Here’s why HYPE is up over 30% today

The price of Hype rebounded after the drop in yesterday and is now ready to test a key bullish model, which could lead to more to come.

Hyperliquid (THRESHING) increased by 32.7% for an intra -day summit of $ 12.5 on April 8, morning time in the morning, while bringing back its market capitalization more than $ 4 billion. Its daily trading volume has increased by almost 50% compared to the day before, oscillating more than $ 246 million.

Recent gains have erased the losses of the last two days, which has come During a wider market sale. This crisis followed the new of the new American trade rates announced by Donald Trump, Finding the fears of a world trade war And hang around the entire cryptography market of more than 13%.

The Hype rally presents itself today while open interests go up over $ 450 million, up 20% compared to the day before, referring to the growing interest of derivative traders on the market. Even if the global derivative market is fairly calm, positive financing rates since March 25 suggest that traders are still optimistic.

Today’s earnings were accompanied by an increase in commercial activity on hyperliquidal.

The data DEFI LLAMA show that the hyperliquid has experienced a huge pic of trading volume, up 66% compared to the day before, reaching $ 13.05 billion. By way of comparison, its greatest rival, Jupiter (Jupp), only $ 1.6 billion.

In total, Hyperliquid has treated more than $ 1.22 dollars in volume so far, easily beating 278.4 billion dollars in Jupiter.

The hyperliquid also attracted a lot of attention after A whale fell USDC 4.52 million in the platform and went to ETH for a long time with a 20x lever effect, opening a massive trade worth around 47,253 ETH, or around $ 70 million.

As for the rest, Crypto Analyst Glitch noted The media threshing tests a key resistance level between $ 11.7 and $ 12.5. If it breaks above, he thinks he could return it to support and rally up to $ 18.5 or even $ 20.5.

Sharing a day -to -day threshing graphic, added This media threshing must return the resistance range from $ 11.7 to $ 12.5 in support to avoid losses. See below.

At the time of the press, Hype was negotiated at $ 11.95.

Charting media price analysis

Looking at the 4 -hour board, the media is ready to get out of a chain that has been falling in place since March 24. Traders consider this to be a bullish sign, which often rushes into a bullish rally on a successful break.

The MacD also displays a bullish momentum, the MacD line crossing the signal line. In addition, the Superrend indicator has overturned green, which generally suggests that buyers are back in control, at least for the moment.

Consequently, the most likely objective for changing media is the level of psychological resistance of $ 15, which it failed to violate earlier this month. An escape above could open the way to the $ 20 mark.