Hyperliquid News Today: Blockchain Transaction Fee Battle Elevates Hyperliquid, BNB-HYPE's $50 Challenge Approaches

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Hyperliquid News Today: Blockchain Transaction Fee Battle Elevates Hyperliquid, BNB-HYPE's $50 Challenge Approaches

Bitget-RWA2025/10/31 05:10

By:Bitget-RWA

- Hyperliquid (HYPE) approaches $50 resistance amid mixed technical signals, with bullish wedge patterns and bearish RSI divergence creating uncertainty over breakout potential. - Blockchain fee wars see Hyperliquid and BNB Chain dominate 60% of L1 fees, outpacing Solana's 9%, as derivatives trading overtakes memecoins in transaction value. - Toronto-Dominion Bank faces sell rating downgrade despite 2.33% monthly gains, with executive reshuffles aiming to address near-term volatility and client experience

Hyperliquid (HYPE) has climbed toward the $50 mark, drawing conflicting opinions from technical analysts as market participants debate whether a breakout or a reversal is imminent. The token’s recent price movements have attracted attention in the context of changing blockchain fee dynamics, with Hyperliquid and

BNB

Chain now leading over

Solana

, based on a

TradingView analysis

HYPE’s price has been consolidating within a descending wedge, and a move above the $41–$42 range could ignite a 54% surge to $61.5, as reported by

crypto.news report

. The Aroon Up indicator at 71.4% and a recovering RSI point to buyer dominance, while CoinGlass data reveals a cluster of short liquidations in this area. On the other hand, bearish divergence is present, with the RSI dropping from overbought levels and failing to confirm bullish momentum, even after a MACD crossover near $50.7, according to an

FXStreet analysis

. If HYPE cannot stay above $46.35, it may revisit the $36–$38 zone, increasing the risk of a long squeeze if sellers take control.

Hyperliquid News Today: Blockchain Transaction Fee Battle Elevates Hyperliquid, BNB-HYPE's $50 Challenge Approaches image 0

The ongoing competition over blockchain fees has fueled HYPE’s rally. Hyperliquid and BNB Chain now account for 40% and 20% of major L1 fees, respectively, surpassing Solana’s 9% share. This trend points to a shift in user preference toward derivatives trading, which brings in higher fees per transaction than

memecoin

activity, as highlighted in the TradingView analysis. BNB Chain’s integration with Binance’s retail network has further strengthened its position, while Solana’s waning memecoin trend has left it behind. Experts suggest Solana may need a flagship dApp or a fresh speculative wave to regain traction, especially if derivatives activity remains strong, according to the same TradingView report.

Meanwhile, Toronto-Dominion Bank is facing challenges after Wall Street Zen downgraded its rating to “sell” in late September, as noted in a

MarketBeat alert

. Although TD posted a 2.33% monthly gain, outperforming the Finance sector, its Zacks Rank holds at 3 (Hold), and its forward P/E of 13.91 trades above the industry average. Recent leadership changes, including Taylan Turan’s appointment as COO and Simon Fish as General Counsel, are intended to improve execution and client service, but may not be enough to counter short-term volatility, according to a

TD Bank announcement

Hyperliquid’s bullish outlook is further supported by on-chain developments. A $100 million monthly buyback initiative and the HIP-3 protocol upgrade have pushed daily trading volumes to $595 million, indicating strong institutional interest, according to a

Brave New Coin report

. Retail demand is also rising thanks to Robinhood’s listing, with Nansen data showing increased whale participation. Still, analysis by StefanB warns that pullbacks to $40 or $33 could present buying opportunities, stressing the importance of maintaining volume above $44–$45 to sustain the upward trend, as detailed in the Brave New Coin report.

The relationship between blockchain trends and traditional banking highlights the market’s shifting risk landscape. While HYPE’s technical indicators remain positive, TD’s downgrade and Solana’s shrinking fee share reveal sector-specific challenges. Investors are likely to monitor HYPE’s $50.7 resistance and TD’s December earnings for further direction, as the crypto asset’s ability to keep its momentum could reshape its role in the derivatives market, according to insights from TradingView and FXStreet.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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