Hyperliquid Reaches $20, Riding New Features and Bullish Momentum

After weeks of relative quietness, Hyperliquid has surged back above the $20 level, indicating a potential shift in market sentiment. The cryptocurrency’s price action reveals a distinct upward movement, clearly exceeding the middle Bollinger Band on the daily chart. This bullish momentum is evident in the rising RSI at 62.91. While not yet in overbought territory, this indicates increasing buying pressure and sustained interest. Despite the lack of a clear breakout, solid volume suggests underlying support for this recent rally.