Hyperliquid’s HYPE token broke a key resistance level on March 10, signaling a potential bullish shift. Technical indicators, including an RSI of 62.66 and a bullish MACD crossover, support the breakout. The platform also expanded its offerings by launching spot trading for Zcash, adding a privacy-focused asset for its users.
The Hyperliquid (HYPE) token broke above a key horizontal resistance level on Tuesday, March 10, indicating a potential shift in market structure. The level that previously capped price action is now turning into support, a technical development that signals strengthening buyer control.
If HYPE continues holding above this newly flipped support zone, the breakout is likely to remain valid. Sustained acceptance would reinforce upward momentum, positioning the asset for a potential move toward the next major resistance target near $39.
The Relative Strength Index (RSI) is currently at 62.66, indicating strong bullish momentum while remaining below overbought territory. The Moving Average Convergence Divergence (MACD) indicator also confirms a bullish view, with its line crossing above the signal line.
Separately, Hyperliquid officially launched spot trading, deposits, and withdrawals for ZCASH (ZEC) on Monday, March 9. This expansion supports unshielded ZEC addresses, allowing for transparent transactions between the platform and other wallets.
As stated by Unit, “Spot ZCASH deposits, withdrawals and trading are now officially live on Hyperliquid.” The addition of ZEC provides users access to liquidity for the privacy-focused cryptocurrency directly on the platform.
