While cryptocurrency markets have been under severe sales pressure in recent weeks, most large-scale projects have lost value. While leading assets such as Bitcoin and Ethereum retreated, Hyperliquid (HYPE) stood out as one of the rare cryptocurrencies that performed strongly despite this negative picture. According to many analysts, while the market has entered the early stages of the bear cycle, the fact that HYPE has maintained its stability across different time frames creates a remarkable divergence.
Key Dynamics Behind the Rise of Hyperliquid
Market data shows that Hyperliquid’s recent performance is not just short-term speculation. HYPE, which has increased by approximately 31 percent in the last week, reached its highest value in a month, reaching up to 34 dollars. HYPE, which increased by 17 percent in a two-week period, 13 percent on a monthly basis and around 8 percent on an annual basis, clearly differentiated itself from Bitcoin, which suffered serious losses in the same period.
According to analysts, the structural innovations of the platform are behind this performance. The HIP-3 update implemented by Hyperliquid enabled permissionless perpetual contracts based on real-world assets (RWA) such as gold and silver. The fact that the daily volume, especially in silver-based transactions, sometimes exceeds 1 billion dollars reveals how strong investor interest is. In addition, the fact that decentralized algorithmic traders and corporate-like structures increase their positions on Hyperliquid is interpreted as a long-term accumulation signal.
Technical Levels, Volatility and Other Market Developments
On the technical analysis front, HYPE is at a critical threshold. Experts emphasize that the price is testing the main falling resistance line and that permanently exceeding the $ 30 level is important from a psychological and technical perspective. A strong break above this level could create a potential area that could move the price to the $35 band. However, more cautious analysts state that maintaining the support zone around $23.7 will be decisive for the continuation of the rally.
The approximately 10 percent retreat in the short term is considered by the market as a natural correction. It is thought that the fluctuations in gold and Bitcoin prices, in particular, put temporary pressure on Hyperliquid. Similarly, the intense NFT and DeFi activity in the Solana ecosystem in recent days is also reshaping the risk distribution of investors. High volume disclosures of some Solana-based projects indicate that capital is rapidly moving between ecosystems.
Additional catalysts for Hyperliquid are also on the agenda in the coming period. The anticipated second airdrop is seen as a significant move that could increase community growth and platform usage. According to experts, making this distribution before price peaks may be a strategic choice for long-term ecosystem health.
In short, Hyperliquid’s resistance under current market conditions is an important signal for crypto investors. However, it should not be forgotten that despite strong fundamental developments, volatility is high. While HYPE offers serious upside potential when the right conditions occur, general market trends and macroeconomic factors will continue to determine the price.
