Hyperlicid tokens overturned on Monday as the network approached a major milestone in the trading volume.
The price of hyperlicid (hyp) rose to $ 25.80 on Monday, climbing more than 25% of its lowest level in the weekend.
Data compiled by Defee lama Shows that Hyperlicid’s monthly trading volume reached a record high of $ 366 billion in January, more than $ 341 billion in the previous month.
Hyperlicid’s daily trading volume rose 57% on Monday, reaching $ 16.54 billion. In the last seven days, the platform has handled the amount of about 60 billion dollars, making its cumulative trading volume to $ 842 billion. At this speed, the network is likely to cross the $ 1 trillion mark this month.
The biggest players in the futures industry always continue to gain market share against contestants. Its monthly volume is more than $ 58 billion of Jupiter $ 10.2 billion, Dydx $ 3.1 billion and Synfuture more than $ 3.6 billion.
The increase in trading volume has rapidly increased the protocol fee of hyperlicid. Data Lama’s data shows its monthly fee Jump At a record high level of $ 51.4 million, from $ 10.4 million a month ago.
Superconduct value analysis
The four -hour chart suggests that the price of publicity reached $ 35.20 in December before the price of the publicity retreated by $ 25.35. Recently, tokens have formed an ascending channel, which combines high altitude and high climbing since January 6.
The price of 25-period has gone up slightly above a positive indicator of 25-period. It has also increased to 38.2% Fibonacci retracement level.
The price of hyperlicid is likely to continue as the bulls target the major resistance level at $ 28.40, the highest level in January. A break above this level can indicate further benefits, the next important reference is an all -time high of $ 35.20, which represents a 40% increase from current levels.
On the other hand, a drop below the major support level at $ 22 can indicate the negative side of the front, with the next target $ 18.88, its lowest level in January.
