Hyperliquid's daily derivatives trading volume exceeded $3 billion, HYPE broke $50 to set a new historical high! The next resistance level is $55.

On August 27, during the Asian early trading session, the native token HYPE of Hyperliquid soared to $50.99, setting a new all-time high, with a cumulative rise of 22% over the past week and a 14% increase in 24 hours. Its derivatives trading volume increased by 14.57% to $3.05 billion, while the open contracts jumped 17% to $2.33 billion, with over $1.76 million in short positions liquidated. The platform's Spot daily trading volume also set a record of $3.4 billion, showcasing a dual leading advantage in both the Spot and derivatives markets.

[HYPE price and volume soar, short positions face massive liquidation]

According to Coinglass data, Hyperliquid has performed particularly strongly in the derivatives trading market: over the past 24 hours, the volume exceeded $3.05 billion, with open interest approaching $2.33 billion, reflecting a high level of market speculation and ongoing capital inflow. Meanwhile, due to the rapid price surge, short positions valued at over $1.76 million were forcibly closed, indicating that some traders were unprepared for this breakout.

【DEX Indicators Strengthen Overall: Spot, Locked Volume, and Revenue All Reach New Highs】

On August 26, Hyperliquid announced that its Spot single-day trading volume reached $3.4 billion, primarily from the Bitcoin and Ethereum markets. The Bitcoin Spot single-day trading volume soared to $1.5 billion, making Hyperliquid the second largest Bitcoin Spot trading venue in the world (covering both centralized and decentralized platforms).

DefiLlama data further shows that Hyperliquid's decentralized exchange monthly trading volume in August has surpassed $18 billion, well above July's $11 billion; the total value locked (TVL) reached $721 million, continuing to set new highs; the annualized revenue operating scale reached $1.26 billion, indicating strong profitability and ecological expansion momentum for the protocol.

[Technical Analysis: Breakthrough Key Resistance, Momentum Continues to Strengthen]

(Source: TradingView)

From a technical indicator perspective, HYPE has clearly broken through the $49 resistance level, with good volume support. The Relative Strength Index (RSI) is at 61, indicating increased buying momentum but not yet in the overbought territory. The widening of the Bollinger Bands suggests an increase in volatility, and the short, medium, and long-term moving averages are still in a bullish arrangement.

The Commodity Channel Index (CCI) has reached 195, indicating significant upward pressure, and the MACD indicator has also entered the positive range and issued a buy signal. If HYPE can maintain support at $50, the next resistance level is around $55; if profit-taking leads to a pullback, the price may dip to the $45 area.

[Conclusion]

Hyperliquid is rapidly emerging as a leading platform in the decentralized trading space, leveraging its dual advantages in derivatives and Spot trading, a continuously innovating product ecosystem, and an ever-expanding user base. The new high in HYPE prices reflects the market's recognition of its fundamentals and growth logic. However, investors should also be aware of short-term technical correction risks and the impact of overall cryptocurrency market volatility, and participate rationally in trend markets.