HYPE Reaches New All-Time High of $44.76 with 10% Surge
Hyperliquid's native token, HYPE, reached a new all-time high of $44.76 on June 16, rising over 10.5% in the past 24 hours and achieving a market cap of $14.82 billion. Key points include:
- HYPE is now the fifth-largest cryptocurrency by global futures open interest.
- Open HYPE futures positions have increased to $2.06 billion.
- The exchange processed 60% of the total on-chain perpetual volume of $94.3 billion last week.
- Market cap rose by over $1.4 billion in the last 24 hours.
- Since April, HYPE has surged 4x in value.
Analysts note potential volatility due to intense futures activity. The daily price chart indicates an overbought RSI, suggesting a possible correction ahead. Resistance could be at $50 if bullish momentum continues. Support levels are near $36 and $32.
HYPE price chart with MACD | Source: TradingView
Additionally, the Snorter Token (SNORT) has surpassed $1 million in presale funding, targeting a total of $1.3 million. It offers features for real-time anti-scam alerts and reduced transaction fees, aiming for launch on centralized exchanges soon.
- Raised: $1.03 million
- Presale Price: $0.0953
- Blockchain: Solana
HYPE price chart with MACD | Source: TradingView