HYPE set to reach a new all-time high of $48 – Here’s why

• HYPE was trading within a bullish flag pattern, signaling a possible breakout toward $50.
• Key indicators, including rising Total Value Locked (TVL), suggested that the market rally was gaining momentum.

Over the past 24 hours, Hyperliquid [HYPE] recorded a significant price swing of 14.67%, reclaiming the $26 range—last seen in early January. This followed a brief monthly decline of 6.09%.

Current market trends and strong bullish alignment indicated further upward momentum, positioning HYPE for continued gains in the coming weeks.

HYPE’s final countdown

The final stage of the bullish flag pattern—a rally followed by consolidation and a concluding price surge—has begun unfolding for HYPE. This classic technical formation positions the asset for a potential breakout.

Since its launch, HYPE has surged by 257.03%, followed by a consolidation phase within well-defined support and resistance levels. Recently, HYPE broke out of this range, entering the final leg of the pattern.

Source: TradingView

If the pattern holds, HYPE could mirror its initial rally, climbing another 113.8% to approximately $48.3, setting a new all-time high.

Early signs of this upward move have already emerged as HYPE breaches its consolidation level, indicating bullish momentum.

However, if HYPE fails to form higher highs and higher lows, it may slip back into its consolidation phase.

AMBCrypto’s analysis highlights strong market sentiment and positive metrics, which suggest HYPE is more likely to maintain its upward trajectory and continue making higher highs.

Momentum shifts as key indicators turn bullish

Key technical indicators, including the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), are now showing a bullish trend for HYPE.

The RSI, which measures the speed and magnitude of price changes, has returned to the positive region above 50 for the first time since the 13th of January.

When the RSI holds above this level, it typically indicates increased buying pressure and the potential for continued price growth.

Source: TradingView

Meanwhile, the MACD has formed a golden cross—a bullish pattern that occurs when the blue MACD line crosses above the orange signal line.

This development, as seen on the chart, suggests strengthening upward momentum.

Should both lines cross into the positive region (at -0.051 and -0.161 at press time), the bullish wave could accelerate, supported by a rising green histogram.

On-chain metrics provided further confirmation of improving sentiment.

Total Value Locked (TVL), a key indicator of blockchain health and liquidity inflow, has risen to $1.795 billion, up from its low of $1.559 billion on the 19th of January.

Source: DeFiLlama

Read Hyperliquid’s [HYPE] Price Prediction 2025–2026

This gradual increase in TVL reflected growing investor confidence and hinted at potential further gains for HYPE.

If these trends persist, HYPE could see sustained upward momentum as market sentiment continues to improve.