Hyperliquid的本地令牌Hype在短短一個月內強大的105％集會後再次轉向頭部。

隨著其價格收回20美元的水平並將上漲至21.18美元，貿易商越來越看好，希望看到該代幣的歷史最高點35.02美元。

Hyperliquid’s native token, HYPE, is back in the spotlight as it continues to rise rapidly, adding 105% to its price in just one month. Having already reclaimed the $20 mark and pushed further to reach $21.18, traders are becoming increasingly bullish on HYPE, hoping to see it return to its all-time high of $35.02.

Hyperliquid的本地令牌Hype越來越迅速上升，在短短一個月內就增加了105％。貿易商已經收回了20美元的成績並進一步達到21.18美元，因此越來越多地看好炒作，希望看到它恢復到35.02美元的歷史最高點。

This momentum is quickly building due to strong technical indicators, rising trading volume, and significant ecosystem updates. At the beginning of May, Hyperliquid introduced a new fee and staking system. This feature allows users to stake their HYPE tokens and receive trading fee discounts ranging from 5% to 40%, depending on the staked amount. The program incentivizes deeper platform engagement, offering linked account benefits across both spot and futures markets, with spot volume even counting double toward tier calculations. This encourages users to engage more fully with Hyperliquid’s ecosystem, leading to increased liquidity and broader participation—two key ingredients for any sustained rally.

由於技術指標的強大，交易量增加以及大量的生態系統更新，這種勢頭正在迅速建立。在5月初，超流動性引入了新的費用和放電系統。此功能使用戶可以將其炒作代幣享受，並獲得5％至40％的交易費用折扣，具體取決於固定金額。該計劃激發了更深層次的平台參與度，為現貨和期貨市場提供了鏈接的帳戶福利，現場量甚至計算了一級計算。這鼓勵用戶更充分地參與超級流動性的生態系統，從而增加流動性和更廣泛的參與，這是任何持續集會的關鍵要素。

Another boost came from the integration of Ethena Labs’ USDe stablecoin into Hyperliquid’s DEX and HyperEVM blockchain. With this addition, users holding at least 100 USDe on the HyperCore platform will now qualify for daily airdrop rewards. This functionality not only rewards users but also drives liquidity toward the USDe ecosystem, deepening Hyperliquid’s role in the broader DeFi space.

另一個提升來自Ethena Labs的USDE Stablecoin與Hyperliquid Dex和HypereVM區塊鏈的整合。通過此增加，在HyperCore平台上持有至少100個USDE的用戶現在將有資格獲得每日氣盤獎勵。這種功能不僅獎勵用戶，而且還可以將流動性推向USDE生態系統，從而加深了超級流動性在更廣泛的Fefi空間中的作用。

Technically, HYPE is now in a textbook bullish setup. After rebounding from a low near $10, the token has formed a clean ascending triangle pattern. This structure is typically a precursor to a breakout move. The support base around $17.5–$18.0 has held firm on multiple dips, while resistance is now at the $26–28 zone. Interestingly, this resistance area aligns with the 0.618–0.786 Fibonacci retracement levels, drawn from the $35 ATH down to the $10 low—making it a critical point to watch.

從技術上講，炒作現在正在教科書看漲。從低點接近10美元的籃板後，令牌形成了一個乾淨的上升三角形圖案。這種結構通常是突破移動的前體。支撐基地約為17.5-18.0美元，已經在多個傾斜的情況下保持了企業，而阻力現在為26-28美元。有趣的是，該電阻區與0.618-0.786的斐波那契回撤水平保持一致，從35美元的ATH到10美元的低點，使其成為關鍵點。

This is supported by the 20-day and 50-day exponential moving averages (EMAs) having crossed upward, suggesting a trend shift in favor of the bulls. The Relative Strength Index (RSI) is at a healthy 66—showing strong buying momentum without signaling overbought conditions. Meanwhile, the Moving Average Convergence Divergence (MACD) confirms positive sentiment, as it stays in bullish territory.

這是20天和50天的指數移動平均值（EMA）的支持，這表明趨勢轉變以支持公牛。相對強度指數（RSI）處於健康的66個狀態，展示了強勁的購買動量，而沒有信號過多的條件。同時，移動平均值收斂差異（MACD）證實了積極的情緒，因為它留在看漲的領域。

On-chain data strengthens the bullish outlook. After momentum cooled in April, causing volume to slump, it has since rebounded. On May 6, trading volume spiked to $5.27 billion. This signals genuine interest and liquidity returning to the token, not just speculative price action.

鏈上的數據增強了看漲的前景。在四月份的動力冷卻後，勢頭縮水後，它反彈了。 5月6日，交易量飆升至52.7億美元。這表明真正的利益和流動性恢復了代幣，而不僅僅是投機價格行動。

Looking at liquidation data, there’s potential for short squeezes that could add fuel to the rally. In Bitcoin terms, long liquidations used to heavily hit the $50K–$82K zone, with substantial losses forcing bulls out of positions. But currently, the pressure is shifting toward the short side. From $103K to $142K (in BTC equivalent), the market is largely composed of shorts, some of them heavily leveraged. A breakout above $28 could trigger liquidations of these shorts, rapidly pushing HYPE toward its all-time high around $35.

從清算數據中看，可能會擠壓短暫的擠壓，從而為拉力賽增加燃料。用比特幣來說，長期的清算用來猛烈地達到5萬美元 - $ 82K的區域，造成了巨大的損失，迫使公牛脫離了位置。但是目前，壓力正在向短側轉移。從$ 103K到$ 14.2萬美元（在BTC相當於）中，市場主要由短褲組成，其中一些人槓桿率很高。超過28美元的突破可能會觸發這些短褲的清算，從而迅速將炒作推向了35美元左右的歷史最高水平。

Overall, with bullish technicals, growing volume, and strong fundamentals, HYPE seems well-positioned to challenge the $26–28 resistance in the coming weeks. If it breaks that level with conviction, analysts believe a retest of the $33–35 zone is likely within the next four to six weeks. The market is watching closely, and if momentum holds, HYPE could soon be rewriting its price history.

總體而言，隨著看漲的技術，增長的量和強大的基礎知識，炒作似乎有充分的位置，以挑戰接下來幾週的26-28美元的抵抗力。如果定罪打破了這一水平，分析師認為，在接下來的四到六週內，可能會重新測試33-35美元。市場正在密切關注，如果動量保持，炒作很快就會重寫其價格歷史。