Hyperliquid (HYPE) Price Prediction: Bulls Defend $40 Support as Fibonacci Levels Point Toward $64–$70 Extension

Hyperliquid is holding firm above key support, with participants eyeing a breakout past $50 that could ignite its next major rally towards $70.

After several retests of the $40 to $42 zone, Hyperliquid has managed to hold firm in the mid $40s, showing resilience in the face of broader market volatility. Buyers have stepped in repeatedly to defend that base, carving out higher lows since late July and keeping the bullish structure intact.

Hyperliquid Hold Strong Around Key Levels

Hyperliquid continues to display resilience, trading firmly in the mid-$40s after defending multiple retests of the $40 to $42 support band. The chart shows how Hyperliquid price has maintained structure despite broader volatility, with higher lows forming since late July. This type of price action suggests accumulation, as buyers consistently step in around the same zone. As long as HYPE price holds above the $40 threshold, the bullish undertone remains intact, even in the face of short-term pullbacks.

Hyperliquid’s HYPE defends the $40–$42 support zone, holding firm as bulls eye a breakout towards $50. Source: Hydraze420 via X

Technically, the $48 to $50 region stands out as the next key resistance to reclaim, with a clean breakout likely to open the path towards $55 and beyond. Analyst Hydraze420 believes the current consolidation reflects a phase of relative strength, positioning Hyperliquid as one of the steadier altcoins in an otherwise choppy market.

HYPE Technical Analysis

Ahmed’s analysis highlights two critical zones: a strong demand area between $39 to $41 and a supply zone at $47 to $49. Price is currently trading in the middle of this range, attempting to stabilize after a rejection at the upper band. The yellow projection suggests a potential accumulation phase where HYPE could oscillate before mounting another test of resistance.

HYPE trades between $39–$41 demand and $47–$49 supply, with higher lows hinting at a possible breakout above $49. Source: Ahmed via X

This aligns with prior market behavior where buyers have consistently defended dips into the green zone, reinforcing it as a short-term base.

For bulls, the key remains a clean breakout above the $49 mark, which would confirm strength and pave the way towards $55 and higher. The structure remains range-bound but constructive, as repeated higher lows inside the green zone keep the possibility of an upside breakout alive.

HYPE On-Chain Strength Backs Price Action

Fresh data from Tobias Reisner points to strong fundamentals supporting Hyperliquid’s current structure. The SWPE ratio for HYPE stands at 3.19, indicating elevated trading efficiency and healthy revenue alignment. While the taker pressure imbalance sits slightly negative at -0.17, it reflects a market still dominated by buyers absorbing sell pressure without breaking the broader uptrend.

Hyperliquid’s on-chain metrics show strong efficiency with a 3.19 SWPE ratio, reinforcing bullish stability despite minor sell pressure. Source: Tobias Reisner via X

The charts highlight how on-chain metrics have consistently moved in harmony with price since mid-year, reinforcing the bullish undertone. As long as fundamentals continue to align with technical support zones, HYPE Hyperliquid appears well-positioned for sustained stability and potential upside.

Hyperliquid Price Prediction: Fib Rebound Case Builds Above $40

Hyperliquid’s 4h chart shows price pulling back into a tight Fibonacci confluence, with the 0.5 at $42.20, 0.618 near $40.60, and 0.786 around $38.40 forming a blue demand box. That area lines up with the prior wave-4 base, keeping the higher-low structure intact for now. Analyst Crypto Wave Vision notes his long was filled at $42.20 and that a brief dip toward $40.60 could still print a local bottom before continuation, consistent with momentum gauges beginning to stabilize after the selloff.

HYPE tests Fibonacci support above $40, with price eyeing a potential breakout toward $64–$70. Source: Crypto Wave Vision via X

On the upside, reclaiming $48 to $50 would strengthen the case for an impulsive advance towards the 1.618 extension around $64.3. with final targets at $70 level. For now, holding the $40 to $42 zone keeps the bullish roadmap in play.

Final Thoughts: Will HYPE’s Buyback Spark the Next Rally?

Hyperliquid’s latest buyback activity, over $101M worth of HYPE repurchased in just 30 days, adds another layer of conviction to its bullish setup. Averaging more than 100K tokens per day, this consistent accumulation reflects strong confidence from project backers and provides a steady demand base right around the key $40 to $42 support. When combined with the technical picture of higher lows and the Fibonacci rebound zone, it reinforces the idea that downside pressure may remain limited while upside scenarios grow increasingly likely.

Hyperliquid’s $101M buyback in 30 days fuels bullish confidence

The path higher will rely on clearing resistance at $48 to $50. If bulls can establish control there, momentum could carry Hyperliquid toward $64.3 and potentially $70 in the medium term.