Hyperliquid Price Jumps as Market Cap Overtakes Stellar at $6.8B

Source: CryptoNewsNet Original Title: Hyperliquid Price Jumps as Market Cap Overtakes Stellar at $6.8B Original Link: https://cryptonews.net/news/analytics/32332717/

Market Cap Milestone

Hyperliquid’s HYPE token pushed its market capitalization to about $6.9 billion, moving it ahead of Stellar’s roughly $6.78 billion on CoinCodex’s rankings.

After the market cap crossover, HYPE traded around $22.5 and posted about $125 million in 24 hour trading volume. The token’s circulating supply stood near 302.07 million, while total and max supply were both listed at 961.67 million, leaving the fully diluted valuation near $21.8 billion.

Meanwhile, Stellar traded near $0.208 with a 24 hour volume around $79.8 million, keeping its valuation close behind despite the ranking slip. CoinCodex listed Stellar’s circulating supply at about 32.42 billion XLM, with a max supply near 50.0 billion.

Technical Setup: Range Reclaim

Hyperliquid’s HYPE token drew fresh technical attention after a TradingView chart showed price rebounding back above a prior support band. The chart shows HYPEUSDT near $23.30 after a selloff that set a visible low at $20.50, then flipped into a quick recovery.

The chart frames the move as a return into a defined consolidation zone. It marks a range low around the low $22 area and a range high near the upper $28 area, with price spending weeks chopping inside that box before the breakdown and snapback. After the rebound, the chart’s drawn path suggests a pullback toward the range low could act as the next decision point before any attempt toward the top of the range.

The downswing was labeled as a 3 day bullish divergence, implying momentum weakened while price printed a lower low. This divergence combined with the reclaim strengthens the case that sellers lost control near the lows, even though the chart still shows uneven candles inside the range.