The Hyperliquid price soared 38% in the last 24 hours to trade at $12.15 as of 11:27 p.m. EST on trading volume that plunged 4% to $242.9 million.
Hyperliquid Price On A Progressive Upward Trend
After its launch less than a week ago, the Hyperliquid price has been in a continued surge, despite having traded within the $9 range in the past 3 days.
The consolidation within this range allowed the price of Hyperliquid to soar, forming a parabolic curve.
The price of HYPE is now trading at $12.15, well above the 50-day Simple Moving Average (SMA), confirming bullish momentum. The breakout is supported by a significant volume spike, indicating strong buying pressure.
The Relative Strength Index (RSI) also supports the rising pressure, which has already crossed above the 70-overbought region, currently at 78.
Meanwhile, the Moving Average Convergence Divergence (MACD) blue line (0.8381) is significantly above the orange signal line (0.5843), and the histogram shows increasing positive momentum.
If the breakout sustains, the next significant target lies around $14.00. The trend remains bullish as long as the price stays above the 50-day SMA and volume remains high.
HYPEUSD Chart Analysis Source: Dexscreener
However, with the RSI in the overbought zone, some consolidation or pullback to the $11.50-$12.00 range is likely before resuming the uptrend.
Meanwhile, investors who are looking for diversification opportunities might consider the newly launched Best Wallet (BEST) presale.
Best Wallet Presale Amasses Over $2.1 Million In Funds Raised
Best Wallet is a new Web3 crypto wallet that combines advanced features with a user-friendly design, aiming to become a leader in the next generation of crypto wallets.
The token has now amassed over $2.1 million in funds raised. Starting out as a private sale, it is now open to the public.
The wallet offers a unique presale approach, allowing users to buy $BEST tokens exclusively through the app itself.
An analyst on the YouTube channel 99Bitcoins, with over 711k subscribers, says Best Wallet is his favorite crypto wallet.
The native token, $BEST, powers the Best Wallet ecosystem, providing reduced transaction fees and exclusive early access to the hottest new presale.
One good example of Best Wallet’s success in flagging upcoming presales is Catslap ($SLAP), which went parabolic after its recent launch.
Investors can currently purchase $BEST for $0.022925.
To join the presale before a price increase in about 42 hours, download the Best Wallet on the official $BEST Token website , click ”Upcoming,” and grab your BEST tokens.
Related News
- New Popcat Rival Catslap (SLAP) Sees Price Skyrocket 143%
- Best Wallet Soars Past $2M In 1 Week Of Public Presale
- Catslap (SLAP) Soars 85% After $500K Whale Buy
