Hyperliquid's HYPE token disrupts the crypto market with a remarkable 100% surge since April 2025, nearing the key resistance of $20. Backed by strong fundamentals and bullish momentum, could it signal a trend reversal? Stay tuned for in-depth analysis and insights.
While many altcoins struggle to find a clear direction, the HYPE token, associated with the Hyperliquid project, defies the trend with a remarkable performance. Since hitting its low point in early April, HYPE has doubled in value, showing an increase of over 100%, significantly outperforming the overall crypto market. Currently, it is approaching the critical psychological and technical $20 resistance. Can this rise continue? Let’s analyze.
From a technical perspective, several factors explain this impressive uptrend. Since its all-time high (ATH) reached in December 2024 (around $35.73), HYPE’s price has been evolving in a chart pattern called a “descending wedge.” In early April, the price touched and validated the lower support of this wedge, around $9.30.
This level acted as a strong springboard, initiating the current rebound that is bringing HYPE to test the upper resistance of the wedge, coinciding with the key $20 zone. Breaking through this level would be a major bullish signal.
Technical indicators like RSI and MACD had shown bullish divergences before the start of the rebound, suggesting an exhaustion of the downtrend. However, some analysts note that these indicators could show signs of weakness in the short term near the current resistance, advocating for possible consolidation or correction before a potential continuation of the uptrend.
Elliott Wave analysis suggests that the decline from the ATH could be completed (5-wave pattern) and the current rise would correspond to the first part (wave A) of a three-wave bullish correction (A-B-C). If this scenario plays out, a correction (wave B) could precede a new bullish impulse (wave C) targeting the $22.30 – $25.40 zone and confirming the breakout of the wedge.
Between $20 and $22 lies a strong resistance zone. The $25 mark is heavily protected by smart money. A clear break above $25 would pave the way for HYPE to reach a new ATH and price discovery.
Beyond technical analysis, several factors may explain the renewed interest in HYPE:
HYPE is at a pivotal moment. The $20 zone represents a major resistance.
HYPE’s ability to sustainably surpass $20 will be crucial going forward. It will also be important to monitor its relative performance against Bitcoin and the rest of the altcoin market.
Hyperliquid (HYPE) demonstrates impressive strength by outperforming the market and doubling its value in a few weeks. Buoyed by favourable technical factors and fundamental elements like the staking launch, the token is currently testing a crucial resistance at $20.
If the breakthrough of this key level is confirmed, HYPE could start a new phase of significant growth. However, caution is advised due to the inherent volatility of cryptocurrencies. Investors should carefully monitor price reactions to this resistance before taking a position.
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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