Hyperliquid (HYPE) is gaining momentum to challenge its all-time highs, fueled by a recent Bybit listing boosting visibility and access for retail traders.
Technical analysis indicates a breakout above key resistance levels, with a potential price target of $60 if HYPE maintains support above $42.
Despite the price increase, funding rates for HYPE remain affordable, signaling healthy market sentiment and the potential for further growth.
Smart money is flowing into Hyperliquid, with significant deposits and buy orders placed, suggesting growing confidence in the project as technical indicators point towards a $50 target.