Hyperliquid (HYPE/USD) Surges 82.36% Year-to-Date
As of June 16, 2025, Hyperliquid (HYPE/USD) has surged by approximately 82.36% since the beginning of the year. The price climbed from around $23.90 on January 1 to a recent high of $43.59, marking a gain of nearly $19.69 over 166 days. The price action shows strong upward momentum, especially after a mid-April breakout above the 50-day Exponential Moving Average. Since then, Hyperliquid has maintained a steady climb, breaking past previous resistance levels and nearing a new yearly peak.
Bullish Pennant Pattern Signals Potential Breakout
On June 15, 2025, X user @Obesepotato_hl (obese.potato.pip) shared a chart showing a bullish pennant forming on the HYPE/USDT pair. The pattern appeared after a sharp upward move and now shows tightening price action within converging trendlines. The price hovered near $40.59 at the time of the post.
The user captioned the post, “Bullish pennant spotted on hype chart hype going $50 longing here with 100x.” This suggests they expect a breakout continuation toward the $50 mark. The chart includes a textbook pennant diagram and an upward arrow projecting a bullish move. The structure matches a classic bullish pennant.
Hyperliquid Faces Elliott Wave Exhaustion Signal, Analyst Warns of Sharp Reversal
Menwhile, X user @Akali_Crypto shared a long-term chart of Hyperliquid (HYPE/USD), suggesting that the asset may be nearing the end of a complex Elliott Wave structure. The chart identifies a full W-X-Y-X-Z corrective wave, with HYPE trading around $42.14, just below a projected resistance zone between $45.05 and $51.15—the 161.8% Fibonacci extension.
Hyperliquid Surges 330%, Crosses $2B TVL, Nears All-Time High
Hyperliquid (HYPE) soared by 330% from its April low. The token’s market capitalization has reached $13 billion, while its fully diluted valuation climbed to $40.75 billion. DeFi Llamadata confirms that Hyperliquid’s layer-1 chain has surpassed $2.01 billion in total value locked (TVL), marking a 70% jump over the past 30 days. This rapid growth has made it the 11th largest blockchain network, overtaking Cardano, Hedera Hashgraph, and Near Protocol.
Hyperliquid RSI Approaches Overbought Zone in June
As of June 16, 2025, Hyperliquid’s Relative Strength Index (RSI 14) stands at 68.97, just below the overbought threshold of 70. The RSI has remained above the 50 level since early April, indicating persistent bullish momentum throughout Q2.
Hyperliquid SMI Maintains Bullish Momentum in June
As of June 16, the Stochastic Momentum Index (SMI) shows the main line at 60.95, above the signal line at 56.47. This crossover indicates bullish momentum, as the faster-moving SMI line stays above the slower signal line.
Hyperliquid MACD Holds Bullish Crossover Despite Weak Momentum
Meanwhile, Hyperliquid’s Moving Average Convergence Divergence (MACD) indicator remains in bullish territory. The MACD line (blue) is at 3.459, still above the signal line (orange) at 3.170. This alignment indicates sustained positive momentum, though the gap between the lines has narrowed in recent days.