Analysis: HYPE's Significant Rebound on Its First Anniversary

Source: CritpoTendencia Original Title: Analysis: Significant HYPE Surge Amid Its Anniversary Original Link: In just one year, eleven people developed today’s largest decentralized cryptocurrency trading platform: Hyperliquid. November 29, 2025, marks the one-year anniversary of the HYPE token generation event (TGE).

At the time of writing, HYPE is priced at $32.57, with a daily gain of 9.6%, a weekly gain of 1.6%, but still facing a monthly loss of 22.3%.

What Is Driving HYPE’s Surge?

HYPE’s rebound came after dropping from a monthly high of $42 to a low near $29.

The current rally is happening against the backdrop of a general improvement in the crypto market, led by Bitcoin breaking through $90,000. At the same time, the market is being bolstered by expectations that the Federal Reserve will cut rates in December.

It’s worth noting that in November 2025, about $344 million in new HYPE tokens entered the market, equivalent to 2.66% of the circulating supply. This injection increased volatility, as the new supply immediately collided with resistance zones. Nevertheless, the price managed to remain stable in the $31 to $32 range.

However, against the backdrop of the token release, and with the distribution dynamics still not entirely clear, today’s rebound is viewed positively.

HYPE Chart Analysis: Key Levels

HYPE’s price is fluctuating within a mid-term downward channel. The current movement corresponds to a rebound after a sharp drop in previous days.

Resistance levels to watch:

• $33.6: Immediate resistance where the price finds a daily hurdle
• $36.7: A stronger short-term level, corresponding to the November 28 high
• $40.0: A major psychological resistance, whose breakout could signal a reversal of the bearish trend

Relevant support levels:

• $31.5: Immediate support where the price strongly rebounded the previous day
• $29.3: The firmest point, corresponding to the December 1 low
• $25.0: If the previous level is lost, HYPE could fall to this psychological bottom

The RSI at 63 reflects bullish control and leaves room for a minor short-term rally.

Relevant Data About HYPE

Most of Hyperliquid’s revenue comes from perpetual futures trading fees. According to DeFiLlama and Token Terminal, these fees total between $1 billion and $1.3 billion annually for the protocol.

Recently, Hyperliquid released 1.75 million tokens, worth over $60 million, to developers and key ecosystem contributors. Even so, the event did not trigger a massive sell-off or sharp price volatility.

According to recent research by CoinGecko, the trading volume of perpetual futures on Hyperliquid so far this year has reached $2.74 trillion. With this figure, the platform’s trading activity is on par with a certain compliant platform.

According to an S-1 filing submitted to the U.S. Securities and Exchange Commission by Hyperliquid Strategies, Hyperliquid Strategies seeks to establish a treasury and increase its corporate stake in HYPE tokens. To this end, the company is raising up to $1 billion to purchase the token.