After weeks of lateral movement, Hyperliquid has recovered the level of $ 20, suggesting a possible shift in Momentum.
A clear bouncing above the middle bollinger band can be seen on the daily graph, where the price now tests the top band. The relative strength index is on 62.91, Bullish Momentum shows but not yet in Overbought territory. Although there has been no clear outbreak yet, a steadily volume indicates that the recent step has strong support.
The advancing average convergence divergence is in a purchase zone and hyperliquid (hype) still acts above the 50-day advancing average. In general, the momentum is gradually increasing, but most oscillators are still neutral. If bulls can hold above $ 20, the next goal can be between $ 21 and $ 22. However, a rejection at the current level can reduce the price to the $ 18 zone.
This rebound coincides with an increase of 12% in the open interest in token, according to Coinglass facts. The trade volume for April was $ 4.01 billion, just more than $ 4 billion for March. For $ 289 million, the total value is still more than 50% lower than its peak in February, which was around $ 700 million, according to Defillama facts. A decrease in user confidence or capital rotation can be indicated by this sharp decline, in combination with a delay in the intake of stablecoine.
The recent updates from Hyperliquid can explain part of the renewed interest. On April 21 it was integrated with Cypher, a web3 payment gateway, so that users can spend both on site and eternal balances on more than 100 million traders worldwide. Cypher’s map can be used in more than 150 countries and has support for Apple and Google Pay. A packed Testnet Stablecoin, WHLUSDC, also went live.
https://twitter.com/Cypher_hq_/status/19143789777634083241?s=46&t=NZNXKSSS3DEBX8JIHNZHMZWZWZW
Looking ahead, Hyperliquid will roll out a new reimbursement and display system on 5 May. Users who use hype can earn discounts ranging from 5% to 40%. Spot and eternal volumes are counted together, with spot volume weighted double.
Hyperliquid will also make linked deployment and trade accounts possible, a new function that adds flexibility but cannot be undone once they are linked. Whether hype applies more than $ 20 can depend on how traders respond to these changes.
