HYPE Soars 20% After HIP-4 Prediction Market News

Key Insights:

• HYPE price jumps over 20% following HIP-4 update introducing prediction-style on-chain trading.
• Volume tops $5B in early February, the highest since July, showing increased market interest.
• Technical indicators confirm breakout, with RSI above 70 and MACD momentum building further upside.

HYPE, the native token of Hyperliquid, has gained over 20% in a strong move linked to the platform’s HIP-4 update. The token was priced at $36.71, up 17.3% in the last 24 hours. Over the past week, HYPE has risen 31.6%, placing it among the top-performing assets by market cap.

The HIP-4 rollout adds on-chain prediction trading to the platform. This system allows traders to set risk levels before entering positions. It removes standard liquidation rules and adds more control for users. The update builds on Hyperliquid’s existing futures trading system by expanding to options-like instruments.

Volume Growth Follows Price Rally

Coinglass data shows a sharp rise in trading activity. Volume on Hyperliquid passed $5 billion in early February. This marks the highest volume seen since July. The price rally has followed the same path, with HYPE reaching above $40 before a slight pullback.

This level of volume suggests rising interest. Traders have re-entered the market after a long quiet phase. One market participant said, “It’s drawing new eyes, but whether it stays active remains to be seen.”

Open interest in HYPE contracts has also increased. The addition of prediction markets seems to have helped. More users are now using Hyperliquid to manage positions beyond standard futures.

Chart Data Supports Uptrend

The HYPE/USDT daily chart shows a clean breakout above $34. Price action confirms strength after pushing past resistance. The RSI is now at 70.56. This places the asset in the overbought zone. While this may cool short-term moves, it reflects current demand.

MACD readings support the rally. The MACD line is at 2.234, well above the signal line at 1.058. Histogram bars continue to grow, showing strength in momentum. Traders are watching $40, $45, and $50 as near-term levels.

Market Outlook Remains Active

The wider crypto market is also moving higher. Total market cap is now $2.65 trillion after a 2.9% daily increase. Bitcoin trades above $78,000. Ethereum is above $2,300. These moves may be supporting interest in mid-cap tokens like HYPE.

With HIP-4, Hyperliquid shifts closer to becoming a multi-product trading platform. The rollout introduces more tools for both short-term and advanced traders. Market participants say this could bring more activity over time.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.