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Hyperliquid price prediction: is $100 next after HYPE hit new ATH?

  • Hyperliquid price is at $37 after hitting an all-time high above $39.
  • The HYPE token is up amid massive buying pressure.
  • Key on-chain metrics suggests the decentralized perpetual trading platform could explode to target $100.

Hyperliquid (HYPE) price reached its all-time high above $39 on May 26, breezing to the peak amid massive buying pressure.

HYPE has outpaced Solana and Cardano in recent performance.

Per market data, the decentralized perpetual trading platform recorded daily trading volume exceeding $426 million as HYPE reached a new all-time high.

This marked a significant increase from the $292 million logged the previous day when the token was trading around $34.

The layer 1 blockchain also managed other milestones across its ecosystem, with the price surge helping the total value locked jump to a new high.

Open interest also rose as HYPE’s uptrend continued to attract attention, while other on-chain metrics such as stablecoin market cap pumped to a record high.

Hyperliquid and key network growth

As noted above, on-chain metrics for Hyperliquid are pointing to potential upward continuation amid broader market moves.

Per Coinglass data, the open interest in the HYPE token has jumped to $1.41 billion.

OI hovered around $900 million last week. This represents an all-time high for OI in the token that traded to lows of $3.20 in late November 2024 and is up an impressive $1,061% since then.

The rebound as the altcoin reached its ATH was even bigger.

This positions HYPE for a potential breakout, as fear of missing out on one of the cycle’s top-performing altcoins draws in new buyers.

Whales have recently shown confidence in the long-term price of HYPE, and DeFiLlama shows the Hyperliquid 1 TVL has topped $1.75 billion.

The platform has seen daily revenue hit $1.87 million, while DEX and perps 24-hour counts stand at $509 million and $6.9 billion, respectively.

Meanwhile, the stablecoin market cap across the platform has grown to over $3.62 billion.

HYPE price prediction

While Hyperliquid’s token has traded to lows of $36.14, as the area around $38 looks to offer bears an advantage, analysts are bullish about HYPE.

The surge to a new ATH has moved HYPE off the lows seen amid negative sentiment earlier in the year.

If bulls break above $40, could another leg up bring the much-desired $100 mark into view?

A rally for HYPE amid price discovery could see bulls target the psychological mark, in this case, catalysts including altcoins breakout and fundamental interest in the DEX and perps platform.

On the downside, key support levels could be around $32 and $26.

The post Hyperliquid price prediction: is $100 next after HYPE hit new ATH? appeared first on CoinJournal.

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Cardano gains 11% in May, but weak derivatives data hint at looming pullback

  • ADA is currently priced at $0.7677, down 0.04% in the last 24 hours.
  • A bullish MACD crossover has formed, supporting short-term upside.
  • ADA futures open interest dropped 0.43% to $920.12 million.

Cardano (ADA) has recorded an 11% monthly gain so far in May, buoyed by a technical bounce from the $0.72 support level.

However, underlying market indicators raise caution.

Despite recent bullish momentum, ADA continues to struggle within a tight trading range and faces potential bearish pressure from weakening derivatives data.

At the time of writing, ADA is priced at $0.7677, reflecting a minor 0.04% decline over the last 24 hours.

Cardano price
Source: CoinMarketCap

On the 4-hour chart, ADA rebounded from the 200-period exponential moving average (EMA) at $0.74, climbing toward a short-term resistance level of $0.7745.

This movement marks the latest attempt to retest the $0.84 resistance zone, which Cardano last approached on 13 May and 23 May.

Yet, the upside move has been met with hesitation.

The token remains stuck between the key $0.72 and $0.77 levels — a range that analysts are closely monitoring as a “no-trade zone” due to limited directional clarity.

Mixed technical signals

Currently, ADA is consolidating above the 200-day EMA, with the moving average structure offering some near-term support.

The MACD indicator has formed a bullish crossover, further confirmed by positive histogram bars.

This setup suggests that buyers still maintain some control over short-term price action.

However, not all technical signals are aligned. A bearish crossover between the 50- and 100-day EMAs is beginning to form.

If ADA breaks below the 200-day EMA, this crossover could result in a “death cross” scenario — a historically bearish technical pattern that often signals extended declines.

