Hyperliquid (HYPE) has experienced a significant 18% surge in value within the last 24 hours. Despite overall market consolidation in the past week, HYPE's price has continued upwards, showing a 10% increase during this period.

The growing demand for this altcoin suggests a potential rise above the $25 mark in the near future, with indications towards reaching the token's all-time high. Key momentum indicators for HYPE on the daily chart support this bullish momentum.

For instance, the Super Trend Indicator shows that HYPE's price is currently above the dynamic support line at $19.27, highlighting a bullish trend and dominant buying pressure. Additionally, the Relative Strength Index (RSI) for HYPE is at 55.42 and rising, indicating increasing momentum and a shift towards a bullish trend.

In terms of price predictions, breaking above the critical $25 level could lead to further gains for HYPE, potentially surpassing $29.33 and moving towards its all-time high of $35.17. Conversely, a failure to sustain the current upward trend may result in a price decline to $22.81.