Hyperliquid (HYPE) price has surged over 13% in the past 24 hours, pushing its market cap back above $8 billion to $8.63 billion and securing its position as the 22nd largest crypto.
With trading volume up nearly 40% to almost $300 million, HYPE’s price has broken above $25 for the first time since January 7. As momentum builds, traders are closely watching key resistance and support levels to gauge HYPE’s next potential move.
HYPE DMI Confirms Buyers Are Dominating the Market
Hyperliquid Directional Movement Index (DMI) chart shows an ADX value of 22.5, up from 17.9 just a day ago, signaling a strengthening trend. The ADX measures the strength of a trend without indicating its direction.
Values below 20 suggest a weak or absent trend, while values above 25 indicate a strong trend. The ADX’s rise closer to 25 suggests that HYPE’s current uptrend is gaining momentum.
The +DI, which reflects bullish pressure, has risen significantly to 30.5 from 16.1, while the -DI, representing bearish pressure, has dropped to 13.7 from 25. This shift highlights a clear dominance of buyers over sellers, aligning with HYPE ongoing price recovery from recent lows.
The increasing +DI and declining -DI, combined with a rising ADX, suggest that HYPE’s uptrend is intact and could potentially strengthen further if these trends continue.
Hyperliquid RSI Remains Below Overbought Territory
HYPE Relative Strength Index is currently at 62.5, rising sharply after touching 31.4 four days ago and briefly reaching 67 a few hours ago.
This upward movement reflects a significant recovery in momentum, signaling increased buying activity. While the RSI has climbed into bullish
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Author: Tiago Amaral
