Cryptocurrency markets are experiencing a slight uptick, with Bitcoin and Ethereum attempting to reverse their downtrend. This positive sentiment has been driving gains for altcoins like Hyperliquid (HYPE), which is surging over 8%, reaching a peak of $13.77. This puts HYPE among the top performers in the market today. 8.78% growth pushes the price beyond the initial trading session’s low, now hovering at around $13.68. The surge comes as its market cap remains stable at $4.57 billion. Notably, HYPE has seen a significant increase in trading volume, with a 47.79% jump to over $73.46 million today. Will this upward momentum continue? 8.78% growth shows potential for breaking past the key resistance level of $14.90. However, HYPE could still experience a dip in price if bears regain control, potentially falling back to the previous day’s lows around $11 or even lower. On the other hand, a reversal in the downtrend could see HYPE test resistance at $14.07, igniting a bullish momentum and potentially surpassing $14.90. The MACD line is currently above the signal line with early signs of recovery, while the BBP indicator indicates a clear bull market dominance, showing potential for further price growth. However, both lines remain below zero, suggesting that overall momentum remains within a bearish zone. Finally, the RSI score sits at 56.25, indicating a neutral to positive position in HYPE’s price movement.