Hyperliquid Price Surges 21% in a Week, Hitting ATH as Staking Rises by 4M Tokens – Bulls Eye $50

Highlights:

• The price of Hyperliqud hits an all-time high of $45, with a 21% gain over the past week and 69% over the past month.
• Over 4M HYPE tokens staked in the past week, reducing the circulating supply and increasing demand.
• HYPE derivatives volume up by 61.93%, signalling increased market participation and bullish sentiment.

The Hyperliquid price has reached an all-time high of $45, marking a 12% surge in a single day, as the bulls demonstrate strength in the market. Its daily trading volume has soared 10% to $14.91B, indicating heightened market activity. Now, HYPE is up about 21% over the past week and 69% over the past month, indicating a bolstered bullish grip. With the recent upside movement, can the Hyperliquid price break out to $50?

Hyperliquid Price Technical Outlook

The technical side of the HYPE has a strong bullish tendency, and the token is also trading in an ascending parallel channel. The bulls have established insistent support at 39.34, aligning with the 50-day MA. If the support zone holds, the bulls are at liberty to surge further, perhaps moving towards $50 before June elapses.

The 4-hour chart outlook shows that the RSI is in a neutral range of 68.78, so it is neither oversold nor overbought. This implies that the price has not yet peaked, and the market is still responding positively to its performance. In the meantime, the Moving Average Convergence Divergence (MACD) indicator upholds a buy signal. This is evident as the MACD line has crossed above the orange signal line, tilting the odds in favor of the bulls.

The Staking Factor: A Key Driver for Future Growth

One issue vital to the development of HYPE is the increased staking of the cryptocurrency. During the last 7 days, more than 4M HYPE tokens were staked, reducing the amount of circulating supply of HYPE to a significant extent. Such a trend in staking is significant since it reduces the circulating supply of the token, which typically results in a rising force of pressure on the token prices due to increased demand.

Correlation between $HYPE price and staked $HYPE.

A clear pattern is emerging within the Hyperliquid ecosystem – one that could hint at further upside.

Earlier, when HYPE crossed $35, we observed a rapid unstaking of 5 million tokens – likely in anticipation of selling… pic.twitter.com/WUoZFVm31Y

— Holosas (@Holosas_) June 15, 2025

As liquidity increases significantly, the token has also seen a considerable rise in derivatives activity. According to Coinglass data, Hyperliquid’s volume has risen by 61.93% to reach $2.1 billion, and the open interest has increased by 16.44% to $2.08 billion. This expansion of the derivatives signifies a lively business and a contribution to the trend of engagement with the HYPE token.

Moreover, HYPE’s long-to-short ratio has hit 1.04, indicating that many traders are opening long positions, unlike the shorts. This further reinforces the bullish grip in the market. 

What’s Next for Hyperliquid Price?

With the technical readings, growing stakeholder engagement, and good derivatives statistics, HYPE remains on a path of growth. If the bulls capitalize on the support zone at $39, the Hyperliquid price could surge towards $50 new ATH. On the downside, if early profiteering commences, HYPE token may drop towards $40, $39, and $37 support zones before initiating a strong rally. However, a breach below the $39 support zone will open the door for further downside, potentially triggering panic sell-offs.

All in all, once the combination of staking, positive technical indicators, and strong market participation is put into consideration, HYPE could surge further upward. In the meantime, a close look at the increasing trading volume and a buy signal from the technical indicators may determine the next direction in the Hyperliquid price.