HYPE Price Eyes $64 Breakout as Interest Hits $5.7 Billion

Hyperliquid is catching eyes again as the HYPE token attempts to push past its recent slump. After weeks of steady declines, the price is testing a critical resistance level at $64. If buyers can maintain this momentum, it could signal a strong shift in market sentiment for the asset.

The technical outlook shows HYPE moving within a falling wedge pattern. Traders often watch this formation because it frequently precedes a change in direction from bearish to bullish. As the selling pressure cools down, buyers are stepping in to test the strength of the current trend.

Market data shows that open interest has climbed to a massive $5.7 billion. This surge indicates that a large number of participants are actively betting on the next move. Investors are now watching the $64 mark closely to see if the token can clear this hurdle or if the resistance will hold firm.