$HYPE is showing serious market strength right now.
The token just pushed into a new all-time high after an impressive 48% rally, and historically, Hyperliquid tends to lead the market before broader altcoin momentum kicks in. When $HYPE runs first, the rest of the market often follows.
That said, there are a few warning signs worth watching:
• Price is heavily extended above the 21D MA.
• RSI has pushed above 75 for the first time since May 2025, suggesting short-term overheating.
This doesn’t invalidate the trend at all — momentum remains extremely strong. In fact, one of the strongest signals came when price briefly swept below the $33 low without ever closing beneath it. That fakeout turned into a powerful reversal and continuation higher.
At this stage, chasing strength becomes less attractive. A healthy correction would actually improve the setup. The ideal reload zone would be around $39, though realistically the lower $40s may be the more likely opportunity.
Overall, altcoin sentiment is clearly improving again, and with Hyperliquid acting as the early leader, May and June could bring much broader momentum across the market.
