On A Sustained Bullish Rally
The HYPE/USDT chart analysis on the 1-hour timeframe reveals a notable upward trend, supported by bullish price action and strengthening technical indicators.
After a sustained uptrend after launch, the Hyperliquid price soared to the $19.80 resistance, before consolidating within the $17.20 range. This level is now acting as the major support, where the bulls took charge of the asset, driving the price of Hyperliquid through a massive parabolic curve.
HYPE now trades well above the 50-day Simple Moving Average (SMA), which is a signal that the Hyperliquid price is currently on a sustained bullish rally.
The Relative Strength Index (RSI) is at 72.91, which indicates overbought conditions. This suggests that while the uptrend remains strong, a temporary pullback could occur as traders take profits. If the RSI remains above 70 for an extended period, it can signal sustained bullish momentum, but caution is needed for overextended moves.
Meanwhile, the Moving Average Convergence Divergence (MACD) also supports the general bullish trend, as the blue MACD line crosses above the orange signal line.
The current market for HYPE price remains bullish, as the asset continues to move within the parabolic curve. If this momentum continues, the bulls are targeting the next possible resistance level at $28.
HYPE/USDT Chart Analysis (Source: Tradingview)
However, due to overbought RSI conditions, a pullback toward $17.20 (key support) is also plausible.
As the Hyperliquid price aims for a continued surge, some investors are turning to presale meme coins like the newly launched Flockerz (FLOCK) .
According to 99Bitcoins, a popular crypto channel on YouTube with over 706K subscribers, FLOCK has the potential to soar 100X after its launch.
Flockerz Presale Raises Over $6.7 Million
Early investors are rushing to the Flockerz presale as it continues its mission to put the power back in the hands of the crypto community. The project has already raised over $6.7 million.
Flockerz is gaining attention because of its unique approach to community governance. Its standout feature, the Vote-to-Earn (V2E) system, allows community members to earn $FLOCK tokens by participating in important decisions about the project’s future. All they have to do is vote on key decisions to earn rewards.
The underlying framework of Flockerz is anchored in a decentralized autonomous organization (DAO) called Flocktopia, where every holder’s voice matters.
Apart from V2E rewards, users can also earn passively through the platform’s staking mechanism, which offers a sky-high annual yield of 421%.
Investors interested in joining the presale can visit the official Flockerz website to buy FLOCK tokens at the current price of $0.0064265 each using BNB, ETH, USDT, or a bank card.
Buy before a price hike in less than 3 days to secure the best deal.
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