HYPERLIQUID (HYPE) Holds Above $35 After Massive Rally, Technicals Signal Bullish Trend

• Despite a strong jump of more than 250% from $10 earlier this year, HYPE now trades above $35.

• Although the indicators are indicating a temporary cooling, its market is still bullish.

• On-chain reports are positive, with more buy transactions than sells.

After a long, choppy climb that began in late March, HYPERLIQUID (HYPE) has now settled into a consolidation phase near recent highs. The latest 4-hour chart from TradingView hints at continued strength, though overbought signals may cool things down in the short run.