Hyperliquid (HYPE) Maintains Momentum as Price Tests $49 Resistance

• HYPE increased by 36.5 percent in seven days and the stock was at $48.18 with a steady upward trend and stable market support.
• Market capital reached 12.87B, and it was supported by 693.84M daily trading volume and 5.43B total value locked.
• The stability of prices around the level of $49.25 is a sign of high interest of buyers, which will determine the future directional movement.

Hyperliquid (HYPE) remained on its bullish trend this week as shares kept climbing and stood at $48.18 having risen by 1.8% in 24 hours. In the past seven days, the token has improved by 36.5 making its market capitalization stand at 12.87 billion.

The action indicates an active purchase, and HYPE has one of the best performances among large-capital digital assets in late October. It is important to note that the price of the token was close to a seven-day maximum of $49.25 and the support was noticed at $46.29, which indicated the market stability beyond the recent breakout points.

Strong Market Activity and Expanding Valuation

HYPE 24-hour trading volume was 693.84 million, which indicates increased trading in exchanges. The fully diluted valuation of the asset was equal to 47.54 billion dollars, and a total value locked (TVL) was 5.43 billion dollars, indicating strong network activity. The supply of HYPE was recorded as 270.77 million in circulation out of the total supply of 999.83 million. These numbers indicate a rising liquidity, which has promoted a constant increase of the token during the week.

Simultaneously, the capitalization strength of the project was added by the fact that the total treasury holding was 194,726 HYPE. The market participants noted a slow accumulation as the price momentum was changing upward and the firm base was formed above the price zone of $46.

Technical Structure Suggests Sustained Momentum

Technically, the consistent increase in HYPE on the steps of midweek lows has strengthened a bullish pattern, and the prices concentrated around the upper band. The market continued to have an upward trend since the start of the week with its price at 34 to almost 48 which indicates steady demand throughout the day. The most important level to watch was $49.25 in case there is a continuation.

Relative strength in trading pairs was also revealed by the comparison of data that revealed HYPE was more solid compared to BTC and ETH over the identical timeframe. Market participants are taking a keen interest in whether the token can continue its upward trend to the level of $50 which would signal the rate at which the next directional trend would take place.