Update
Hyperliquid (HYPE) Volume Surges 680%
Hyperliquid's HYPE cryptocurrency has seen a significant volume spike, jumping more than 680% across major exchanges. The price has recovered to above $91, raising questions about potential future rallies. Futures trading volume has reached $13.47 billion, while spot volume is around $1 billion. Binance leads trading activity with $3.89 billion in daily volume, a 789.13% increase. The native exchange recorded $3.06 billion in daily volume, reflecting a 738.72% jump. Open interest currently stands at $4.02 billion, indicating heavy participation in the derivatives market. The latest bullish candle comes with a significant volume spike, suggesting growing market participation. The Relative Strength Index (RSI) has climbed toward 65, signaling strengthening momentum without entering traditionally overbought territory. Immediate resistance sits between $94 and $98, where selling pressure appeared previously. A decisive breakout above this zone could open the door toward the psychologically important $100 level.