Hyperliquid (HYPE) is currently trading at $29.64 on Wednesday, February 18, and down 0.85% over the past 24 hours, with daily trading volume surging 23.38% to $Hyperliquid (HYPE) is currently trading at $29.64 on Wednesday, February 18, and down 0.85% over the past 24 hours, with daily trading volume surging 23.38% to $

Hyperliquid Eyes $34 Rebound as Institutional Adoption Gains Momentum

2026/02/18 11:30
2 min read
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Hyperliquid (HYPE) is currently trading at $29.64 on Wednesday, February 18, and down 0.85% over the past 24 hours, with daily trading volume surging 23.38% to $214.07 million.

Over the last seven days, HYPE saw a modest dip of 0.41%, reflecting consolidation after a strong rally earlier this month. Market participants are monitoring key technical levels near $28, where historical support aligns with long-term moving averages.

Source: CoinMarketCap

HYPE Shows Strong Relative Strength

According to crypto analyst Altcoin Sherpa, HYPE has recently exhibited significant relative strength, supported by aggressive buying from large investors and a favorable commodities-linked environment. The token’s short-term bullish trend was confirmed by moving averages crossing on expanded volume, signaling momentum-driven participation.

Following its sharp price surge, HYPE entered a corrective phase characterized by lower highs and higher lows. This pattern indicates controlled profit-taking rather than a reversal.

Moving averages have flattened slightly, reflecting a temporary slowdown in momentum. Buyers continue to defend deeper pullbacks near longer-term averages, suggesting institutional accumulation rather than distribution.

Current trading near the $28–$29 support zone forms a high-probability demand area. Analysts caution that a sustained drop below $28 could trigger a short-term bearish structure and potential retracement. Volume patterns support a healthy consolidation, as declining turnover during this phase points to temporary pause rather than panic selling.

Source: X

Ripple Prime Supports Hyperliquid Integration

Ripple Prime announced support for Hyperliquid on its multi-asset institutional prime brokerage platform. The integration allows institutional clients to access onchain derivatives liquidity while cross-margining exposures across digital assets, FX, fixed income, and OTC swaps.

This step bridges traditional finance and decentralized markets, offering centralized risk management and unified capital efficiency for institutions.

Michael Higgins, International CEO of Ripple Prime, stated, “This strategic expansion into DeFi enhances our clients’ access to liquidity while maintaining the controls expected from a global prime broker.”

Market observers note that this move validates Hyperliquid’s infrastructure and liquidity, potentially attracting increased institutional participation.

Also Read | Hyperliquid (HYPE) Consolidation Phase Could Spark Next Major Move

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