Hyperliquid (HYPE) price approaches the $30 resistance level: will it break through or pull back?

CoinNetwork

2026-01-07 13:08:59

Abstract generation in progress

Hyperliquid’s native token HYPE has rebounded 23% from the December 18 low of $22.55 and is approaching a critical moment near the $30 resistance level. Despite a 6.4% decline this month, active trading by savvy investors indicates bullish market sentiment, with Maven11 Capital increasing its holdings by 161,000 HYPE within 7 days, a16z crypto adding 34,000 HYPE in 30 days, and Borderless Cap also purchasing 8,300 HYPE. Trading volume over the past 24 hours reached $7 billion, with open interest close to $8.79 billion, reflecting high market engagement. Key support levels are between $24 and $25, with the (EMA) moving averages showing a positive reversal, and trading volume trending upward, indicating accumulation. Breaking above $30 could reignite an upward trend, while falling below $24 may trigger short-term weakness.

HYPE-5,39%

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