Cardano’s ability to maintain momentum will likely depend on whether it can break through the $0.77 resistance barrier.

A successful breach could lead to a rally back toward the $0.84 level.

In contrast, failure to hold above $0.72 could see ADA retesting longer-term support near $0.70.

Derivatives data weakens

While spot prices hold firm, data from the derivatives market presents a less optimistic view.

According to CoinGlass, open interest in ADA futures contracts has declined 0.43% to $920.12 million.

This declining activity in the derivatives space reflects weakening trader interest and reduces the likelihood of a strong breakout.

It also indicates that large speculative positions are being trimmed or closed, a trend that often leads to price consolidation or short-term reversals.

ADA at a critical level

Cardano’s price action now depends on whether it can decisively break out of its current range.

While there is potential for a move back to $0.84 if bulls regain momentum, current market dynamics suggest ADA could remain range-bound or even experience renewed selling pressure.

Volatility in the broader crypto market has also contributed to ADA’s stagnation.

Bitcoin is currently holding near the $109,000 level, and major altcoins are consolidating after strong April rallies.

Without a strong catalyst, Cardano may struggle to attract fresh inflows in the short term.

As of now, ADA remains in a technical holding pattern, with both bullish and bearish scenarios in play.

The next few trading sessions will be critical in determining whether Cardano can reclaim its March highs — or face another leg lower.

The post Cardano gains 11% in May, but weak derivatives data hint at looming pullback appeared first on CoinJournal.

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Last chance to buy Bitcoin Pepe: 4 days left before exchange debut

  • Token price is now $0.0377, with each stage pushing the price 5% higher.
  • It’s the first meme coin ICO ever built on Bitcoin’s Layer 2.
  • PEP-20 token standard allows meme coin trading directly on BTC.

Bitcoin Pepe is rapidly reshaping the meme coin landscape with its revolutionary layer 2 built on the Bitcoin network.

Having raised $11,609,082 during its ongoing presale, this bold new project combines Solana-style speed with Bitcoin’s unmatched security.

With the current token price at $0.0377, the countdown is on before the presale ends and the token lists on major centralised exchanges on 31 May.

As the world’s first Bitcoin meme ICO, Bitcoin Pepe is tapping into the cultural momentum of meme coins while unlocking over $2 trillion in potential capital on the Bitcoin blockchain.

Meme coin mania goes Bitcoin

The rise of Bitcoin Pepe comes at a moment when meme coin trading is surging across all chains. But unlike others, Bitcoin Pepe is not just another token—it’s a fully-fledged infrastructure play, aiming to build a Solana-style meme economy directly on Bitcoin.

Its custom PEP-20 token standard enables meme tokens to be created natively on Bitcoin’s Layer 2, a first for the crypto industry.

This isn’t just about trading dog coins—it’s about transforming Bitcoin from a passive asset into a dynamic ecosystem for memes, NFTs, dApps, and DeFi. While Ethereum and Solana have seen meme coin booms, Bitcoin has lacked the infrastructure—until now.

Bitcoin Pepe is that missing link, delivering fast, low-fee transactions within Bitcoin’s secure environment, ideal for the next generation of meme traders.

In a recent AMA with Binance Smart Chain Daily, the Bitcoin Pepe team outlined the roadmap, staking options, and exchange plans, while engaging in a live giveaway to reward its community.

$2 trillion meme market on BTC

Bitcoin Pepe’s Layer 2 doesn’t just run on hype—it’s designed to unlock the enormous untapped value sitting idle in Bitcoin. With nearly $2 trillion in BTC capital circulating but unused in the meme coin space, this project offers a bridge to bring it into action.

The PEP-20 standard allows for easy token creation and trading, inviting builders and communities to migrate from fragmented chains to one unified Bitcoin meme network.

The project has already inked key partnerships with platforms like Super Meme, Catamoto, Plena Finance, and GETE, expanding its ecosystem beyond speculation into gaming, DeFi, and content creation.

These alliances amplify the vision: Bitcoin Pepe isn’t just a meme coin, but the hub for the entire meme economy on BTC.

Final presale window closing fast

The presale, now in Stage 27, is fast approaching its conclusion. With each stage bringing a 5% price increase, early buyers have already seen more than 300% paper gains compared to Stage 1.

