HIP-3 Explosion: The Feature Driving HYPE’s Double-Digit Surge
Hyperliquid’s token HYPE has surged 23% over the previous 24 hours, pushing the value motion right into a zone that might determine the subsequent development. The transfer follows rising curiosity in HIP-3 exercise and a pointy rise in buying and selling quantity and open curiosity.
Price Reclaims, Interest Builds
After weeks of uneven value motion, HYPE swept beneath its October tenth lows, a degree that had beforehand acted as assist. The asset has since reclaimed that zone and is now buying and selling above it, hovering round $28 at press time. The space between $25 and $26 is being watched as a key reclaim zone.
According to Crypto Bully, this space sets up an “over and underneath” sample. The value moved beneath the extent, then rapidly recovered it. Holding above this zone might affirm a reversal setup. If it fails to carry, the broader downtrend might resume.
Meanwhile, latest progress in HYPE’s ecosystem is tied to HIP-3, a function launched in October 2025. It permits builders to deploy their very own perpetual futures markets utilizing Hyperliquid’s core infrastructure.
HIP-3 open curiosity reached an all-time high of $790M, pushed not too long ago by a surge in commodities buying and selling.
HIP-3 OI has been hitting new ATHs every week. A month in the past, HIP-3 OI was $260M.
— Hyperliquid (@HyperliquidX) January 26, 2026
Open curiosity tied to HIP-3 reached $790 million, in accordance with knowledge shared by Hyperliquid. That determine stood at $260 million only one month in the past. The rise has tracked with broader curiosity in commodity-linked markets, which are actually tradable on the platform. Market cap for HYPE stands at $6.6 billion, with a circulating provide of 240 million tokens.
Indicators Support Upward Momentum
Technical indicators level to a potential development shift. RSI on the each day chart is at 59. This exhibits growing energy however stays beneath overbought ranges.
MACD has flipped constructive, with the MACD line crossing above the sign line. The histogram has turned inexperienced. These indicators are sometimes watched for early indicators of directional change. The transfer additionally aligns with a break above latest consolidation.
In addition, on-chain exercise shows a latest $10.32 million OTC switch involving 465,000 HYPE. The transaction, which moved tokens from Galaxy Digital, passed off whereas consumers defended the $22–$23 zone.
Exchange knowledge from Coinglass exhibits a 166% improve in quantity and a 29% bounce in open curiosity, with complete quantity at $2.43 billion. Whales proceed to take away provide from public markets, lowering rapid promoting stress.
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