HYPE trades tightly between $38 and $42 as traders await a breakout, with growing tension suggesting a decisive move may be nearing.
Despite a week of muted movement, Hyperliquid’s tight $38–$42 range has kept traders on edge. The token’s repeated rejections and rebounds show growing tension between bulls and bears, with both sides accumulating liquidity for the next decisive move.
HYPE Struck Between $42 and $38
Hyperliquid has spent over a week trapped in a tight $38 to $42 consolidation range, reflecting growing indecision. The repeated wicks near both boundaries show that liquidity is being built up on each side, while volatility compresses into what looks like an extended equilibrium phase. Volume has also decreased, suggesting that market participants are waiting for confirmation before taking larger positions.
Hyperliquid’s current price is $38.70, down -5.95% in the last 24 hours. Source: Brave New Coin
From a structural perspective, this zone carries weight, $38 has repeatedly acted as a liquidity pivot where bids defend short-term downside, while $42 represents the last failed breakout area. If buyers can sustain pressure above the midpoint at $40.5, this could trigger a move back towards $43 to $45, confirming range expansion.
SMA Rejections Shape the Next Move
After rebounding from its lower support region, Hyperliquid pushed higher to test its 50-day and 200-day SMAs, both positioned near the $42 mark. Umair Crypto observed how the dual rejection from these levels created a “double-top-like” reaction, yet the price has since maintained a higher-low structure, hinting that underlying momentum hasn’t fully faded.
Hyperliquid tests dual SMA resistance near $42 as buyers defend higher lows, signaling potential momentum buildup. Source: Umair Crypto via X
The current compression under these key averages is significant. A decisive daily close above $43 would realign the short-term moving averages, setting the stage for continuation towards $46 to $48 levels.
Hyperliquid Technical Analysis
Birtek’s chart highlights an early attempt at recovery, with price rebounding from $40.4 and printing a minor higher low. The move sets the stage for a potential retest of $43.2, which aligns with a previously established distribution zone. Short-term EMAs are beginning to curl upward, suggesting momentum may soon shift towards buyers.
Hyperliquid rebounds from $40.4 as short-term EMAs turn upward, signaling early signs of accumulation and potential breakout momentum. Source: Birtek via X
The overall pattern hints at accumulation rather than weakness. If the breakout above $43.5 gains traction, a push towards $46.8 or even $50 becomes likely, confirming a short-term reversal. However, staying below the $40 neckline could extend the sideways phase a bit longer.
Hyperliquid Price Prediction Targets $100
While short-term volatility has kept participants on edge, the larger timeframe tells a different story. Price continues to coil within a symmetrical triangle, with higher lows converging against lower highs, a structure that typically precedes an impulsive breakout. Momentum indicators are flattening, a classic pre-launch signal before volatility surges.
HYPE’s tightening symmetrical triangle suggests a potential breakout setup, with Fibonacci targets pointing towards the $100 zone. Source: James via X
James noted that Hyperliquid’s structure mirrors its previous breakout phases, each triangle compression historically resulted in a “fast and violent” move. If the upper trendline near $45 gives way, Fibonacci projections align with a potential target around $100.
Final Thoughts
Beneath the short-term technical swings, Hyperliquid’s ecosystem continues to grow stronger by the week. Protocol data shows expanding volume, active treasury accumulation, and consistent on-chain earnings, all while maintaining a fully transparent L1 environment. This combination of sustainable tokenomics and organic liquidity growth reinforces long-term confidence.
While traders debate resistance levels around $42 to $45, on-chain fundamentals tell a clearer story: capital continues to move into HYPE regardless of short-term sentiment. As technical compression meets fundamental expansion, the stage is set for a potential breakout phase, one that could carry Hyperliquid beyond the $100 zone if both trend and volume align.