Hyperliquid’s native token HYPE posted another daily gain, trading at $58.80 after rising 2.25% in the past 24 hours. The token’s daily trading volume reached $325.50 million, while its market capitalization grew to $14.86 billion, representing 0.67% of the total crypto market. Cryptocurrency analyst Cryptorphic drew attention to the ongoing test of an ascending trendline that HYPE has maintained during its latest rally. The analyst identified the trendline as a critical technical marker, explaining that the market remains in consolidation after pulling back from recent highs, with price action holding firmly above this support.