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The price of Hyperliquid (HYPE), the symbol born of the leading decentralized permanent trading platform, has risen more than 60% in the last three days, and technical indicators say that there is a possibility of another 20% profit as the profit process increases the demand for precious metals.
After falling from a peak of $59.46 reached in September to a low of about $20, the HYPE index rebounded, rising to $34.64 after the HIP-3 index was expanded to include precious metals trading.
This development led investors on the sidelines to participate in the fight against currency losses that caused gold and silver to register.
Hyperliquid Improvement Proposal 3 (HIP-3) provides 24/7 access to gold and silver
Hyperliquid Improvement Proposal 3 (HIP-3), also known as “perpetual contracts published by producers,” is a revolutionary change to the Hyperliquid blockchain in creating a permissionless futures market listing.
This innovation removes the legal requirements for new markets, facilitating the spread of various sectors, including cryptocurrencies, commodities, and stocks.
The index’s recent expansion into precious metals has added a dedicated traditional finance section to its basic interface, including stocks, indices, commodities and forex into a unified tab.
This combination allows investors to continuously trade gold and silver up to 20x, resulting in… Silver futures recorded $1.1 billion over 24 hours .
The 60% increase in prices corresponds to a good offer from the famous people of the traditional economy.
Cathie Wood of Ark Invest and Tom Lee of Fundstrat both highlighted the Hyperliquid platform in favor of their businesses, lending institutional credibility to the protocol’s technical approach.
Currently trading at $32.50, Hyperliquid is the 12th largest cryptocurrency with a market cap of approximately $10 billion.
Analysts believe that there is a strong incentive to recover the level of $ 40 and above.
Hyperliquid Price Forecast: RSI is approaching 70s following $40 resistance
The daily chart of HYPE/USDT is showing a short-term reversal after a long-term downtrend.
The price returned from the long-term support area near $ 25-26, the level that previously took the pressure to sell and set the basis for the recent decline.
The strong daily candle that pushed the price to $32.50 shows a new demand, especially in the retracement of the 20-day EMA, which is the first sign of a reversal.
However, the entire transport system remains carefully mixed.
The price continues to trade below the 50-day and 100-day EMA, converging around the $35-36 area, which is now forming the next major band.
This area corresponds to the area known as the “next target” and represents the first test of whether the current breakout is just a correction or represents the beginning of a major move up.
A daily close above this area would create a chance for further upside and show the level of $43-44 as an additional target, where the previous supply continued.
The power of technology supports the restoration issue.
The RSI has increased significantly from the sub-40s and is now approaching the late 60s, showing a short-term acceleration without showing any signs of further escalation.
MaxiDog Raised $4.5 Million Before Hope: Will This Be The Next Opportunity To Get 10x MemCoin’s Value?
If the price of HYPE crosses the barrier of $ 40 and continues its upward path, projects already sold e.g. Maxi Doge (MAXI) It could attract money from investors looking for a high return opportunity in a booming meme sector.
Maxi Doge is an original meme that follows the Dogecoin strategy that helped it achieve more than 10x returns during the 2023-2024 break.
The MAXI pre-sale has already collected More than $4.5 million giving participants a 70% annual bonus at the current price of $0.0002801.
The project created an alpha channel that helps traders exchange strategies and ideas, demonstrating Dogecoin’s community-building strategies that helped grow the cryptocurrency community.
Interested participants can participate by visiting Maxi Doge’s official website And connect a cryptocurrency wallet like Best Wallet.
The token is available for purchase using USDT, ETH, or direct payment by bank card.
Visit the official Maxi Doge website here
A note Hyperliquid Price Forecast: HYPE rises 60% as demand for precious metals increases and silver sales reach $1.1 billion appeared for the first time Cryptonews Arabic.
