Hyperliquid (HYPE) is attempting to recover from recent weakness as buyers defend key support, while a sustained rebound could restore bullish momentum. Meanwhile, the platform leads major crypto protocols in holder revenue, highlighting its strong revenue generation compared with competitors.
As of now, according to CoinMarketCap data, Hyperliquid is trading at $79.99, with a decline of 2.26% over the past 24 hours and 8.57% over the past week.
HYPE Price Analysis: HYPE Eyes $88 as Support Holds
Crypto analyst BINANCE KILLERS noted that Hyperliquid is showing signs of recovery after finding support near $79.50, following a rejection around $97.00. The price action suggests buyers are defending the rising trendline, which could help HYPE regain upward momentum if support holds.
If HYPE remains above this trendline, the next potential upside targets are between $86.00 and $88.00. A move into this range would signal a recovery from recent weakness, although sustained buying pressure would be needed to extend the gains.
However, a break below the rising support could weaken the bullish outlook and expose HYPE to further losses. In that scenario, the price could decline toward the $76.00–$75.00 zone, making the trendline a key level to watch in the near term.
Hyperliquid Leads Crypto Protocols With $71.7M in Monthly Holder Revenue
The data from Hyperliquid Daily shows that Hyperliquid ranked first among the listed protocols in holder revenue over the past 30 days, generating $71.7 million. This placed it well ahead of Papertrade and Pump.fun, highlighting the difference in reported holder revenue among the leading protocols.
Papertrade ranked second with $33.9 million in holder revenue, followed by Pump.fun at $29.9 million. Tron secured fourth place with $23.9 million, while StonkFun generated $10.8 million during the same period.
Uniswap recorded $10.1 million in holder revenue, followed by Pons at $8.1 million and Aerodrome at $7.9 million. Ethereum generated $6.5 million, while Sky reported $5.9 million, placing both protocols below Hyperliquid in the reported ranking.
Hyperliquid’s reported holder revenue was more than twice Papertrade’s total. However, the ranking alone does not explain the differences in revenue generation or indicate how these figures may change in the future.
