Hyperliquid (HYPE) Jumps 76% in 2 Weeks as HIP-4 Launch Nears — Is More Upside Left?
Hyperliquid (HYPE) has surged 76% in two weeks due to anticipation for the HIP-4 launch, but analysts suggest the price increase hasn't fully reflected market sentiment.Summary
Hyperliquid's (HYPE) price has experienced a significant rally, increasing by 76% over the past two weeks, driven by excitement surrounding the upcoming HIP-4 launch and its fully collateralized outcome contracts. Despite this strong performance, social dominance remains relatively low, suggesting the rally hasn't attracted widespread retail attention, which could support trend sustainability. Derivatives data indicates strong bullish exposure, with a significant imbalance of long positions. While the price could potentially reach its all-time high, risks remain, particularly around the $26 level, where substantial liquidations could occur. Currently trading near $36, HYPE is still 60.5% below its ATH, and reclaiming $42 and $47 as support could confirm further upward momentum.
(Source：BeInCrypto)