Hyperliquid (HYPE) Price Extends Rally as Silver Futures Trigger Volume Shock

Hyperliquid (HYPE) is extending its upward rally for a third straight session, rising over 25% today, as capital continues to rotate into Hyperliquid, driven by an unexpected surge in commodity-based trading. While the broader crypto market remains selective, HYPE’s rapid rally into commodity perpetuals, particularly Silver, has reshaped short-term demand for the HYPE token

As Hyperliquid price has showcased a bullish streak, surpassing multiple hurdles in a single shot, bulls were eyeing to reach the 200 day EMA hurdle of $38. However, if commodity volumes and HIP-3 participation remain elevated, HYPE’s momentum would continue and further rally may be possible. A clean move above $38 keeps the next psychological resistance zone of $50 in focus, while a retracement below $30 would mark a higher low formation toward $28 followed by $25 the near term.

FAQs

Why is Hyperliquid (HYPE) price rising today?

HYPE is rallying as commodity perpetuals, especially Silver, drove over $1B in volume, boosting platform fees and increasing demand for the HYPE token.

What does rising open interest on Hyperliquid indicate?

Rising open interest alongside high volume signals real capital commitment and conviction trades, often linked to larger or institutional market participants.

What are the key resistance and support levels for HYPE?

Key resistance sits near $38 and $50, while support is around $30, then $28–$25, based on recent price structure and moving average trends.

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