Hyperliquid (HYPE) is approaching a potential breakout as market participants anticipate a move towards or even surpassing previous highs.
Fundamentals have strengthened with on-chain activity, revenue, and TVL showing an upward trend.
Hyperliquid is consolidating just below $40, with strong metrics including processing over $220B monthly volume and TVL surging past $1.8B.
While a breakout is imminent as Hyperliquid forms a symmetrical triangle pattern, caution is advised as the MACD indicator shows a cooling momentum around the $41 resistance.