Hyperliquid (HYPE) is consolidating near $54, with participants watching closely to see if it can break resistance and continue its push toward higher targets.
Hyperliquid has quickly become one of the most talked-about projects in crypto, not just because of its strong price action but because of the fundamentals behind it. At the same time, price action has reached an interesting stage. After breaking out of a key resistance zone near $49, HYPE is now consolidating in the $53 to $54 range with a continuation pattern.
Hyperliquid Fundamentals Matching Elite Club
Hyperliquid has reported over $1.2B in net income, surpassing Nasdaq’s 2024 figure of $1.13B. The comparison stands out not just for the scale but for how efficiently it’s achieved, with Hyperliquid operating on a workforce hundreds of times smaller.
Hyperliquid surpasses Nasdaq with $1.2B net income. Source: ASXN via X
With 98% of revenue directed into token buybacks, the fundamentals translate straight into market dynamics. Supply on exchanges continues to thin while consistent buy pressure builds a strong floor for HYPE. It’s this cycle of revenue turning into direct demand that is already supporting price action and setting the tone for further upside as the model compounds over time.
HYPE Valuation Still Has Room to Run
At a market cap of $17.94B, HYPE is now ranked just outside the top 10, but is still viewed as undervalued given its earnings power and aggressive buyback model. Price action around $53 to $54 shows a market that is consolidating, with dips continuing to be met by steady buying pressure.
Analyst Brook suggests that buyers remain confident, leaning on the strong fundamentals already backing the project. The community focus has now shifted towards the $100 mark, a level seen as the next major milestone. With net income outpacing established giants like Nasdaq and buybacks steadily reducing supply, the conditions are being laid for higher price discovery.
Hyperliquid Next Major Target at $72
HYPE has confirmed a breakout from its symmetrical triangle pattern, pushing above the $49 resistance level that had capped price action for weeks. Analyst CryptoWZRD highlights that this move strengthens the bullish structure, with the breakout now opening the way towards higher Fibonacci extensions.
Price is currently stabilizing around $54, and the market structure suggests that as long as HYPE holds above $49, the breakout remains valid.
Hyperliquid confirms triangle breakout above $49, with bullish momentum now eyeing the $72 target. Source: CryptoWZRD via X
The next major upside target sits near $72, which lines up with the measured move from the triangle formation. While pullbacks are always possible, they’re more likely to act as retests rather than trend reversals given the broader strength in fundamentals and buyback-driven demand.
Hyperliquid has Key Short-Term Hurdle Ahead
HYPE is now testing the upper boundary of its rising channel, where supply pressure tends to emerge. Trader Sam notes that price is consolidating near $54, a zone that has acted as a ceiling in the short term. The chart shows repeated struggle along the channel top, suggesting that while momentum remains bullish, this region could slow the pace unless volume picks up.
HYPE consolidates near $54 resistance, with bulls needing a breakout to keep $60 and $72 targets in play. Source: Trader Sam via X
The lower channel support sits closer to $48 to $50, a level that has repeatedly cushioned pullbacks and maintained the trend structure. As long as buyers defend that zone, the broader uptrend remains intact. Clearing $54 with conviction would flip the current resistance into support, keeping the next target levels near $60 and beyond in focus.
Final Thoughts
Hyperliquid has built a unique place in crypto, with strong fundamentals that even compare to big financial players. Generating over $1.2B in net income and putting most of it into buybacks has created a powerful cycle few projects can match. The $53 to $54 range is now the key test, and a clear move above it could spark momentum towards $60 and higher.
Hyperliquid’s current price is $54.35, up 0.82% in the last 24 hours. Source: Brave New Coin
For traders and investors, the main question is whether price can push through resistance and keep Hyperliquid’s Price Prediction alive. The $72 target remains in sight, backed by strong earnings and shrinking supply. As long as demand holds, Hyperliquid looks well set for further growth, even if short-term hurdles slow things down.