Hyperliquid (HYPE) Navigates Volatility as Strong Fundamentals Signal Potential Rebound

The Hyperliquid (HYPE) token has experienced significant price swings, dropping about 33% from its all-time high of nearly $59.43 on September 18 to a low near $39.78 before rebounding to trade above $46. This volatility has put traders on edge.

Underlying Strength in DeFi Metrics

Despite the sharp correction, Hyperliquid’s fundamentals remain robust:

• Total Value Locked (TVL) has rebounded to $2.21 billion, up 2% in 24 hours and well above last week's low, suggesting capital is holding steady.
• The protocol generates significant revenue, with daily fees averaging $3.94 million and revenues at $3.18 million, maintaining its leading position in decentralized perpetuals.
• Cumulative trading volume stands at a staggering $84 billion, further solidifying its relevance.

Market Confidence and Technical Outlook

Market confidence appears stable, with Hyperliquid futures' Open Interest (OI) stabilizing near $2.3 billion. This steady engagement suggests traders are not panicking, which could allow the price to gradually move higher.

Technically, HYPE is currently positioned between the 100-day Exponential Moving Average (EMA) at $44.05 and resistance at the 50-day EMA near $47.57.

• Bullish Scenario: A decisive break above $47.57 could pave the way for a retest of $50 and further upside.
• Bearish Scenario: A drop below the 100-day EMA at $44 could signal deeper losses, with the 200-day EMA at $37.29 serving as the next major support level.

The token's dominance and its steady buyback program are factors that could sustain the bullish momentum, though the technical chart indicates a critical juncture.

September 2025, Cryptoniteuae