Hyperliquid has been steady even as other cryptocurrencies move up and down in price. Veteran analyst Crypto McKenna shared a chart on X showing how Hyperliquid’s price stayed stable while the rest of the market shifted around. Meanwhile, crypto expert Thor also provided further insights into its performance, emphasizing key metrics that may be contributing to its stability.
Hyperliquid’s price action has demonstrated a strong ability to hold its range, avoiding sharp declines even as the broader market experiences fluctuations. The HYPE chart suggests that the token has been consolidating between $20 and $28 for over 50 days, maintaining a steady structure without significant breakdowns.
Support has been evident at the $22–$24 range, while resistance near $28 has limited upward movement. Despite multiple attempts to break higher, HYPE’s price remains within a defined zone, suggesting continued accumulation by market participants. A breakout beyond this range could determine the next directional move.
Hyperliquid On-Chain Metrics and Revenue Growth
Thor’s tweet provides a broader perspective on Hyperliquid’s fundamentals, indicating strong revenue generation and high trading volumes. Over the past 52 days, the project has reported $84.73 million in revenue, with annualized figures exceeding $595 million. The platform has also facilitated $311 billion in perpetual contract trading volume and $10 billion in spot trading volume.
Large-scale buybacks using platform revenue further support price stability, reducing supply pressure in the market. Additionally, developments such as native Bitcoin integration on testnet and multi-signature wallet support contribute to Hyperliquid’s ecosystem expansion, attracting sustained user activity.
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HYPE Market Sentiment and Future Outlook
The sentiment around Hyperliquid’s price remains strong, with market participants pointing to upcoming catalysts that could influence its trajectory. Potential developments, including coin-margined trading, the HyperEVM launch, and an expanding decentralized application (dApp) ecosystem, may drive further engagement.
While HYPE’s price remains range-bound, liquidity absorption at key levels indicates strong market interest. If the asset surpasses resistance near $28, it could signal renewed bullish momentum, whereas a drop below $20 may introduce additional downside risk. Traders continue to monitor price movements as Hyperliquid sustains its stability in an otherwise volatile market.
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