The price of Hyperliquid (HYPE) has increased by over 13% in the past 24 hours, bringing its market cap above $8 billion and making it the 22nd largest cryptocurrency. The trading volume has also risen by almost 40% to nearly $300 million. The Hyperliquid Directional Movement Index (DMI) chart shows a strengthening trend, with the ADX value increasing to 22.5. The +DI, which represents bullish pressure, has risen significantly, while the -DI, representing bearish pressure, has dropped. The Relative Strength Index (RSI) is at 62.5, indicating bullish sentiment. Hyperliquid recently formed a golden cross, and if the positive trend continues, the price could rise further. However, there is a fundamental support level at $24.36 to prevent further declines.



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