Hyperliquid (Hype) has staged an impressive rise, doubling at a price low $ 9.30 on April 7To. The rally from the descending wedge pattern has wore a mark on the critical obstacle strip near the $ 19.88 level, which corresponds to its previous decline of 0.618 Fibonacci's withdrawal.
On a daily chart, Leap Test this key level after breaking Mother-21 and the mother-50 withdrawal. RSI is located about 63 and the stochastic oscillator remains elevated, showing the market that tends to be bullish but may approach the near -term exhaustion point.
A short setback for the $ 15.73-14 zone would be healthy in structure, this range also corresponds to the previous demand and 0.786 FIB.
The outbreak of the wedge marked a technical shift, but the lack of decisive volume over $ 19.88 is the merchants cautious due to failed breakdown or local peak formation. Hype could continue to rise to the following Fibonacci targets at $ 22.80 and $ 25.72. The MACD remains positive, showing the space for continued thrust.
Hyperliquid validator launch and ecosystem shift
Hyperliquid The voter program has also contributed to recent activities. Exceeding 21 permissible validator knots, each of which requires 10,000 leap locks for one year, the project has made demand, while network security is decentralized.
Open interest in derivative instruments is increasedAnd the decision of the platform continues to be attracted to the funding of venture capital.
At the same time, comparisons with a competing project have intensified. Hyperel's entrepreneurs begin to regret the fading of this pulse, highlighting hyperliquide stronger fundamentals And tokenomics.
All eyes are now on whether Hype can decisively clear $ 19.88. A successful breakthrough would mark the continuation of this macro -cutting, potentially setting the basis for running towards the $ 25 zone.
Rejecting would make the $ 15 range more likely. In both cases, Hype remains a sign of what to look at in the market where layer-1 narratives and decentralized income models are returned.
