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Cryptocurrency News Articles
BlockDAG (BDAG) Shows Technical Promise with a Potential Breakout Forming, While Hedera (HBAR) and Hyperliquid (HYPE) Continue to Hold Trader Attention
May 27, 2025 at 02:46 am
BlockDAG is driving real investor engagement with its limited-time “Double Your BDAG” deal, allowing contributors to double their holdings by paying just 50% of their original spend.
Hyperliquid (HYPE) price has shown remarkable resilience and strength, sparking discussion among crypto traders. Following a sharp 300% surge that saw HYPE token rise from $10 to $39.39 in late May, the price has encountered a slight pullback.
However, despite this setback and recent volatility, HYPE price is holding above a key support level at $37, suggesting that buyers are still present at lower prices and may be able to push for further gains.
As HYPE price testing $40 amid strong buying volume, traders are now turning their attention to the next immediate resistance zone, which is located at $51.68. This level is significant because it could serve as a stepping stone for HYPE price to reach even higher price targets in the long term.
Relative Strength Index (RSI) on the 4-hour chart is currently indicating an overbought condition, which could signal an upcoming short-term correction or consolidation phase.
However, it’s important to note that in the current market cycle, many cryptocurrencies have remained in an extended bullish trend despite periods of RSI overbought. So, while a slight pullback is possible, the overall bullish momentum may continue.
Another factor that contributes to Hyperliquid’s strong performance is the increasing interest from both institutional and retail investors. This is evident in the rising open interest and trading volume for HYPE futures contracts on major derivatives exchanges.
On-chain analysis also reveals a correlation between Hyperliquid’s ecosystem development activity and its token price movements. As the project progresses with new integrations, partnerships, and product launches, we can expect to see sustained interest in HYPE token.
Overall, Hyperliquid (HYPE) price is showing remarkable resilience and strength as it continues to trade above key support levels even after a rapid 300% surge.
With HYPE price testing $40 and showing no signs of slowing down, traders are now focusing on the next immediate resistance zone at $51.68.
Moreover, high Relative Strength Index (RSI) readings and increasing interest from investors suggest that the bullish momentum could continue in the short term.
As Hyperliquid’s ecosystem expands and its project milestones are achieved, we can expect to see more speculation on HYPE token in the coming weeks.
Disclaimer:info@kdj.com
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