{"id":88363,"date":"2025-08-14T09:10:54","date_gmt":"2025-08-14T09:10:54","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=88363"},"modified":"2025-08-14T09:10:54","modified_gmt":"2025-08-14T09:10:54","slug":"why-is-hypes-price-up-today","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=88363","title":{"rendered":"Why Is HYPE\u2019s Price Up Today?"},"content":{"rendered":"

TL;DR<\/p>\n

HYPE rebounds from $34 to $47, with $50 as the next key resistance level to watch.<\/span>
\nOpen interest climbs 5% to $2.02B as traders position for a potential breakout.<\/span>
\nNetwork leads in fees, funding consistent buybacks that add steady demand to the market.<\/span><\/p>\n

Price Nears Previous Peak<\/h2>\n

Hyperliquid (HYPE) is changing hands at $47, edging closer to its record level around $50. The token has recovered from the $34\u2013$35 range, where it traded after a drop of roughly 20% earlier this month. It has since moved past the $44.70 area, which may act as support in the short term.<\/span><\/p>\n

Market watcher McKenna said the <\/span>move<\/span><\/a> higher has been <\/span>\u201cled by spot buying\u201d<\/span> with strong absorption from the AF. With the AF ratio above 5%, they believe selling pressure has eased. The analyst also pointed to supply sitting above $50, but expects <\/span>\u201cmore than $5 million per day in buybacks\u201d <\/span>to absorb it in the weeks ahead.<\/span><\/p>\n

$HYPE<\/a> now approaching all time highs whilst open interest had a substantial wipeout.<\/p>\n

Move up has been primarily driven by spot buying and absorption from the AF with AF ratio >5% indicating exhausted sellers.<\/p>\n

Orderbook above $50 definitely has supply sitting there but new wave\u2026 pic.twitter.com\/grdO2loT4K<\/a><\/p>\n

\u2014 McKenna (@Crypto_McKenna) August 13, 2025<\/a><\/p>\n\n

Positioning in Futures Markets<\/h2>\n

The decline earlier in August saw open interest fall by about 12%, equal to 4.8 million HYPE, as leveraged positions were cut back. Current figures remain below the highs seen before that drop.<\/span><\/p>\n

According to Coinglass, open interest has since risen 5% to $2.02 billion. The increase has come alongside the recent price rally, suggesting traders are opening new positions ahead of a potential break through $50.<\/span><\/p>\n

<\/a>Source: Coinglass<\/p>\n

Volume Growth and Market Balance<\/h2>\n

Trading volume over the past day is up 19% to $2.59 billion. Activity has been steady on the buy side, while funding rates remain near neutral across major exchanges, showing no strong bias toward long or short positions.<\/span><\/p>\n

McKenna noted that the rally has been built on spot market flows rather than heavy use of leverage, which often results in more durable price moves.<\/span><\/p>\n

Network Activity and Analyst Outlook<\/h2>\n

Crypto Aman reported that Hyperliquid has <\/span>generated<\/span><\/a> more fees than any other network over the past month, with a share of this revenue allocated to HYPE buybacks. This program continues to add consistent demand for the token.<\/span><\/p>\n

Hyperliquid topped all networks in fees generated over the past 30 days, allocating part of the revenue to $HYPE<\/a> buybacks.<\/p>\n

Are you holding $HYPE<\/a>? pic.twitter.com\/MBrhQBuJPZ<\/a><\/p>\n

\u2014 Crypto Aman (@cryptoamanclub) August 13, 2025<\/a><\/p>\n\n

Analyst Rand <\/span>suggested<\/span><\/a> that <\/span>\u201c$100 could be in play in the coming months\u201d<\/span> if current conditions hold. A move through $50 would place HYPE in new territory with little historical resistance.<\/span><\/p>\n

The post Why Is HYPE\u2019s Price Up Today?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR HYPE rebounds from $34 to $47, with $50 as the next key resistance level to watch. Open interest climbs 5% to $2.02B as traders position for a potential breakout. Network leads in fees, funding consistent buybacks that add steady demand to the market. Price Nears Previous Peak Hyperliquid (HYPE) is changing hands at $47, […]<\/p>\n","protected":false},"author":0,"featured_media":88364,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-88363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/88363"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=88363"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/88363\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/88364"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=88363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=88363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=88363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}