Hyperliquid’s price climbed 25% in the past 24 hours to trade at $24.62 as of 8:14 p.m. EST on trading volume that soared 91% to $361 million, according to CoinGecko .

Hyperliquid price on sustained bull rally

HYPE/USDT chart analysis on a 1-hour time frame reveals a notable uptrend, supported by bullish price action and strengthening technical indicators.

After a sustained uptrend after launch, the Hyperliquid price climbed up to the $19.80 resistance, before consolidating in the $17.20 range. This level now constitutes major support, where the bulls have taken over the asset, driving the Hyperliquid price through a massive parabolic curve.

HYPE is now trading well above the 50-day simple moving average (SMA), indicating that hyperliquid price is currently on a sustained bullish recovery.

The Relative Strength Index (RSI) is at 72.91, indicating overbought conditions. This suggests that while the uptrend remains strong, a temporary pullback could occur as traders take profits. If the RSI stays above 70 for an extended period of time, this may signal sustained bullish momentum, but caution is advised in case of overly prolonged moves.

Meanwhile, the Moving Average Convergence Divergence (MACD) also supports the overall uptrend as the blue MACD line crosses above the orange signal line.

The current market price HYPE rremains bullish, as the asset continues to move in the parabolic curve. If this momentum continues, bulls aim for the next possible resistance level at $28.

HYPE/USDT chart analysis (Source: Tradingview)

However, due to the overbought conditions of the RSI, a pullback towards $17.20 (key support) is also plausible.

As the price of hyperliquid targets a continued rise, some investors are turning to pre-sale meme coins, such as the new launch. Flockerz (TROOP).

According to 99Bitcoins, a popular cryptocurrency channel on YouTube with over 706,000 subscribers, FLOCK has the potential to grow 100 times after its launch.

Flockerz Presale Raises Over $6.7 Million

Early investors are rushing to the Flockerz presale as it continues its mission to put power back in the hands of the crypto community. The project has already raised more than $6.7 million.

Flockerz is attracting attention because of its unique approach to community governance. Its notable feature, Vote-to-Earn (V2E), allows community members to earn $FLOCK tokens by participating in important decisions regarding the future of the project. All they have to do is vote on key decisions to earn rewards.

Even if everything is burning around you.

Everything is always good when you are with the herd! pic.twitter.com/dDeu98Flob

– Flockerz (@FlockerzToken) November 19, 2024

The underlying framework of Flockerz is rooted in a decentralized autonomous organization (DAO) called Flocktopia, where every holder’s voice matters.

Aside from V2E rewards, users can also earn passively through the platform’s staking mechanism, which offers a whopping 421% annual return.

Investors interested in joining the presale can visit the official Flockerz website to purchase FLOCK tokens at the current price of $0.0064265 each using BNB, ETH, USDT or a bank card.

Buy before a price rise in less than 3 days to get the best deal.

Buy FLOCK here.

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