Hyperliquid $HYPE continues to see elevated activity as the platform maintains a leading position in on-chain perpetuals trading. From a technical perspective, price action is currently consolidating with support established in the $28–$30 range, indicating consistent buyer interest at those levels. Immediate resistance is observed between $35–$38, which remains the key area for a confirmed bullish continuation if reclaimed with volume.
Sustained trading volume and the protocol’s fee-based buyback mechanics continue to influence short-term momentum, contributing to heightened volatility. Market participants will likely monitor the resistance range closely for a decisive breakout or further consolidation.