Hyperliquid’s HYPE: Is it Worth the Buzz or Just a Flash in the Pan?

HYPE‘s up 36% in June, while hitting a second ATH and closing in on a top 10 ranking
DEX volume has been soaring, but low TVL raises questions about the rally’s long-term sustainability

Hyperliquid [HYPE] is living up to its name.

The token notched its second ATH in just a week, climbing by 36% in June alone. Now, with momentum accelerating and market interest spiking, HYPE may be on the cusp of entering the top 10 cryptocurrencies by market cap – A milestone that could reshape the DeFi leaderboard and challenge the dominance of legacy tokens.

Bullish energy builds for Hyperliquid

After clocking a fresh all-time high at $44.79, HYPE held firm near $44.68, at press time. The candlestick chart revealed a sharp bullish engulfing candle backed by growing volume, meaning that traders have been chasing momentum.

The RSI hit the 70-mark, indicating intense buying pressure. Meanwhile, the OBV rose steadily to 5.62 million, with the volume supporting the price rally too.

With $50 on the horizon, bulls appeared to be far from exhausted.

$15 billion in sight as capital keeps flowing

But wait, there’s more! 😲

As HYPE’s value skyrockets, some are left wondering if this is just a flash in the pan or if it’s truly worth the hype. 🤔

While DEX volume has been soaring, low TVL raises questions about the rally’s long-term sustainability. 📉

But hey, who needs sustainability when you’ve got a token that’s climbing faster than a ladder in a game of Snakes and Ladders? 🎲

So, buckle up, folks! It’s going to be a wild ride as we watch HYPE either soar to new heights or come crashing down like a lead balloon. 🚀💥

2025-06-16 23:06

Bullish energy builds for Hyperliquid

$15 billion in sight as capital keeps flowing

Read More