The Hyperliquid (HYPE) price is inching close to its all-time high at $35 after maintaining consecutive higher highs and lows, expected to trigger a 30% upswing in the next few days.
The increase in open interest for HYPE indicates a positive sign of new money entering the market, suggesting greater market participation and liquidity.
Technical analysis suggests that the HYPE price is likely to maintain an ascending trend towards reaching new highs, with indicators such as DMI, ADX, and RSI supporting a bullish continuation.
The price of Hyperliquid (HYPE) is anticipated to enter the discovery phase and potentially reach $42.15, marking new highs for the current price cycle.