HYPE’s Rocky Road to $56: Can It Survive the $35.65 Gauntlet?

by

The HYPE, like a weary traveler, climbed the hills of fresh highs, drawing the gaze of the DeFi crowd, its Total Value Locked (TVL) breaking records, a testament to the resilience of those who dare to stake their claims in the digital frontier. 🌾

Hyperliquid’s TVL Hits Record High, Signaling Growing Market Trust

The HYPE’s TVL, like a stubborn crop, has reached new heights, a steady climb since the dawn of 2025. The data from DeFiLlama, shared by Param, shows a surge in locked capital, a sign that both old and new farmers are tilling the same soil, seeking a harvest of trust and liquidity. 🌾

This rise in TVL, like a slow-burning fire, warms the hearts of investors, suggesting not just a rush to the finish line but a steady march toward a future where HYPE’s roots dig deeper. If this momentum holds, the platform’s growing user base could be the rain that nourishes the field, though the drought of volatility looms. 🌧️

Strong Support Test Could Set Stage for Next Leg Higher for HYPE

Following its surge to new highs, Hyperliquid now lingers above the $35.65 support, a stubborn fence in the field where bulls and bears clash, each hoping to claim the next leg higher. 🐂

This level, a psychological anchor and a structural pivot, becomes the battleground where the weak are weeded out and the strong are rewarded. Sustained strength here? A sign that the HYPE’s farmers are not yet ready to sell their harvest. 🌾

Market Rotation Pushes Hyperliquid Into Leadership Position

Hyperliquid, like a rising star, has climbed into the “Leading” quadrant, a sign that it’s outpacing its peers, not just in price but in the stability of its roots. 🌟

The move aligns with HYPE’s recent technical resilience, a whisper that the market’s favor leans toward the bulls. But beware, for the desert of volatility is ever-watchful. 🌵

Technical Outlook Points to $56 as Second Target

Building on its strong market position, Hyperliquid now tracks a bullish fractal, a pattern as old as the hills, with analyst DefiDaddy noting a clear breakout structure. The 12-hour chart shows price pushing above prior consolidation zones, a dance of higher highs and higher lows. 🕊️

The path to $50, like a winding road, is reinforced by the break of a descending trendline, a sign that the bulls are not so easily swayed. But the road to $56? A gamble as risky as a farmer betting on rain. 🌩️

Final Thoughts

With TVL breaking records and the $35.65 support standing like a fortress, the HYPE shows the grit of a pioneer, ready to march toward $56, if the market allows. 🚀

Read More

2025-08-12 03:22