Hyperliquid jumps 13%, breaks KEY level – Will HYPE rally to $50?

Key Takeaways

What triggered Hyperliquid’s recent 13% price surge?

 Robinhood’s spot listing reignited investor interest, driving up trading volume and whale activity.

What could push HYPE to the $50 level? 

Continued whale accumulation and strong network activity may sustain bullish momentum toward the $50 resistance.

Hyperliquid [HYPE] is back on a bullish trend once again. The token prices have surged by 13% in the past 24 hours, at press time, reclaiming investor attention after Robinhood added it for spot trading.

The development has sparked immediate activity, replicating the gains seen during previous listings on Bitrue and Kraken.

Rising whale interest and trading activity after the listing

Each new exchange listing tends to boost investor confidence in HYPE, and Robinhood’s recent addition was no exception.

By making the token more accessible, it attracted both retail traders and whales. Trading volumes surged rapidly, with spot market activity intensifying across multiple exchanges.

Source: CryptoQuant

Hyperliquid whales and institutions are flowing in with the listing. According to the recent CryptoQuant’s on-chain data, HYPE whales are moving funds and opening new positions.

After a long duration of whale activity, the big players now seem active than ever. Many are betting on a short-term continuation, while others view the development as a vote of confidence in Hyperliquid’s broader ecosystem.

Either way, momentum is clearly building on the daily price chart.

Source: CryptoQuant

Long-term indicators point to a conditional breakout

On the daily chart, the tremors of the above positive development are evident. After a consistent bearish run, HYPE’s price action seems to be shifting.

The altcoin has been accumulating momentum over the last week. The buying pressure has pushed the altcoin above the current 200-day EMA. This affirms the long-term bias as bullish.

At press time, HYPE prices were testing the 50-day EMA at $40.33. If the price manages to push past the 50-day EMA resistance, the short-term bias could turn bullish.

The move will now instill full confidence among the current accumulating whales to hold their position until the next psychological resistance at $50.

Source: TradingView

What is ahead for HYPE?

If whales keep accumulating positions and network activity remains strong, HYPE’s bullish momentum could persist, potentially driving the price toward the key $50 psychological level.

However, given the fast-moving nature of the market, investors and traders should remain cautious, as sentiment can shift rapidly.