Hyperliquid HYPE is holding above key support near $47, with rising volume and staking activity fueling speculation of a push towards the $60 target.
Hyperliquid is trading at $47.12, up nearly 5% in the last 24 hours, with a market cap of over $12.7 billion and daily volume crossing $540 million. This steady climb highlights how HYPE continues to attract liquidity even as competition intensifies.
Hyperliquid’s current price is $47.12, up 4.97% in the last 24 hours. Source: Brave New Coin
HYPE Community Sees $60 as Fair Value
The chart shared by Tyler shows how the $60 mark is becoming the community’s anchor for HYPE’s next leg. Price has been carving higher lows after a steep corrective phase, creating the foundation for a rebound that aligns with this target. This type of symmetry between sentiment and technicals often builds strong momentum when buying pressure returns.
Hyperliquid’s push towards the $60 fair value gains traction as higher lows strengthen its rebound setup. Source: Tyler via X
Momentum is also reflected in the way the token has been reclaiming lost ground without heavy volatility spikes. If resistance around the mid-$50s is cleared with volume, the narrative of $60 as “fair price” could evolve into a short-term reality rather than just long-term optimism.
Fees Show Resilience Amid Competition
Hyperliquid continues to generate roughly $3M daily in fees, even while ASTER ramps up market share. This demonstrates HYPE’s ability to withstand competitive pressure, with consistent fee income providing a steady floor for ecosystem strength. Fee revenue is a critical signal for long-term sustainability, and Hyperliquid has shown it can hold its ground.
Hyperliquid secures its footing with $3M in daily fees, reinforcing resilience as competition from ASTER intensifies. Source: Pajke via X
Pajke believes that there is also a speculation that El Jefe may introduce new levers that could push fees above $10M daily. If implemented, such mechanisms would dramatically shift the competitive landscape, making Hyperliquid a dominant force despite ASTER’s rise.
Technical Levels in Focus
According to MrCryptoceek, the price remains constructive as long as it holds above $42 support. The moving averages are beginning to align in favor of the bulls, with RSI still leaving room for further upside. This gives traders confidence that momentum remains on their side.
Hyperliquid holds steady above $42 support, with bullish momentum building toward the $44–$49 breakout range. Source: MrCryptoceek via X
The breakout levels to watch are $44 to $49, where sustained closes would open a path toward higher valuations. On the other hand, failure to hold $42 could invite volatility, but the overall bias remains with the bulls so long as structure continues to defend key zones.
Staking and Buybacks Reinforce Supply Dynamics
On-chain data shared by Ray Tio shows over 660k HYPE (~$30M) staked, with positions continuing to grow due to systematic buybacks. This staking activity reduces circulating supply, strengthening price resilience even when trading volume softens.
Over 660k HYPE tokens are now staked, with buybacks tightening supply and reinforcing price stability. Source: Ray Tio via X
The accumulation effect is clear: more tokens are locked, fewer are available to sell, and each rally attempt finds stronger footing. Combined with daily fee inflows, this creates a supportive loop between fundamentals and technicals.
Hyperliquid Technical Analysis
The latest HYPE chart shared points to price consolidating above the $45 zone, with a key support block highlighted around $46.1. This level has been tested repeatedly, showing that buyers are still stepping in to defend structure. A hold here sets up the potential for another retest of the $48 to $49 range, which remains the first barrier for bulls to clear.
Hyperliquid consolidates above $45, with $46.1 acting as critical support and $49 as the breakout trigger. Source: HLProphet via X
A clean breakout above $49 would shift sentiment in favor of continuation, potentially opening the path towards the $52 to $55 zone. As HLProphet noted, the $46.1 block is critical in maintaining this setup, since losing it could pull the price back towards $44 support. For now, the bias leans neutral-to-bullish, but sustained volume above $49 is what traders will watch closely for confirmation.
Final Thoughts
Hyperliquid’s mix of strong fee generation, growing staking activity, and supportive technical structure shows why the token still carries weight despite new competition. The $46 to $49 zone has become a battleground, and how price reacts here could set the tone for the next leg. If bulls manage a clean breakout, momentum could quickly build toward the $55 to $60 area, giving the community’s fair-value call more credibility.
For now, traders are watching the balance between resilience and risk. Losing the $46 block could trigger short-term weakness, but the broader setup still leans in favor of continuation as long as staking and buybacks keep tightening supply.
With sentiment, technicals, and fundamentals all tied together, Hyperliquid Price Prediction looks primed for another test of higher levels.