Hyperliquid TVL Hits New Post-Crash High, Signaling Market Recovery
- Total Value Locked Recovery: Hyperliquid's total value locked (TVL) has reached $55.29 billion, reflecting a 7.8% increase over the past week, indicating a resurgence of investor confidence that could drive future capital inflows and market activity.
- Open Interest Rebound: The platform's open interest (OI) has rebounded to $9.647 billion, marking the highest level since February this year, which suggests enhanced user trust in the platform and may encourage increased derivative trading activity.
- Significant Trading Volume Increase: Recent 24-hour trading volume was approximately $7 billion, with 28.1% of that volume stemming from trades related to traditional markets, highlighting a deepening integration between decentralized finance (DeFi) and conventional financial instruments, potentially attracting more users.
- Market Stability Signal: Despite the October 11 market crash that led to simultaneous declines in both TVL and OI, the current recovery indicates the resilience of the Hyperliquid platform and its user base, suggesting that the decentralized derivatives market may be moving towards stabilization.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI). As of , DeFi (DEFI) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 10 technical signals, shows that 6 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for DEFI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, DEFI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000155 | 0.000174 | 0.000194 | 0.000212 | 0.000232 | 0.000251 | 0.000271 |
| Fibonacci | 0.000174 | 0.000189 | 0.000198 | 0.000212 | 0.000227 | 0.000236 | 0.000251 |
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