Hyperliquid ($HYPE) Bollinger Bands Squeeze: Volatility Surge Imminent

The Hyperliquid ($HYPE) cryptocurrency is showing signs of a potential breakout as its Bollinger Bands squeeze on the daily chart increases pressure and volatility is expected to spike soon. Currently trading around $47.39 with a market cap of $15.82 billion, HYPE benefits from resilient buying following support near $46.00. Traders are watching for decisive directional breaks above $52 on the upside and below $38- $40 on the downside.