Hyperliquid (HYPE) Is Struggling to Regain Bullish Momentum

Hyperliquid (HYPE) is struggling to regain bullish momentum. The token is down 4.08% over the past 24 hours, while Bitcoin's rejection near $95000

Hyperliquid (HYPE) token is struggling to regain bullish momentum as Bitcoin’s rejection continues to weigh on the market.

At press time, HYPE is trading down 0.48% in the past 24 hours at $19.24.

Recently, the token has failed to break the key 20.00 level as sellers quickly return to keep the price in check.

However, if HYPE can finally push through this resistance in Q2 2025, then a move to 27.00 could be on the cards.

On the other hand, failure to break above 20.00 may lead to a drop to the 15.00 support level.

HYPE Price Analysis: Hyperliquid Crypto Is Struggling to Breakout – Can HYPE Crack $20?

(HYPEUSDT)

The price of Hyperliquid has been quite volatile over the past few months.

As the above chart shows, there is a clear resistance at the 20.00 level on the daily HYPE/USDT chart, with multiple failed breakout attempts in April 2025.

After each try, the price has pulled back to trade at around the 17.00-18.00 levels.

On the other hand, the 15.00 has acted as strong support, with the price bouncing back from this zone on several occasions.

To crack the 20.00 in Q2, HYPE must overcome selling pressure at this key level and sustain momentum.

A breakout could see gains towards 27.00, while failure might sink to 15.00.

oh? $hype looks ready to send if equities dont rug 👀

hyperliquid. https://t.gradescope.com/courses/96403/assignments/566040/batch_entries/new

— dave (@davexpal) April 28, 2025

While Hyperliquid Fights To Break $20 Level, Solaxy Is Approaching Its Final Presale Stages

As we patiently wait for Bitcoin’s next move, altcoins are slowly recovering, with SUI adding over 60% in the last week.

Additionally, on-chain activity is increasing, and traders are growing optimistic.

Solaxy ($SOLX), a rapidly emerging project in the blockchain sphere, is introducing the first true Layer-2 scaling solution for Solana to handle future congestions.

The project has already raised over $32 million in its presale, catching the attention of developers and investors seeking a more scalable Solana ecosystem.

Layer-2 solutions are built on top of existing blockchains to improve transaction speed, lower fees, and increase scalability. They process transactions off-chain first, then batch and settle them on the main blockchain. This means faster performance without overloading the primary network.

For Solana, often criticized for congestion and outages during high-demand periods, a Layer-2 like Solaxy could be transformative.

DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now

Solaxy improves scalability, but it also enables cross-chain interoperability through a partnership with Hyperlane, permitting seamless movement of assets between Solana, Ethereum, and Base. This expanded reach could attract millions of additional users to Solana’s ecosystem.

Solaxy uses rollups to process transactions off-chain, guaranteeing faster settlement and lower network fees. All fees are paid in $SOLX, strengthening demand for the native token as network usage grows.

Solaxy TestNet Block Explorer Is Live

Beyond solving scalability and reliability issues, Solaxy introduces important features at launch. A blockchain explorer is live, giving users real-time transparency over the network’s operations.

Another feature is the staking program, offering investors up to 125% APY for locking their $SOLX tokens. An incentive for long-term participation and early network support.

🔥 The Solaxy Era Begins 🔥

The Solaxy TestNet Block Explorer is now live! This is the first step in bringing about $SOLX domination. 🛸🪐

Check it out for yourself below 👇https://t.co/VWq2cscsrK pic.twitter.com/8rIQfOHAwb

— SOLAXY (@SOLAXYTOKEN) April 19, 2025

Once the presale ends, investors can claim their $SOLX tokens through the Solaxy dashboard. Shortly after, the token will list on decentralized exchanges.

Centralized exchange listings are also expected down the line. Although no names have been confirmed yet, Solaxy is likely in talks with major platforms. If successful, this would expose $SOLX to a much broader audience and add significant liquidity after launch.

Visit SOLX Here

DISCOVER: 20+ Next Crypto to Explode in 2025