Hyperliquid is gaining strength with bridge deposits in the rise and important networkup grades on the horizon.
At the moment, Hyperliquid (hype) is traded at $ 39.85, an increase of 6% on the last day. The token fluctuates between $ 35.50 and $ 41.02 in the past week, which is now only 12% below the all times of $ 45.57 on June 16.
In addition to a large rise in capital inflow, the recent price profits come. Hyperliquid’s Bridge deposits have risen from around $ 500 million in the end of 2024 to almost $ 4 billion, as per facts from blockchain analysis company Purrsec. This inflow reflects a deeper capital efficiency and greater user confidence.
Hyperliquid now regulates more than 75% of the decentralized perpetuals trade volume. According to Defillama factsThe platform processed $ 220 billion in volume over the past 30 days, more than six times that of the nearest competitor. Cumulative trade volume has surpassed $ 1.1 trillion, with recent weekly activities ranging from $ 50 billion to $ 75 billion.
Various important updates have strengthened the momentum on the chain. With the expected release of Corewriter, HyperevM applications will be able to communicate native with Hypercore, the high-performance trade motor of the protocol. This can improve the speed, efficiency and composability by bringing DAPPs closer to the core infrastructure.
At the same time, two important initiatives are progressing. The first is HIP-3, a proposal that would allow permissionless eternal markets, which means that anyone who meets the expansion threshold could mention new assets. This can considerably increase the coverage of generating reimbursements and long -tail market.
Secondly, since HyperevM is further implemented, the development of third parties is growing. Integrations with Gelato and Stargate are underway and the Defi Ecosystem will make more flexible and interconnected.
Looking at the technical image, Hype shows signs of an approaching outbreak. The price is currently hugging the Upper Bollinger band, a sign of upward pressure and raised volatility. The relative strength index, at 56.97, is neither overbought nor sold over, indicating that there is room for further profit.
Recent sessions have seen a slight increase in the volume, which suggests that renewed trader Bange. While the momentum continues to rise, the price has found stable support around the 20-day simple advancing average. A bullish breakout seems more likely as the hype forms higher lows and Bollinger tires begin to broaden.
If the hype breaks above the $ 41-$ 42 resistance zone, the following important target would be a retest of all time near $ 45. The price can fall to the $ 35.50 area if it is unable to maintain more than $ 38.
