HYPE Price Tries to Break Above Key Resistance as Open Interest Hits $5.7 Billion
Hyperliquid's native token HYPE is attempting to recover from several weeks of corrective price action. Bulls are eyeing a breakout above the $64 resistance zone, where the token has been trading within a falling wedge.
A falling wedge pattern often signals bullish reversals as buyers gradually regain control following a pullback. Beyond the chart, Hyperliquid's development is worth noting.