Remarkable movements have been recorded in the price of Hyperliquid (HYPE) in the last 24 hours. The price of the altcoin has traded between approximately $24.6 and $25.1 in the last 24 hours, signaling a slight upward trend. Analysts state that volatility is high in the short term and there is a mismatch between volume and price, which may be putting pressure on investor behavior.
What Happened in HYPE in 24 Hours?
Current data shows that the Hyperliquid (HYPE) token is trading at $24.69 at press time. The approximately 4% increase in 1 day is noteworthy. This price movement occurred when the token moved between a daily low of $23.6 and a high of $25.2.
The current market capitalization stands at approximately $8.3 billion, and Hyperliquid ranks 13th in the cryptocurrency market rankings. This data shows that HYPE’s market dominance is still attracting significant investor interest.
However, despite all this, analysts emphasize that this rise in price may be temporary. Because HYPE is well below the ATH value of $59. In addition, daily trading volume remains high in the millions of dollars, indicating that short-term trading dynamics are active.
Many technical analysts look at moving averages and volatility indicators and state that the price may trend horizontally or slightly upward in the short term. However, they say stronger volume confirmation is needed for the trend to become clear.
What Direction Are the Signals in HYPE?
One of the most important developments in the Hyperliquid ecosystem recently is the increasing HYPE accumulation of large investors. Approximately $12.1 million worth of HYPE tokens were purchased by a whale in the last 14 days, which is interpreted as a signal of long-term confidence among some investors.
In addition, some critical regulations in terms of management and tokenomics of the project are on the agenda. Events such as token burn proposals and governance votes worth millions of dollars in the past few days are increasing community engagement. These developments have the potential to reduce supply and affect demand dynamics.
Estimates of long-term price expectations vary among different analysts. While some evaluations suggest that HYPE could head towards new ATH levels after 2026 with current technology and growth potential, others state that the general volatility of the market could push the price down.
Additionally, on the platform side, Hyperliquid’s efforts to increase its competitiveness in the field of DeFi and futures transactions continue with continuous development and protocol updates. These updates could spark long-term interest in HYPE.
