Is HYPE Price Poised for Another 70% Rally as Whales Open $12M Longs?

Hyperliquid (HYPE) has been one of the top-performing coins in the last two months after recording a series of all-time highs. Its most recent all-time high of $45 was formed earlier this week, and while it has retreated by 11% from this price, bullish signs are still aligning. On June 18, the HYPE price traded at $40 with a 4% intraday drop, while trading volumes had spiked slightly by 7% to $40.