Hyperliquid’s HYPE token trades near $41 after reclaiming the $38 resistance level, with strong support established in the $30–$32 range. Technical indicators signal steady momentum, and the price is on an upward trajectory that could see it surpass $45 in March.
Hyperliquid’s HYPE token is trading at $41.62, showing a 4.41% increase over the past 24 hours. The coin holds above key technical levels, including its recently established support at $38 from a breakout above this area of resistance.
According to data from TradingView, the price has continued to put in higher lows, showing continued buying activity. Should momentum continue, the next key resistance level will likely be between $44 and $45. Technical indicators, including the RSI and MACD, support continued price appreciation.
A contributor to Hyperliquid named jeff.hl stated that the launch of new S&P 500 perpetual futures represents an important milestone for Hyperliquid’s ecosystem. He wrote, “Seeing official S&P500 perpetual futures launch exclusively on Hyperliquid is a validation of everyone’s past years of hard work: global access to…”
The launch reflects growing recognition of the coin’s infrastructure within the crypto ecosystem. Overall, the chart of the coin looks very bullish, with continued uptrends suggesting sustained positive gains.
