Hyperliquid HYPE Price Surges 30% to $30 on Bullish Crypto Trend

The crypto markets are experiencing a bullish trend, with Bitcoin's price surging to a new all-time high above $110,000. This surge has fueled optimism across the market, with Ethereum also seeing a significant increase of nearly 8% in just 24 hours. The market's reaction in the next 24 to 48 hours will be crucial in determining whether the current uptrend continues or faces a temporary pullback.

One altcoin that has been gaining significant attention is Hyperliquid (HYPE). The HYPE price has been maintaining a steep ascending trend after rebounding from the lows below $10. It has been riding a powerful uptrend, hitting fresh monthly highs with surging volume and rising social buzz. The HYPE price is expected to trigger a 30% upswing in the coming days and mark new highs.

The HYPE price is marching strongly past $30 after breaking above the consolidated zone around $25. This rise reflects a massive increase in trader’s confidence as whales and influencers are stacking, fueling a blend of retail FOMO and deep-pocket conviction. As the price surged, the Open Interest of the token also marked new highs, reaching over $1.1 billion. An increase in open interest suggests that new money or capital is entering the market, potentially signaling a continuation of the current trend. It also indicates that more traders are actively holding positions in a particular market. The higher open interest is considered a positive sign as it indicates greater market participation and liquidity.

The historical chart of HYPE suggests the price is strongly heading towards the highs as it is working hard to secure the highs above the 0.786 FiB levels at $29.64. A daily close above this level is expected to keep up the trend, as the technicals also point towards a bullish continuation. The DMI has displayed a bullish divergence while the ADX is heading towards the upper threshold. Meanwhile, the RSI, which was consolidating along the upper threshold, is rising into the overbought zone.

This suggests the Hyperliquid (HYPE) price is poised to maintain a healthy ascending trend and test the ATH at $35. With this, the price is believed to enter the discovery phase and eventually reach the 1.2 FIB at $42.15, marking new highs for the current price cycle.

The recent bullish sentiment in the crypto market has led to a resurgence of meme coins, with Dogecoin and Pepe experiencing substantial gains. This trend has fostered an upbeat sentiment across the crypto sector as investors anticipate another bull run. Experienced investors are turning their attention to smaller-cap meme tokens, which have the potential to offer exponential growth during bullish market conditions.

One popular meme coin expert has identified three high-potential cryptocurrencies that could see life-changing returns during this year’s bull run. The first on the list is MIND of Pepe, which combines viral meme culture with advanced artificial intelligence. It offers a self-evolving AI agent designed to act as a round-the-clock crypto assistant for holders, scanning everything from on-chain data to social media sentiment. MIND of Pepe’s AI agent is already live and can autonomously share insights, post on social media as a digital persona, and even deploy brand-new tokens on Ethereum without human involvement. Early buyers have only 10 days left to purchase MIND tokens at a presale price of $0.0037515. Buyers can also stake their MIND tokens for dynamic APYs of up to 236% via the project’s staking portal. MIND of Pepe plans to deliver even more utility through its upcoming token-gated terminal, which will give MIND holders exclusive access to AI-powered trading analytics. If this project goes viral in a full-blown bull market, a 100x or even 1,000x run isn’t out of the question.

MoonBag is another community-driven meme coin that offers high staking and referral rewards to its community. Following its public listing, MoonBag remains a tiny-cap token, trading at roughly $0.0000085 and valued at just around $250,000 in total market cap. Over the past couple of weeks, MoonBag has surged by about 285%, fueled by renewed market-wide confidence toward meme coins. This growth has coincided with a rising number of holders, now around 8,000. The project’s branding and focus on community-building are working in its favor, attracting new holders daily because of its “moonshot” spirit. During a broader meme coin bull run, MoonBag could rally because of its viral branding and growth potential.

PeiPei leverages the beloved Pepe the Frog meme, blending it with Chinese art and humor to create a unique aesthetic. Per the meme coin’s roadmap, PeiPei wants to offer an experience or “vibe,” inviting users on an exciting journey through the crypto meme space. This cultural crossover gives PeiPei niche appeal and explosive potential, especially across Asia’s vast meme-loving internet user base. PeiPei’s total market cap has been hovering around $20 million, making it a modestly-sized meme coin by current standards. However, it’s gained roughly 28% in the past few weeks. PeiPei’s addressable market will be enormous if this meme coin gains mainstream attention. By tapping into Asia’s thriving online meme culture, PeiPei aims to achieve the global virality that its predecessor Pepe did. Because of its unique positioning, analysts are backing PeiPei to follow Pepe’s footsteps, potentially achieving a 500x to 1,000x return when the next meme coin frenzy starts.