What to know:
- HYPE reached a key Fibonacci support zone, attracting accumulation.
- Hyperliquid surpassed Uniswap V3 in daily protocol fees.
- Bullish signals and whale buying support HYPE’s recovery.
Hyperliquid’s HYPE price is undergoing a healthy correction as analysts monitor a key support zone for potential accumulation. Meanwhile, Hyperliquid has surpassed Uniswap V3 in daily protocol fees, reinforcing its growing adoption and strengthening its position as a leading decentralized trading platform.
At the time of writing, HYPE is trading at $53.77 with a 24-hour trading volume of $370.43 million and a market capitalization of $13.58 billion. Despite the 2.01% loss over the last 24 hours, the HYPE price structure and network growth point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: HYPE Price at Critical Crossroads: Can Bulls Ignite a $150 Rally?
HYPE Price Setup Points to $150 Rally Ahead
According to the crypto analyst Crypto Patel, Hyperliquid’s native token HYPE has entered a sharp correction after falling from its recent peak near $77, validating earlier warnings that the rally above $70 carried elevated risk.
The HYPE price now trades around $53, shifting market attention toward stronger support levels as traders assess whether the ongoing pullback can create favorable long-term buying opportunities ahead.
Source: Crypto Patel’s X Post
The technical analysts are observing the 0.5-0.618 Fibonacci level from $40 to $34 as an accumulation zone for the HYPE price.
If the HYPE price holds above this demand level, then the positive trend can continue to rise and touch its former all-time high before moving further towards the $100-$150 price range.
Hyperliquid Surpasses Uniswap V3 in Daily Fees
The data from MSB Intel further highlighted that Hyperliquid has increased its presence in decentralized finance since the perpetual futures platform earned more protocol fees than the Uniswap V3 platform.
In the last 24 hours, Hyperliquid Perps has been able to collect around $2.6 million in protocol fees compared to Uniswap V3’s $2.5 million in protocol fees.
Source: MSB Intel’s X Post
The most recent success shows the increasing trend of decentralized perpetual trading with more and more users shifting to exchanges that provide them with high liquidity and effective trading.
The fact that the protocol has surpassed a decentralized exchange that had been operating for many years already is evidence of the increasing market presence of Hyperliquid.
Despite the bullish price predictions and strong network growth, the HYPE price is moving in a downward direction. However, the general trend in the crypto market is improving, and HYPE could soon witness a breakout if conditions remain favorable.
What Comes Next?
A rebound in HYPE will likely occur if the HYPE price is able to hold its major support region. Further, growing protocol income and increased adoption by users can create further upside momentum. Positive changes in the overall crypto market can allow HYPE to recapture its past peaks and move up.
Also Read: Hyperliquid Price Stays Above Key Support as Bulls Eye $70 Breakout
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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