Yorkville's 15min chart sees SMA20 and SMA50 turn upward.

According to Yorkville's 15-minute chart, the price has triggered a significant shift in market sentiment. The 20-day Simple Moving Average (SMA20) and 50-day SMA have both turned upward, indicating a notable change in the market's direction. This suggests that buyers are gaining control and driving the price higher in the short-term, while also signaling a sustained upward trend in the mid-term.

Hyperliquid, a prominent player in the decentralized finance (DeFi) space, is set to activate its HIP-3 network upgrade on October 13, 2025. This upgrade will enable anyone who meets the onchain requirements to launch perpetual futures markets on the platform. The announcement was made on Hyperliquid’s Discord, where an administrator stated that the upgrade will turn on HIP-3, introducing permissionless deployment of perpetual DEXs on HyperCore by staking 500,000 HYPE tokens Hyperliquid’s HIP-3 Upgrade to Unlock Permissionless Perp Market Creation^[1].

HIP-3, which is integrated with HyperEVM, includes robust safeguards such as validator slashing and open interest limits. This upgrade is expected to enhance the platform's security and efficiency. Notably, the HYPE token has seen a significant rise in value, increasing by 13.4% in the past 24 hours to approximately $42, as per CoinMarketCap. This surge has boosted the token's market capitalization to around $14.1 billion Hyperliquid’s HIP-3 Upgrade to Unlock Permissionless Perp Market Creation^[1].

The crypto market recently experienced a leverage flush, with $19.3 billion worth of liquidations, of which $10 billion occurred on Hyperliquid. This event underscores the importance of robust security measures and efficient market management, which HIP-3 aims to provide Hyperliquid’s HIP-3 Upgrade to Unlock Permissionless Perp Market Creation^[1]. The upgrade comes at a time when market sentiment is shifting, as indicated by Yorkville's 15-minute chart. The 20-day Simple Moving Average (SMA20) and 50-day SMA have turned upward, suggesting a sustained upward trend in the mid-term and short-term price movements driven by buyers gaining control .

The upgrade is expected to bring more liquidity and market depth to the Hyperliquid platform, potentially attracting more users and increasing the overall value of the HYPE token. However, the success of the upgrade will depend on the platform's ability to maintain its security and efficiency, as well as the market's response to the new features.