Hyperliquid的本地令牌Hype在短短一个月内强大的105％集会后再次转向头部。

随着其价格收回20美元的水平并将上涨至21.18美元，贸易商越来越看好，希望看到该代币的历史最高点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越来越迅速上升，在短短一个月内就增加了105％。贸易商已经收回了20美元的成绩并进一步达到21.18美元，因此越来越多地看好炒作，希望看到它恢复到35.02美元的历史最高点。

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.

由于技术指标的强大，交易量增加以及大量的生态系统更新，这种势头正在迅速建立。在5月初，超流动性引入了新的费用和放电系统。此功能使用户可以将其炒作代币享受，并获得5％至40％的交易费用折扣，具体取决于固定金额。该计划激发了更深层次的平台参与度，为现货和期货市场提供了链接的帐户福利，现场量甚至计算了一级计算。这鼓励用户更充分地参与超级流动性的生态系统，从而增加流动性和更广泛的参与，这是任何持续集会的关键要素。

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.

另一个提升来自Ethena Labs的USDE Stablecoin与Hyperliquid Dex和HypereVM区块链的整合。通过此增加，在HyperCore平台上持有至少100个USDE的用户现在将有资格获得每日气盘奖励。这种功能不仅奖励用户，而且还可以将流动性推向USDE生态系统，从而加深了超级流动性在更广泛的Fefi空间中的作用。

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.

从技术上讲，炒作现在正在教科书看涨。从低点接近10美元的篮板后，令牌形成了一个干净的上升三角形图案。这种结构通常是突破移动的前体。支撑基地约为17.5-18.0美元，已经在多个倾斜的情况下保持了企业，而阻力现在为26-28美元。有趣的是，该电阻区与0.618-0.786的斐波那契回撤水平保持一致，从35美元的ATH到10美元的低点，使其成为关键点。

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.

这是20天和50天的指数移动平均值（EMA）的支持，这表明趋势转变以支持公牛。相对强度指数（RSI）处于健康的66个状态，展示了强劲的购买动量，而没有信号过多的条件。同时，移动平均值收敛差异（MACD）证实了积极的情绪，因为它留在看涨的领域。

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.

链上的数据增强了看涨的前景。在四月份的动力冷却后，势头缩水后，它反弹了。 5月6日，交易量飙升至52.7亿美元。这表明真正的利益和流动性恢复了代币，而不仅仅是投机价格行动。

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.

从清算数据中看，可能会挤压短暂的挤压，从而为拉力赛增加燃料。用比特币来说，长期的清算用来猛烈地达到5万美元 - $ 82K的区域，造成了巨大的损失，迫使公牛脱离了位置。但是目前，压力正在向短侧转移。从$ 103K到$ 14.2万美元（在BTC相当于）中，市场主要由短裤组成，其中一些人杠杆率很高。超过28美元的突破可能会触发这些短裤的清算，从而迅速将炒作推向了35美元左右的历史最高水平。

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.

总体而言，随着看涨的技术，增长的量和强大的基础知识，炒作似乎有充分的位置，以挑战接下来几周的26-28美元的抵抗力。如果定罪打破了这一水平，分析师认为，在接下来的四到六周内，可能会重新测试33-35美元。市场正在密切关注，如果动量保持，炒作很快就会重写其价格历史。