Will HYPE stage a breakout above $30? Check forecast

The cryptocurrency market has flipped bullish over the last 24 hours as Bitcoin, Ether, and XRP are all in the green. Hyperliquid’s HYPE is up by 2%, making it one of the best performers among the top 20 cryptocurrencies by market cap. It is extending the rebound from the previous day and could rally higher in the near term. However, the recovery lacks market confidence as HYPE’s OI is declining, indicating that the bulls are still skeptical of the market conditions.  Technical indicators suggest that HYPE could surpass the $30 psychological level in the near term, with further upward movement on the cards.  HYPE rallies despite poor derivatives data HYPE is up by 2% in the last 24 hours and…