While new developments in the crypto market are taking place at any moment, the latest update of the Hyperliquid ecosystem continues to attract investors. Hype Token, Hyperliquid EVM’nin main network with the launch of 10 %of the attention attracted attention. So, will this rise be permanent or a short -term acceleration?
Hype Coin Hyperevm launched with the launch of the rise
The launch of Hyperliquid EVM (Hypevm) in the main network allows the network to improve the general functionality of the network and enable them to develop more innovative smart contract. This update has created a great moment for Hype Token, while making transactions more efficient.
After this launch, the price of HYPE increased by 10 %and rose to $ 27.32. However, after the sudden rise, there was a sharp correction and the price fell to $ 26.48. According to CoinMarketCAP data, the transaction volume increased by 70 %to $ 166,02 million and the market value increased to 8.84 billion dollars.
Will the Taurus trend continue for Hype?
It is a matter of curiosity whether the price will be sustainable after this rapid rise. Technical analysis indicators indicate that the interest of investors continues, while the RSI level reaches 84 points to the extreme purchase zone.
Analysts expect the price to fluctuate in the range of 25-27 dollars, while HYPE may rise up to $ 30 if the resistance of $ 28.38 can rise up to $ 30. However, the lack of support levels can withdraw the price up to $ 22.5. In short, it is necessary to be careful for HYPE at a time when the volatility is high.
Hyperevm launch and the future of Hype
The Hyperliquid EVM update is seen as part of the expansion strategy of the Hyperliquid ecosystem. The sudden rise of the price after the launch shows the interest of investors to the project. However, in order to be permanent at these levels, market conditions must be supportive.
Hype continues to stand out as one of the rare subcoins that are relatively less affected by the decreases in the general crypto market and not to disappoint investors. The continuation of improvements and ecosystem expansion can provide strong price support for HYPE in the long run. It is of great importance that investors are more careful in this variable market and follow the critical levels carefully.
