Hyperliquid Price Update: Soars 170% — Is HYPE About to Smash Its All-Time High?

Updated

May 14, 2025

Gambar Hyperliquid Price Update: Soars 170% — Is HYPE About to Smash Its All-Time High?

Jakarta, Pintu News – Hyperliquid (HYPE) has experienced a 73% decline since reaching its highest price in December 2024, with the decline occurring gradually over four months.

However, as the overall crypto market recovered, Hyperliquid started to bounce back in April and recorded a gain of up to 170%.

Currently (5/14), HYPE is at the last area of resistance before hitting the previous record high, and the market’s attention is on whether the token is able to break the level and print a new high.

Hyperliquid Price Update: HYPE Price Touches Resistance Area

Daily chart analysis shows that HYPE’s price has risen by 180% since April. This rise occurred almost without any significant correction, even after HYPE reached a long-term resistance trend line.

After successfully breaking the trend line, HYPE’s upward movement accelerated and has now touched the horizontal resistance area at $26.50. If HYPE is able to pass this level, the price has the potential to continue rising towards the all-time high of $35.30.

Technical indicators are still showing positive signals. The RSI (Relative Strength Index) and MACD (Moving Average Convergence/Divergence) continue to strengthen, without any bearish divergence, which indicates that breakout opportunities are still wide open.

Will HYPE Print a New All-Time High?

The wave count for HYPE shows a bullish pattern, with an A-B-C correction (in red) that appears to have been completed since its high.

The upward movement that followed was impulsive, with no significant correction so far.

Interestingly, wave two was noted to be very shallow, indicating that the upside potential is still strong.

If Hyperliquid manages to break out of the ascending parallel channel that is currently shaping the price movement, then a parabolic move towards new highs is highly likely.

The most likely scenario going forward is a breakout above $26.50 as part of the third wave, followed by a retest as support in the fourth wave.

After that, wave five could potentially push HYPE prices to reach a new all-time high.

Hyperliquid Price Update: HYPE Bullish Trend in Sight?

Sentiment towards HYPE is now increasingly positive after the price broke through the long-term resistance trend line.

Currently, HYPE is trading at the $26.50 resistance area, and if it is able to break this level, the upward movement is expected to accelerate significantly.

Price analysis and wave count also support this positive outlook, indicating that a new all-time high is likely to be reached soon.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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