The Hyperliquid price has surged 26% in the last 24 hours to trade at $32.08 as of 7:55 p.m. EST on a 1,912% pump in trading volume to $586 million.
Hyperliquid Price Continues The Uptrend On Strong Support
The Hype/USDT on the 1-hour timeframe shows a sharp bullish momentum, as the price continues to climb steadily after bouncing off key support levels. Currently trading at $32.13 , the price briefly touched a high of $32.45 before showing signs of consolidation.
This upward trend is strongly supported by the 50-period moving average (SMA) at $24.258 and the 200-period SMA at $26.260, both trending upward. The fact that the price trades well above these moving averages reflects a sustained bullish structure.
Key support zones have played a critical role in maintaining this trend as the major support zone, between $24.00 and $26.00, provided a robust foundation for the price to rebound. Following this, a minor support level was established, near $30.00, signalling increasing confidence from buyers.
HYPEUSDT Analysis Source: Tradingview
The breakout above the minor support zone is particularly significant, as it underscores the bulls’ control over the market. If this momentum continues, the next major resistance levels to watch are $34.00 and potentially $35.00, where some profit-taking might occur.
The RSI (14) is currently at 68.93, signalling strong bullish momentum and cautioning that the market is approaching overbought conditions. A move above 70 could lead to a short-term pullback as traders lock in profits.
However, as long as the price remains above the $30.00 minor support level, the bullish trend will likely continue. If a pullback occurs, the major support zone around $24.00 to $26.00 will be crucial for buyers to step in again.
Crypto All-Stars Presale Ends With Over $26 Million Raised – Launches On Monday, Dec 23
While Hyperliquid price traders anticipate more bullish momentum, the crypto market is abuzz with news of the recently concluded Crypto All-Stars ($STARS) presale, which has raised over $26 million in funding for its groundbreaking MemeVault, a unified staking platform for meme coins.
Excited by this bullish momentum, crypto analyst and YouTuber ClayBro, who boasts over 133k subscribers, revealed that he has purchased more $STARS tokens and is predicting potential 10x gains.
Trading for the $STARS token will commence on Monday, December 23, at 2 PM UTC, aligning with the time presale buyers can claim their tokens. For those who purchased via Best Wallet, token claims will be available directly through the app at the official launch time.
$STARS Presale Nets 21.6% Gain
The $STARS presale began at a price of $0.001380 and concluded at $0.0016782, giving the earliest investors an impressive paper gain of 21.6%.
Like the recent Pepe Unchained presale, which raised $73 million, $STARS was prominently featured in the Upcoming Tokens section of Best Wallet, a rapidly growing self-custody wallet with a community of 100,000 active traders.
This strategic positioning could prove advantageous for Crypto All-Stars, as Pepe Unchained’s launch brought 6x gains for its presale participants, highlighting the potential for similar success with $STARS despite potentially difficult market conditions.
Crypto All-Stars MemeVault: A Game Changer
Crypto All-Stars comes with its MemeVault staking platform, designed to let meme coin holders earn both income and capital gains. The platform allows users to stake multiple meme coins in one unified system, with longer staking periods yielding higher returns.
This innovative feature differentiates Crypto All-Stars from competitors and appeals to meme coin enthusiasts of all kinds.
At launch, eligible tokens for staking will include popular meme coins such as Dogecoin, Shiba Inu, Pepe, Floki Inu, Brett, Mog Coin, Milady, Turbo Token, Toshi The Cat, Coq Inu, and Bonk. The team also plans to expand the roster of tokens in the future.
By depositing these tokens into MemeVault’s unified smart contract, users can earn rewards in STARS, and holders of $STARS tokens can also triple their rewards.
While waiting for the MemeVault to go live, many investors have turned to the presale staking pool for STARS itself, which offers a 138% annual yield.
Though the presale has concluded, latecomers can still capitalize on the opportunity when $STARS debuts on DEXs on Monday.
Visit STARS here .
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