beincrypto.com
Hyperliquid ($HYPE) price has been on a roll over the past few weeks, emerging as one of the most profitable tokens in the crypto space.
The DeFi token has achieved its second all-time high within a week, boosting this month’s gains to 36%. $HYPE is now approaching entry into the top 10 crypto tokens by market cap.
$HYPE Price Continues To Climb
$HYPE is currently trading at $44.61, following a new all-time high ($ATH) of $44.79 during today’s intra-day session. This marks an impressive 11.7% rise in the last 24 hours. The altcoin’s price action indicates strong bullish sentiment, attracting attention from traders looking for continued gains in the market.
After reaching its $ATH, $HYPE experienced a slight dip but managed to maintain support at $40.14. This bounce suggests strong demand and resilience in the market. With a 36% rise this month, $HYPE could continue its upward trend, with the next target being $50.00, which is 11.6% above the current price.
If investor sentiment turns bearish and selling pressure increases, $HYPE could fall back to the $40.14 support level. A break below this critical support would signal the invalidation of the bullish outlook, potentially leading to losses for investors.