As the crypto market experiences recent severe fluctuations, Hyperliquid (HYPE), a leader in On-chain Perps, has emerged with a textbook-level independent rising trend. From a low of $34.422 at the end of March to approaching the previous high of $45.340 today, HYPE has not only outperformed the vast majority of mainstream assets but its strong technical resilience has also attracted significant institutional attention.
This article will provide an in-depth technical analysis, combined with recent macro geopolitical and liquidity environment changes, to reveal the core logic behind HYPE’s strong breakout and the trading opportunities at the current stage.
1. Technical Analysis: Perfect Bullish Alignment and Breakout With Increased Volume
By observing the daily chart for HYPE/USDC perpetual contracts, we can clearly see that capital has completed a textbook-like accumulation and upward movement here.
1. Stepwise Rise and V-Shaped Reversal
After dropping to $34.422 at the end of March, HYPE quickly stabilized and initiated a V-shaped reversal. More importantly, from April 1 to 5, the price consolidated sufficiently in the $35-36 range. Subsequently, HYPE entered a stepwise upward trend, during which there were hardly any deep pullbacks, which is a typical characteristic of an extremely strong market.
2. Moving Average System Forms Perfect Bullish Resonance
Currently, HYPE's price ($44.077) has firmly surpassed all medium and short-term moving averages. More importantly, EMA(10), EMA(40), and EMA(250) have formed a perfect bullish alignment (price > EMA10 > EMA40 > EMA250). As early as the beginning of April, EMA(10) and EMA(40) had formed a golden cross and continued to diverge upwards, providing solid technical support for this major uptrend.
3. Volume-Price Coordination and Testing Previous Highs
In the process of attempting to break through the $45 level, we observed a significant increase in trading volume (the most recent volume bar reached 290.7k, far exceeding the levels of MA4 and MA12). This "volume breakout" pattern indicates that incremental capital is accelerating into the market. The price is currently approaching the previous high of $45.340, and if a successful breakout occurs, it will open up new price discovery space above.
2. Macro and News Resonance: Liquidity Release and Retreat of Risk Aversion
The strength of the technical aspect is supported by the macro fundamentals. The dynamics in the global macro and crypto markets over the past three days have provided an excellent external environment for HYPE's rise.
1. Easing Geopolitical Risks, Risk Assets Welcome a Breathing Window
Recently, the situation in the Middle East has been like a sword of Damocles hanging over the market. However, with Trump stating that "the US-Iran war is nearing its end" and Vance restarting nuclear program negotiations with Iranian officials in Pakistan, the extreme risk aversion sentiment in the market has begun to retreat. This expectation directly led to a sharp drop in international crude oil futures (with WTI falling nearly 8% in a single day to around $91), while providing liquidity support for the rebound in U.S. stocks (Nasdaq jumping 2%) and crypto assets.
2. Global Marginal Easing Signals
On the liquidity level, the People's Bank of China has carried out a bond repurchase operation worth 500 billion yuan, injecting significant liquidity into the market. Such easing measures from major global economies are often leading indicators for the strengthening of high-elasticity assets like the crypto market.
3. Speeding Up of Institutional Waves, On-Chain Infrastructure Directly Benefits
Within the crypto industry, Kraken has secretly submitted an IPO application valued at $13.3 billion, and Goldman Sachs has applied to launch a Bitcoin income ETF that uses options strategies, indicating that traditional capital is accelerating its embrace of the crypto market. Meanwhile, Visa's deployment of validation nodes on the Tempo blockchain further confirms TradFi's recognition of on-chain infrastructure.
As an absolute leader in the decentralized perpetual contract sector, Hyperliquid is attracting this portion of overflowing institutional capital with its extremely low slippage, sub-second confirmation speed, and a completely on-chain order book mechanism. This is also why, when BTC broke through $76,000 to set a new high for February, HYPE was able to demonstrate alpha returns far exceeding the broader market.
3. Trading Opportunities and Strategy Deployment
综合上述分析，HYPE当前正处于技术面突破与宏观面回暖的共振期。对于交易者而言，这提供了一个极具盈亏比的参与窗口。
On one hand, before breaking through the previous high of $45.340, the market may experience short-term fluctuations, providing an opportunity for investors who have not yet entered to build positions at lower levels relying on the EMA(10) moving average (approximately in the $42-43 range). On the other hand, if a breakout with increased volume occurs, it can be viewed as a clear signal for right-side chasing.
It is worth noting that according to the latest on-chain monitoring data, a well-known whale “reverse whale” has reduced a short position of $3.11 million worth of ETH on Hyperliquid, but its overall short position remains significantly underwater. This passive closing of large short positions (short squeeze) often becomes fuel for pushing prices higher.
Act Now: Start Your Hyperliquid Trading Journey on AiCoin
Faced with such a clear trend, the choice of tools is equally important. As a professional data and trading platform for crypto assets, AiCoin provides you with a seamless experience directly connecting to Hyperliquid:
One-Stop Authorized Trading: No need to frequently switch apps; you can directly authorize and connect to your Hyperliquid account on AiCoin, achieving a perfect closed loop for viewing and trading.
Quick Order and Visualized Take Profit/Stop Loss: In a rapidly rising market, time is profit. AiCoin's quick order feature helps you seize opportunities, while the chart-visualized take profit and stop loss settings make your risk management more intuitive and efficient.
Actual Operation is Super Simple:
Step 1:
Open Hyperliquid BTC/USDC candlestick on AiCoin
Step 2: Find the toolbar and check the quick order
Step 3: Directly click the green "Buy Long" or red "Sell Short" → Instant transaction
AiCoin Exclusive Benefits: In this $2.1 billion short feast, if you have not yet entered the market, now is the best time. By registering on AiCoin or authorizing Hyperliquid, and binding the invitation relationship (Invitation Code: AICOIN88), you can enjoy a permanent 4% transaction fee rebate. In a macro market with transaction volumes often reaching tens of billions, this 4% will be your most stable passive income.
https://app.hyperliquid.xyz/join/AICOIN88
📖 Newbie Tutorial:
- "AiCoin PC Hyperliquid Authorized Trading Tutorial":
https://www.aicoin.com/zh-Hans/article/514197
- "Zero Basis Start! Hyperliquid First Trading Super Detailed Illustrated Tutorial":
https://www.aicoin.com/zh-Hans/article/510225
The trend does not wait for people; log in to AiCoin now and seize this round of HYPE's main uptrend!
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