Hyperliquid targets $58 resistance as retail demand strengthen

Key takeaways

• Hyperliquid gained 2% on Thursday after advancing nearly 3% in the previous session.
• Hyperion DeFi’s HYPE holdings recorded a $31 million fair-value increase during the second quarter.
• HYPE futures Open Interest rose more than 4% to $2.38 billion, while trading volume jumped 45%.

Hyperliquid (HYPE) extended its recovery on Thursday as sustained corporate demand and improving derivatives activity supported bullish momentum.

The token gained approximately 2%, building on its nearly 3% advance during the previous session. HYPE is now approaching its 50-day Exponential Moving Average (EMA) near $58.37, which represents the next major obstacle to further gains.

A decisive break above this level could allow Hyperliquid to target the $62.58 supply zone.

Corporate treasuries maintain strong HYPE exposure

Corporate interest in Hyperliquid remains firm, with HYPE-focused digital-asset treasuries increasing their exposure while benefiting from the token’s rising market value.

Hyperliquid Stra...