Key Highlights
- HYPE gained approximately 10% to reach $40, emerging as the top performer among cryptocurrencies in the top 20 by market capitalization
- Open Interest surged to $1.67 billion, marking the highest level observed since early February and indicating fresh capital inflows
- Funding rates shifted into positive territory, climbing to 0.008% as long positions compensate short traders
- The 4-hour RSI reached 70, approaching overbought levels, while the MACD displays a bullish crossover pattern
- Tokenized assets represented 33% of Hyperliquid’s weekly trading volume, setting a new platform record
Hyperliquid (HYPE) reached the $40 price level following a robust Monday rally that delivered close to 10% in gains. This performance elevated HYPE above Cardano’s ADA, securing the 10th position among cryptocurrencies ranked by market capitalization.
Strong fundamentals underpin the upward momentum. CryptoQuant analytics reveal substantial whale accumulation, buy-side strength, and favorable conditions across both spot and futures markets.
Derivatives metrics show Open Interest (OI) advancing to $1.67 billion as of Tuesday. This figure represents the highest reading since early February, with steady growth observed throughout March.
Increasing OI generally indicates fresh capital deployment into the market. These new inflows may provide continued support for the current bullish trajectory.
Funding rates on Hyperliquid transitioned to positive territory on Sunday, advancing to 0.008% by Tuesday. This shift indicates long position holders are compensating short traders with premiums — a characteristic sign of bullish sentiment and demand.
Technical Indicators Support Bullish Outlook
The 4-hour timeframe shows HYPE breaching the $36.51 daily resistance threshold last Thursday. The token consolidated near this level the next day before delivering approximately 10% gains through Monday’s session.
Are you ready for $HYPE summer? pic.twitter.com/LMdpi9MtkV
— Rand Group (@cryptorand) March 13, 2026
The 4-hour RSI currently stands at 70, positioned just beneath overbought territory. Meanwhile, the MACD indicator has completed a bullish crossover, with expanding green histogram bars reinforcing the positive momentum structure.
Bulls targeting higher levels will focus on the $50 psychological threshold as the primary objective. The October 29 peak of $49.88 may act as resistance given the concentration of sell orders historically placed in that zone.
Temporary pullbacks remain possible within the established uptrend. Should correction materialize, initial support appears at $36.51, with secondary support located at $33.60, a level last tested on March 10.
Tokenized Assets Reach All-Time Volume Share
Beyond price movements, tokenized assets captured 33% of Hyperliquid’s total weekly trading volume. This milestone represents the highest share ever recorded for this asset category on the platform, based on Blockworks data.
Tokenized assets accounted for 33% of last week’s volume on Hyperliquid, a new all time high
These assets also make up 21% of open interest on the platform pic.twitter.com/SZIbJa6Sfb
— Blockworks (@Blockworks) March 16, 2026
These tokenized instruments also constitute approximately 21% of total open interest across Hyperliquid. Open interest measures the aggregate value of active derivative contracts in the market.
The expanding proportion of tokenized assets indicates traders are maintaining positions in these instruments for extended durations.
Tokenized assets represent traditional financial products or tangible real-world assets converted into blockchain-based tokens, enabling participation in decentralized trading venues.
HYPE currently trades at $40 on Tuesday, with bulls positioning for a move toward the $50 milestone as the next significant target.
