Hyperliquid Trading Volume Increased by 680%, Price Rose to $91.41

Trading activity for Hyperliquid (HYPE) has surged dramatically, with volumes increasing by over 680% on major exchanges, and the price rising above $91. According to CoinGlass, HYPE is trading around $91.41, up 15.22% over 24 hours. Futures volume reached $13.47 billion, while spot volume is about $1 billion. Binance leads with $3.89 billion in daily volume (+789.13%), and Hyperliquid's own exchange follows with $3.06 billion (+738.72%). Open interest is currently $4.02 billion: this is significant for the derivatives market, but sudden price reversals could lead to liquidations.

On the daily TradingView chart, HYPE has recovered from lows around $75 and climbed back above several key moving averages. The latest bullish candle is accompanied by a noticeable volume spike, indicating growing market participation. The RSI has risen to 65, showing strengthening momentum without reaching overbought territory. The nearest resistance is $94–98, where seller pressure previously appeared; a breakout above opens the path to $100. If momentum doesn't hold, a pullback to $85 and then to support around $80 is possible.

Derivative flows appear less confident than the price: according to CoinGlass, liquidations amounted to about $32.57 million over 24 hours, and the net futures outflow over 12 hours was $50.28 million. The increase in volumes, improvement in technical indicators, and renewed market interest support a cautiously positive outlook on HYPE. The key level is the $94–98 zone: a confirmed breakout will determine the next direction.