Peter Smith
Hyperliquid's HYPE has become the talk of DeFi circles, and for good reason. This token has absolutely crushed it, climbing from below $20 to highs above $60 in just months. Now sitting around $55, it's showing the kind of resilience that separates real projects from flash-in-the-pan pumps. The daily chart tells a story of consistent higher highs and higher lows - exactly what you want to see in a sustained uptrend.
HYPE Keeps Climbing Despite the Doubters
What makes HYPE different is how it handles setbacks. Every dip gets bought up, every correction finds support, and the upward grind just continues. Since April, this thing has been a machine - methodical, relentless, and backed by real conviction. Trader Artommy nailed it when they said this rally is about "conviction over noise," not quick flips and FOMO buying.
The numbers back up the story too. Multiple breakout phases in June, August, and September all came with solid volume, suggesting smart money accumulation rather than retail gambling. Even with yesterday's 4.8% drop, the overall trend remains rock solid.
Why HYPE Is Actually Working
The Hyperliquid platform is gaining serious traction in decentralized perp trading, and that's driving real demand for HYPE tokens. It's not just speculation - people are actually using this thing. The community has bought into a simple but powerful narrative: ignore the short-term noise and focus on long-term value creation. This creates a feedback loop where every dip brings in more believers.
From a technical standpoint, the breakouts have been clean and confirmed. Current price sits at $55.89 with immediate resistance around $60 - a level that's been tested twice this month. Support looks solid at $52, with deeper backing around $45 if things get ugly. But honestly, the trend structure suggests buyers will step in long before we see those lower levels.
Peter Smith
