$HYPE Nears All-Time High on Rising Volume and Deep Liquidity

$HYPE is climbing toward its all-time high with a 4.5% jump to $45.62 , backed by strong trading volume and deep ￰0￱ token is now testing a key resistance level that could determine its next major move. A wave of strong protocol developments and economic upgrades is creating new utility and demand for the ￰1￱ the outcome remains uncertain, the combination of solid fundamentals and technical strength suggests this rally has substance beyond short-term speculation.) and supports smart contracts through its integrated EVM (HyperEVM). $HYPE is used for gas, staking, and ￰2￱ HIP-3 , builders can deploy permissionless perp markets by staking 1M $HYPE tokens as a security bond and share fees with backers, further tightening token and product ￰3￱ fundamentals, Hyperliquid routes protocol fees into its Assistance Fund and HLP, which programmatically buys back $HYPE.

Analyses and on-chain data indicate that protocol revenue is split between the Assistance Fund and HLP is 54% and 46%, ￰4￱ to DefiLlama , $HYPE has a TVL of about $686M, $5.4M in 24-hour fees, and $104M in 30-day fees — reflecting steady cash flow that supports the ￰5￱ ecosystem shows sizable traction, with on-chain activity reaching over 44,000 daily active addresses in June , averaging around 33,000 in the first ￰6￱ is supported by the addition of liquid staking via stHYPE and further strengthened by Valantis’ ￰7￱ has acquired the @stakedhype protocol. Re-Introducing $stHYPE , the Modular LST: ￰8￱ — Valantis Labs (@ValantisLabs) August 19, 2025 Furthermore, HyperEVM, the Ethereum-compatible smart contract layer launched in February 2025, quickly gained traction— reaching nearly $2 billion in TVL as of mid‑July , ranking it among the top ten Layer-1 blockchains in ￰9￱ integration with HyperCore via the July 5 CoreWriter release enabled seamless DeFi composability, further driving ecosystem ￰10￱ factors provide significant distribution and liquidity advantages for the $HYPE token. $HYPE Builds Momentum as Bullish Pennant Resolves on Rising Demand The latest breakout on $HYPE reveals a technical setup that’s beginning to unfold with increasing bullish ￰11￱ signs of accumulation emerged through subtle but steady buying activity across recent hourly sessions, as shown in the footprint ￰12￱ total buy volume gradually outpaced sell volume even during periods of price consolidation, hinting that bulls were absorbing offers rather than chasing the asset’s ￰13￱ this buildup does is that it creates a foundation of demand beneath the surface — and now, price appears to be reacting. $HYPE/USDT price chart, August 25 () Looking closely into the 1-hour timeframe, $HYPE has formed a classic bullish pennant, where the token’s price tightened between higher lows and lower highs after a strong impulse leg from $42 to $47.

That consolidation allowed momentum to cool off just enough for a reset, supported by a rising 20-period simple moving average (SMA), which recently crossed back above the longer-term 100-period SMA, a shift that often signals trend ￰14￱ SMAs now sit near $45.75 and $43.70, respectively, and could act as dynamic support zones on any ￰15￱ can also confirm the pennant breakout from the volume data attached ￰16￱ only did we see an increase in raw volume on the breakout candle, but a glance at the volume footprint chart shows multiple green deltas stacking around the $45–$46 ￰17￱ there was some initial profit-taking, evidenced by minor negative delta bars shortly after the breakout, bulls maintained control without a significant retreat.

Interestingly, sellers failed to gain momentum even during attempts to push the price back below $45; those efforts were met with quick ￰18￱ indicators are playing along, ￰19￱ RSI crisscrossed around neutral during the consolidation period, but it has begun to tilt ￰20￱ MACD, on the other hand, tells a different ￰21￱ MACD has crossed above the signal line and may be gearing up for another leg ￰22￱ shifts reflect a market transitioning from uncertainty to ￰23￱ $HYPE now trading just above the former pennant resistance, the path toward the projected target near $50 appears technically ￰24￱ long as volume remains healthy and the price continues to respect the moving averages, bulls could keep the upper hand.