Hyperliquid’s native token, HYPE, has reached a new all-time high of $44.76 on June 16, continuing its consistent rally that began in April. The cryptocurrency has gained over 10.5% in the last 24 hours alone, boasting a market capitalization of $14.82 billion.
This surge has made HYPE the fifth-largest cryptocurrency by global futures open interest, trailing only XRP, Ethereum, Bitcoin, and Solana. According to CoinGlass data, the dollar value of open HYPE futures positions, both perpetual and dated, has risen to $2.06 billion.
Hyperliquid has made a solid place for itself in the decentralized derivatives space. Last week, the exchange processed 60% of the total on-chain perpetual volume of $94.3 billion as institutional funds continue to accumulate HYPE.
Despite the bullish trend, analysts remain cautious on X. Crypto trader Finsends stated that while the broader trend is bullish, a healthy pullback could be near.
Hype price outlook
On the daily HYPE price chart, the RSI currently sits in the overbought region, which often leads to a short-term correction. However, the gradient remains upward, supporting bullish momentum.
If HYPE maintains volume and sentiment, traders could see resistance around the psychological level at $50.
HYPE price chart with MACD | Source: TradingView
Bollinger Bands show that HYPE has broken above the upper band, a signal of potential overheating. Such moves are generally followed by consolidation or retracement toward the mid band (20-day SMA), currently around $37.
The MACD line has crossed above the signal line with green bars appearing on the histogram, suggesting continued bullish momentum. But any divergence or flattening could signal a loss of strength. Support level lies near $36, with any further drop leading to $32.
HYPE price chart with MACD | Source: TradingView
Snorter bot surpasses $1m presale milestone
As HYPE archives a new peak, Snorter Token (SNORT) is emerging as a noteworthy player in the utility-focused crypto space. Built around the Telegram-integrated Snorter Bot, the project is tailored for seamless meme coin sniping and trading on the Solana blockchain.
Snort: key utilities and token structure
Snorter Bot allows users to explore advanced real-time anti-scam alerts, boasting 85% accuracy in flagging honeypots and rug pulls. Its native token, $SNORT, enhances the trading experience by lowering transaction fees to 0.85% (down from the usual 1.5%).
The cryptocurrency offers staking rewards with APYs above 487%, and grants access to exclusive airdrops for the community.
Traders can execute snipes, manage portfolios, and replicate successful strategies. all within Telegram, eliminating the need for external dApps or browser tools.
The team has organized a crypto presale event, which would see an increase in SNORT price within the next 24 hours. It currently offers $SNORT at $0.0953, giving early investors a major advantage before its official launch on centralized exchanges.
$SNORT Presale Details:
- Blockchain: Solana (multi-chain support in development)
- Token: SNORT
- Total Raised: $1.03 million
Presale Price: $0.0953
Read More
- Clash Royale Best Boss Bandit Champion decks
- Mobile Legends November 2025 Leaks: Upcoming new heroes, skins, events and more
- Bentley Delivers Largest Fleet of Bespoke Flying Spurs to Galaxy Macau
- The John Wick spinoff ‘Ballerina’ slays with style, but its dialogue has two left feet
- Stocks stay snoozy as Moody’s drops U.S. credit—guess we’re all just waiting for the crash
- Bealls & Flexa: Bitcoin Bonanza at 660+ Stores! 🛍️💰
- Clash of Clans: How to beat the Fully Staffed Challenge
- Delta Force Best Settings and Sensitivity Guide
- Clash Royale Furnace Evolution best decks guide
- Millionaire Chicken Heir Johnny Ingham and Wife Rey Welcome Their First Baby!
2025-06-16 21:39