HYPE rebounds from recent lows, struggles below $98 all-time high

HYPE, the native token of the Hyperliquid decentralized exchange, is currently seeking to regain momentum after retreating from its September peak. Traders are closely observing whether the recent recovery off local lows can spur a stronger upward move toward a new all-time high. As of the latest session, HYPE is trading at $80.14, recording a 0.33% increase during the most recent four-hour period on TradingView. Despite this uptick, the token remains below its previous record of $98. Market data shows HYPE’s open interest stands above $3 billion, indicating significant exposure to the asset remains.

Source: CoinTurk News