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Cryptocurrency News Articles

HYPE and SUI Price Analysis: The Market Enters a New Discovery Phase

Jan 31, 2025 at 12:19 am

The HYPE price has entered a buying range and hence a bullish breakout from the current levels may push the token within a discovery phase

HYPE and SUI Price Analysis: The Market Enters a New Discovery Phase

Hyperliquid (HYPE) & Sui (SUI) Price Set For a Bullish Blast OffThe crypto market has been buzzing with excitement as some tokens have shown remarkable resilience despite the prolonged bear market. Among these tokens, Hyperliquid (HYPE) and Sui (SUI) have been making headlines with their impressive price surges. As both tokens are positioned within the top 20 cryptos, their price movements are closely watched by traders and investors alike.

With the HYPE price entering a buying range and the SUI price rising above the prolonged bearish trend, both tokens could be primed for a bullish breakout from the current levels. Such a breakout may push HYPE token within a discovery phase and SUI token to new ATH (All Time High).

Hyperliquid Becomes Latest Addition To Top 20 After Stunning Rise Of Over 20% In Past 24 Hours, SUI Price Triggers Strong Rebound From Local Lows As Bulls Appear Poised To Push Token To New Highs

As the dust settles and the day comes to an end, let’s quickly glance through the interesting price movements within the crypto space. Among the top 20 cryptos, Hyperliquid (HYPE) has shown an interesting price movement as the token is up by over 20% in the past 24 hours, which has raised many eyebrows.

On the other hand, the SUI price has also triggered a strong rebound from the local lows as the bulls appear to be poised to push the token to new highs. While the bullish sentiments have been escalating within the crypto space, the prices of HYPE & SUI are believed to record eye-catching gains and may even mark fresh highs in the upcoming bull run.

Hyperliquid (HYPE) Price Analysis

The Hyperliquid price has been rising consistently since the early trading hours, which has raised many eyebrows. Within a month of it’s inception, the token has made it to the top 20 cryptos according to the market cap, which is a big thing within the crypto space. Now that the price has triggered a massive rise, the question arises whether the price may remain elevated or dump hard in the coming days.

Well, taking a closer look at the HYPE 4-hour price chart, it suggests that the token price may pullback slightly before continuing the uptrend. The short-term price action of HYPE suggests a pullback could be on the horizon as the token has broken above the decisive symmetric triangle. After a breakout, bulls tend to face some exhaustion and the upcoming bearish divergence substantiates the claim.

Meanwhile, the Gaussian channel turns bullish, hinting towards the price sustaining within the bullish range. Therefore, the Hyperliquid price is believed to slightly drop below $25 and quickly rebound to $30.

Sui (SUI) Price Analysis

The SUI price had maintained a healthy ascending trend since November 2024, which attracted massive bearish interference in 2025. After losing over 30% of it’s value, the price has triggered a strong rebound from the interim lows, hinting towards the resurgence of a consistent ascending trend.

Therefore, the SUI price is now believed to maintain a healthy ascending trend to surpass the average range in a short while.

The SUI 4-hour price chart showcases the price maintaining the support of the rising parallel channel. The RSI has also triggered a healthy rebound from the lows, while the DMI levels have converged and are heading for a bullish crossover.

Therefore, the SUI price is expected to maintain a healthy ascending trend and rise above $5 in a short while. Meanwhile, the target remains above $6.5 to form a new ATH.

Considering the trade dynamics of both the tokens, it suggests that the SUI price is primed for a consistent ascending trend while the HYPE price could face a slight pullback. Hence, it may be a good time to buy SUI while the traders can wait for a while until the HYPE price reaches a good entry range.

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Other articles published on Jan 31, 2025