The current price of $0.0377 still offers strong upside before the May 31 exchange launch—but the remaining token allocation is shrinking fast.

Bitcoin Pepe’s listing is expected to trigger significant demand. With multiple exchanges reportedly involved and millions already raised, investors are looking at the next leg of the meme coin cycle.

For those who missed Solana at $0.22 during its ICO, Bitcoin Pepe offers a comparable opportunity—if it follows a similar trajectory, the upside could be substantial.

The post Last chance to buy Bitcoin Pepe: 4 days left before exchange debut appeared first on CoinJournal.

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Bitcoin rally pauses below $110K; profit-taking by short-term holders intensifies

  • Bitcoin slipped to $109,000 Monday amid sluggish Memorial Day trading, but remains up 1.7% in 24 hours.
  • Short-term Bitcoin holders realized $11.4 billion in profits over the past 30 days, intensifying selling pressure.
  • A temporary US delay on 50% EU tariffs (until July 9) spurred overnight gains in crypto and European stocks.

Bitcoin experienced a slight pullback to $109,000 on Monday, May 26th, navigating sluggish trading conditions as traditional US markets remained closed for the Memorial Day holiday.

Despite this minor dip, the premier cryptocurrency maintained a position of strength, holding onto gains from a gentle weekend rise and remaining tantalizingly close to the all-time high it achieved just last week.

While Bitcoin consolidated, the broader digital asset market saw pockets of notable activity.

The CoinDesk 20 index, which tracks the top 20 digital coins (excluding stablecoins, memecoins, and exchange tokens), highlighted decentralized exchange Uniswap (UNI) as the day’s standout performer, with its token surging 6.6%.

Tokens for Chainlink (LINK) and Avalanche (AVAX) also posted respectable gains of 3.3% and 3.4%, respectively.

These gains largely materialized overnight, receiving a boost from a shift in US trade policy rhetoric.

President Trump announced on Sunday that the implementation of proposed 50% tariffs on EU goods would be delayed until July 9.

This was a reversal from his statement on Friday, which had called for the tariffs to take effect on June 1 and had consequently triggered a sell-off in risk assets, including cryptocurrencies.

European stocks, initially shaken by the tariff threat, rebounded on this news of a temporary reprieve.

Profit-taking wave: short-term holders cash in

Despite the overall positive sentiment that has recently propelled Bitcoin near record highs, analysts suggest the cryptocurrency may have entered a more volatile, consolidatory phase. T

raders are currently digesting the rapid, nearly 50% surge from the lows seen in April, according to a Monday report from Bitfinex analysts.

A significant factor potentially capping Bitcoin’s immediate upside is an intensification of profit-taking by short-term holders.

The Bitfinex report highlighted that this particular cohort of investors has realized a substantial $11.4 billion in cumulative profits over the past 30 days.

This figure stands in stark contrast to the $1.2 billion in profits realized by the same group in the preceding 30-day period, indicating a significant ramp-up in cashing out gains.

“At these levels, the risk emerges that profit-taking outpaces new demand inflows,” the Bitfinex analysts wrote.

Unless thereʼs a corresponding rise in new capital entering the market to absorb this supply, prices may begin to stall or even retrace.

Navigating choppy waters

The coming days are seen as crucial in determining Bitcoin’s near-term trajectory.

“The next few days will be key to gauge whether the dip to $106,000 has set the range lows or a bigger reset is in the cards,” the Bitfinex report stated.

Should a more significant pullback materialize, a key level of support to monitor is the short-term holder cost basis, which currently sits around $95,000.

This represents the average price at which this group of investors acquired their Bitcoin.

Despite the potential for near-term choppiness and profit-taking, the underlying outlook remains constructive, according to the analysts.

They pointed to strong inflows into US spot Bitcoin ETFs—totaling an impressive $5.3 billion in May so far—alongside currently low market volatility and a lack of excessive speculative froth.

These factors, they argue, suggest that Bitcoin is likely to resume its upward trend heading into the third quarter of the year, following this potential period of consolidation.

The post Bitcoin rally pauses below $110K; profit-taking by short-term holders intensifies appeared first on CoinJournal.