After weeks of lateral movement, hyperliquid recovered the level of $ 20, suggesting a possible change of momentum.
A distinct rebound above the Bollinger middle band can be seen on the daily graphic, the price now testing the upper strip. The relative resistance index is 62.91, showing an upward impulse but not yet in exaggerated territory. Although there has not yet been a clear break, a regular volume indicates that the recent movement has a strong support.
The divergence of mobile average convergence is in a purchase area, and the hyperliquid (hype) is still negotiated above the 50-day mobile average. Overall, the momentum is gradually increasing, but the majority of oscillators are still neutral. If the bulls can contain more than $ 20, the following lens may be between $ 21 and $ 22. Rejection at the current levels could however bring the price to the $ 18 area.
This rebound coincides with an increase of 12% of the open interest in the token, in accordance with Coinglass data. The volume of negotiation for April was $ 4.01 billion, a little more than the $ 4 billion for March. At 289 million dollars, the total locked value is even more than 50% lower than its summit in February, which represents around $ 700 million, according to Defillama Data. A decrease in user confidence or capital rotation may be indicated by this sharp decline, associated with a slowdown in stablecoin entries.
Recent hyperliquid updates can explain part of the renewed interest. On April 21, he joined Cypher, a web payment gateway, allowing users to spend both spot and perpetual sales at more than 100 million merchants worldwide. The Cypher card can be used in more than 150 countries and supports Apple and Google Pay. A Stablecoin Testnet wrapped, Whusdc, has also been put online.
For the future, Hyperliquid will deploy a new cost and ignition system on May 5. Users who will threw media can earn discounts ranging from 5% to 40%. The punctual and perpetual volumes will be counted together, with a weighted double by the volume of spot.
Hyperliquid will also allow linked implementation and trading accounts, a new feature that adds flexibility but cannot be canceled once. The question of whether the media threshing is greater than $ 20 can depend on how traders react to these changes.
