Hyperliquid defies crypto crash: Is a $50 breakout next for HYPE?

Key Takeaways

Why did HYPE gain strength while the broader market dropped?

HYPE surged because volume expanded, a forming Adam and Eve structure emerged, and Open Interest spiked with strong leveraged demand.

What confirms whether HYPE can break toward $50 and $60?

A long–short ratio above 2.0, sustained positive funding, and continued price acceptance above $42.75 confirm the breakout path.

Despite intense market volatility dragging most altcoins lower, Hyperliquid [HYPE] posted a strong 6.7% surge that signals fresh demand. At press time, HYPE traded near $41.28 as its market cap grew 6.7% to $13.9 billion. 

Notably, the trading volume also jumped 57.58% to reinforce strong intraday participation. Although risk assets struggle, HYPE attracts fresh buy-side strength across both spot and derivatives markets. 

Moreover, traders rotate toward selective exposure, and HYPE benefits from this shift as volatility slows. The pair now builds early momentum near the lower consolidation boundary. 

Additionally, key intraday candles show stronger wick rejections that signal aggressive bids. However, the chart still demands confirmation before the trend fully stabilizes.

 The ‘Adam and Eve’ structure explained

HYPE prints a developing ‘Adam and Eve’ pattern that signals early momentum despite ongoing market uncertainty. 

The Adam section forms a sharp V-reversal from the triple-bottom demand zone, while the Eve portion creates a gradual, rounded base. This structure builds strength above the $38 region, and buyers defend this zone with confidence. 

Moreover, the chart shows renewed attempts to reclaim $42.75, a level that often dictates short-term sentiment. If buyers maintain pressure, HYPE may test $50.64, which aligns with the broader resistance cluster. 

Furthermore, sustained demand may open a path toward $60.05. However, the pattern still needs a clean breakout, and traders should watch intraday reaction levels closely.

Source: TradingView

Open Interest jumps sharply!

At the time of writing, Open Interest (OI) rose 10.89% to $1.77 billion, and this surge reinforces strong speculative engagement during a period where most assets weaken.

HYPE attracts leveraged exposure while the broader market struggles, and this contrast highlights growing conviction. 

Additionally, the increase suggests that traders expect continuation rather than a short-lived spike. The chart shows rising OI aligning with intraday price strength, and this combination often signals confidence about further upside attempts. 

Moreover, the OI trend mirrors renewed attempts to reclaim $42.75, and this adds weight to the bullish narrative. However, high OI also increases volatility risk, and traders must monitor any sudden directional shifts closely.

Source: CoinGlass

Why are top traders aggressively shifting toward longs?

Binance top-trader positioning showed 66.78% longs against 33.22% shorts, and this imbalance signals strong expectations for further upside.

The Long-Sort Ratio sat at 2.01 at press time, and this reflects a decisive tilt in trader sentiment. 

Additionally, the rise correlates with the developing Adam and Eve structure, which attracts early breakout speculation. While retail traders remain cautious due to the broader crash, skilled traders take advantage of discounted regions and strengthen long exposure. 

Furthermore, the rising ratio aligns with key levels reclaiming strength near $39 and $42.75.

However, such a strong long bias can amplify liquidation risks if momentum weakens unexpectedly, and traders should manage exposure with discipline.

Source: CoinGlass

Do positive Funding Rates reveal buyers tightening their control?

Funding rates stay positive across HYPE’s derivatives markets, and the OI-weighted reading at 0.01991% confirms sustained long aggression.

Buyers maintain control through consistent bid activity, and this behavior counters the market-wide sell pressure. 

Besides, positive funding aligns with the rising OI and Long-Short Ratio, creating a synchronized bullish structure. The chart also shows frequent funding spikes during intraday recovery attempts, and these spikes often reinforce upward continuation. 

Additionally, traders display confidence as they willingly pay funding to maintain long exposure. However, elevated funding requires caution because extreme values may encourage short-term pullbacks.

Source: CoinGlass

To conclude, HYPE demonstrates unusual resilience as multiple metrics align to support a potential continuation toward key resistance levels. 

The forming Adam and Eve structure, rising OI, long-heavy trader positioning, and sustained positive funding create a strong case for a bullish breakout. 

If buyers maintain pressure above $42.75, HYPE may gain enough momentum to test $50.64 next, with $60.05 remaining the extended target.