Hyperliquid extended in the month of April in May, when it was traded at 21.27 dollars after a daily profit of 6.6 % and a monthly climb with 54.9 %. The upscale price movement turned on the multiple time frames, where the noise is now sitting over both EMA for 21 days ($ 17.91) and 50 days SMA.
The last penetration coincided with the 19 -dollar resistance area, with a clear restoration in Fibonacci, pushing the noise above the level of 0.5 at 21.30 dollars. If the bulls can be closed above this line, then the next technical goal lies at $ 24.10 (FIB 0.382), with $ 27.56 and $ 33.16 the upper extension areas.
The momentum is still strong but not overlooked. RSI 69.5 reads, fluctuating stokestic fluctuations above 95, while MACD lines are wandering. This indicates a possible continuation, but it warns of slowing down in the short term.
Data shows more than $ 1.53 billion in USDC, which was blocked in liquid rise – an increase of $ 200 million in April alone. Nearly 57.6 % of USDC withdrawn in the definition of the liquid hyper, highlighting the dominance of the platform between Perp Dexs L2.
The height in TVL follows the completion of hyperliquid with Cypher, enabling the noise holders to spend the balance of Spot and PERP worldwide via Apple Pay and Google Pay. In addition, the launch/upgrading on May 5, providing 5 to 40 % trading discounts, sparked renewed request.
It is worth noting that 173 billion in a monthly PEP volume placed much ahead of the Dydx and GMX, and the consolidation of its place as the place of higher decentralized derivatives.
Airdrop, construction incentives add damage fuel
Market participants are also pricing in the second Airdrop season. As 38.9 % of the noise supply of society continues, speculation is escalating with the possibility of announcing new agricultural events in May.
Meanwhile, the upcoming decentralization in the upcoming PEP-3 (HP-3) lists (HIP-3) through third-party publication is on Testnet. This is the first approach to construction, which is associated with the expected launch of Hyperevm, can attract more developers’ interest and liquidity deportation.
In conclusion, the structure of HyperLeliquid is Bullish for textbooks: the price is located before all the main moving averages, the size remains fixed, and the flows climb on the chain. However, indicators flash early signs of fatigue. A failed break above 21.30 dollars may lead to a recovery about $ 19.00, and it is now a major support zone.
