The HYPE price has staged a dramatic recovery, surging over 7% in the last 24 hours to trade around $40, after a sharp dip caused by a massive $44 million whale liquidation earlier this week.
Key Highlights of the Comeback:
- Major Exchange Listings: The recovery was driven by the simultaneous Binance and Coinbase listings, which significantly increased global liquidity and market accessibility for the Hyperliquid token.
- Bullish Technicals: Following the price plunge to around $36, the rebound showed the token tested key support near the 200-day EMA ($38). Analysts are now setting the next major price target at the $51.15 resistance level.
- Institutional Interest: The dual-listing has positioned Hyperliquid as a mainstream DeFi contender. Interest is further fueled by unconfirmed reports that major firms like BlackRock and Fidelity are exploring the use of Hyperliquid's oracle feeds for upcoming ETF products.
- On-Chain Health: Data from Coinglass indicates that funding rates have flipped positive and whale accumulation has increased. The ecosystem also shows robust growth, with a 150%+ jump in Total Value Locked (TVL) and a doubling of daily active addresses since late October.
Despite the recent volatility exposing the risks of high-leverage trading, the market's swift rebound suggests strong underlying confidence and a potential further surge for the HYPE price.
November 2025, Cryptoniteuae