Analysis: significant surge of HYPE amid its anniversary

Source: CritpoTendencia Original Title: Analysis: Important Surge of HYPE Amid Its Anniversary Original Link: In just one year, eleven people developed what is now the largest decentralized cryptocurrency trading platform: Hyperliquid. On November 29, 2025, exactly one year had passed since the HYPE token generation event.

At the time of writing, HYPE is trading at $32.57, with daily gains of 9.6% and weekly gains of 1.6%, although it is still carrying monthly losses of 22.3%.

What is driving HYPE’s rise?

HYPE’s recovery comes after falling from monthly highs as high as $42 to lows near $29.

The current surge is happening against the backdrop of a general improvement in the crypto market, led by Bitcoin’s rise above $90,000. At the same time, the market is strengthening amid expectations that the Federal Reserve will cut interest rates in December.

It’s worth mentioning that in November 2025, approximately $344 million in new HYPE tokens entered the market, equivalent to 2.66% of the circulating supply. This injection increased volatility, as the fresh supply immediately collided with resistance zones. Even so, the price managed to remain stable within the range between $31 and $32.

However, today’s recovery is positive in this context of token release, especially when the dynamics of this distribution are still not entirely clear.

HYPE Chart Analysis: Key Levels

HYPE’s price is moving within a medium-term descending channel. The current movements correspond to a rebound after sharp declines in previous sessions.

Resistance levels to watch:

• $33.6: Immediate resistance where the price encountered a daily barrier.
• $36.7: Stronger short-term level, equivalent to the November 28 high.
• $40.0: Main psychological resistance; breaking it could signal a reversal of the bearish trend.

Relevant supports:

• $31.5: Immediate support where the price bounced strongly in the previous session.
• $29.3: Strongest point, corresponding to the December 1 low.
• $25.0: Losing the previous level could push HYPE down to this psychological floor.

The RSI at 63 points reflects bullish control and leaves room for minor rebounds in the short term.

Key Data to Consider About HYPE

The majority of Hyperliquid’s revenue comes from fees for trading perpetual futures. According to figures from DeFiLlama and Token Terminal, these fees total between $1000 and $1300 million per year for the protocol.

Hyperliquid recently released 1.75 million tokens for developers and key ecosystem participants, valued at over $60 million. Even so, the event did not trigger massive sell-offs or sharp price moves.

According to the latest research from CoinGecko, the volume of perpetual futures traded on Hyperliquid reaches $2.74 trillion so far this year. With that figure, the platform matches the trading activity of the centralized exchange of a certain trading platform.

According to its S-1 filing with the U.S. Securities and Exchange Commission, Hyperliquid Strategies seeks to form a treasury and increase its corporate stake in the HYPE token. To achieve this, the company is raising up to $1000 million intended to purchase the token.