Hyperliquid (HYPE) Breaks Through Resistance, Poised for Key Breakout – What Traders Need to Watch

The cryptocurrency token Hyperliquid (HYPE) is currently consolidating around $26.00 after a sharp 170% rally from its December 2024 all-time low. This impressive surge has brought the token to a crucial resistance level at $30.50, where bulls are aiming for a breakout. 80% of HYPE’s April gains were driven by market interest and technical breakouts, bringing it back above its previous high. The current price action suggests a potential breakthrough toward $30.20—the 2.0 Fibonacci extension and a psychological milestone.