Hyperliquid up 170% from April lows: Will Bitcoin perps dominance push HYPE to $40? 

• Hyperiquide has turned the Deribity in the Bitcoin market and could go to OKX as another goal.
• Hype consisted of a bull pattern that could gather at $ 45 if verified.

Hyperliquide [HYPE] He acquired the Bloomberg reflector after penetrating the Bitcoins (Perps) with Bitcoins CEX (centralized stock exchange).

Is it a larger trend that could support its native token, hype, higher?

Hyperliquid growth

Palin BTCs are popular derivative tools with retail, due to their simplicity linked to financing rates. Binance, Bybits, OKX and Dribit are strongly controlled on the market – all centralized platforms.

However, hyperliquide, dex (decentralized exchange) acting on its blockchain, consumes the market share of Cexes.

Source in Bloomberg message Connected hyperliquid growth with access to users, especially for those who try to trade anonymously.

“He consolidated the fragmented user base of Defi Trader with good UX, maintained an advanced retail with deep liquidity and solid technology, then made each owner with AirDropy and created an ecological but cult follow -up.”

According to Velo dataHyperliquid BTC OI or the inflow of money, exceeded $ 1.8 billion, overcame Debit’s 1.14b.

OKX $ 2.56 could be another to be inverted if the growth trend continues. In fact, the total OI hyperliquid was at the historically highest $ 5.6 billion for all these tokens, including Sol and ETH.

Regarding the total volume of trading since its debut, Dex has made over $ 1 trillion.

The adoption rate was also amazing. Since the revival of April, new users have grown daily from 200 to more than 2000, which meant 900% of adoption.

In the same window, hype, native token to Dex and its total ecosystem, assembly More than 170%.

Interestingly, Humbuk holders are entitled to discount fees. In addition, an ongoing deflationary program (redemption) reduces the offer, together creates an evaluation of demand and value.

In the daily prices chart, the price action was on the verge of forming a bull inverted head and shoulder pattern.

If the formula is validated, Hype could increase to a new maximum of $ 45. However, the neckline for $ 27 and the overhead cost of $ 35 must first be cleaned before such an output.

On the other hand, a 50 -day EMA of $ 19.6 (exponential gliding average) could act as potential support in the case of a sharp pullback.