HYPERLIQUID (HYPE) has seen a significant rally, with its price surging from $10 earlier this year to above $35.
Indicators suggest a temporary cooling off period in the bullish market trend, despite positive on-chain reports showing more buy transactions than sells.
The recent consolidation phase near recent highs indicates continued strength, although overbought signals could lead to a short-term slowdown according to the 4-hour chart analysis on TradingView.
On-chain data supports the bullish outlook, with the price hovering above $35 and showing potential for further increase if it maintains this level, backed by increasing buy orders.