Hyperliquid Records Historic Trading Volume as HYPE Approaches All-time High
Hyperliquid achieved unprecedented levels of trading activity, with a 24-hour volume of $29 billion and $7.7 million in fees. The declaration came via an Aug. 15 post on X.
HYPE,Hyperliquidâs native token,now sits at $48.57, representing a 19% surge within a week. it is only 1.1% shy of its record high of $49.75 from July 14.
Data from DefiLlama reveals Hyperliquidâs total value locked rose from $460 million to $610 million since mid-July. Monthly USD inflows skyrocketed from $21.35 million in June to $349.27 million in July.
- Circle announced plans to integrate USDC and CCTP V2 on Hyperliquid.
- Anchorage digital Bank will now offer custody services for HYPE through HyperEVM.
The technical outlook is promising. Moving averages across different periods indicate a buy trend.The RSI is at 63, offering room for upward movement before becoming overbought. The MACD shows positive momentum, and stochastic readings of 87.81 suggest continued enthusiasm among buyers.
The Bollinger Bands are constricting,typically a prelude to a breakout. A firm close above $49.75 could push prices toward $55, with an initial resistance at $52.
For those monitoring support levels, $45 remains meaningful, with stronger demand zones around $42, aligning with the 20-day EMA and mid-bollinger band.
