Hyperliquid (HYPE) Surges 60% as Precious Metals Demand Drives Momentum
Hyperliquid’s native token, HYPE, has soared more than 60% in just three days, bouncing from lows near $20 to $34.64. Analysts see room for another 20% upside as the protocol rides the wave of growing demand for precious metals trading.
The rally follows Hyperliquid’s HIP-3 upgrade, a major enhancement that allows permissionless perpetual futures markets. This means new markets, including gold and silver, can be added without centralized approval, giving investors 24/7 access to trade commodities alongside cryptocurrencies, stocks, and forex.
The precious metals expansion has been a big draw for sidelined investors looking to hedge against debasement, helping silver futures hit $1.1 billion in 24-hour trading volume. The move has coincided with coverage from prominent TradFi figures like Cathie Wood of Ark Invest and Tom Lee of Fundstrat, lending institutional credibility to the protocol.
HYPE Price and Technical Outlook
Currently trading around $32.50, Hyperliquid ranks as the 12th largest cryptocurrency with a market cap nearing $10 billion. Technical indicators point to a potential continuation of the rally:
HYPE bounced off long-term support near $25–$26, signaling strong demand at lower levels.
The daily candle pushing toward $32.50 reclaimed the 20-day EMA, a common early sign of a trend reversal.
Short-term momentum looks strong, with the RSI climbing into the upper 60s, showing bullish energy without being overbought.
The next key resistance sits around $35–$36, with a successful break opening the door to $40–$44 as the next upside target.
Broader Crypto Impact
If Hyperliquid continues upward, early-stage projects like Maxi Doge (MAXI) could benefit from spillover investor interest. The MAXI presale has already raised $4.5 million, offering 70% annual staking rewards, and is positioning itself as a potential “next 10x memecoin play” by following strategies reminiscent of Dogecoin’s early growth.
Investors can join Maxi Doge via the official website, using USDT, ETH, or a bank card, and participate in its community-driven alpha channel to share strategies and insights.
In short: HYPE is back in momentum mode, powered by a groundbreaking upgrade and investor demand for precious metals, with technical indicators pointing to further upside. Meanwhile, memecoin projects like Maxi Doge are catching the attention of traders seeking high-risk, high-reward opportunities in the crypto space.
