Hyperliquid price retains $ 45 despite a modest dip, with record trade volumes that suggest that his market momentum may only start.
Summary
- Hyperliquid acts steadily at $ 45, while weekly profits remain intact.
- Spot and derivatives volumes rise, with BTC and ETH pairs of driving activity.
- Technical tones show consolidation, with a potential outbreaking above support.
Hyperliquid (hype) shows resilience at the $ 45 marking, slips 1% in the last 24 hours and keeps the majority of the weekly profit intact. Token has risen more than 7% in the last seven days and now acts 9% below the record high from mid -July.
The growing activity in the markets of the place and derivatives stimulates the momentum. The trade volumes rose in the last day alone by more than half to $ 537 million.
According to Coinglass, the turnover of derivatives increased to $ 2.65 billion factsWhile the open interest rate decreased by 1%, indicating that traders actively change position instead of leaving the market. This type of Churn often reflects consolidation, with short -term leverage resets for a new leg higher.
Hyperliquid breaks in the large competitions
Hyperliquid unveiled On 26 August, that spot volumes reached a new record of $ 3.4 billion in 24 hours at his fair. Much of that activity came from BTC and ETH pairs, where the platform now ranked as the second largest location worldwide for Bitcoin (BTC) spot trade.
The trend is supported by Defillama factsThose monthly decentralized exchange volumes shows $ 16 billion in August at the top, far above $ 11 billion of July. At the same time, the total value of the platform has risen to $ 685 million, the highest in six months.
Hyperliquid technical analysis
The daily graph shows the hype consolidation near the mid-bulinger band, just above $ 45. Although this suggests stability, an outbreak can be on hands, since the bands have started to limit. The MACD shows a light Bearish crossover, which suggests in the short term caution, while the relative strength index is neutral at 52, which indicates a balanced momentum.
Increasing averages tell a stronger story. From the 10-day EMA ($ 44.16) to the 200-day SMA ($ 29.32), each key flashes average purchase signals and reflects an intact update structure.
If the level of $ 45 applies, buyers can stimulate a movement to $ 48.50 and possibly back to the peak of July near $ 50. Not holding the $ 44 support (mid-band) risks a decrease to $ 40.50, the lower limit of its 7-day range. A break below can cause a wider downward pressure.
