Hyperliquid (HYPE) Price Prediction: Heavy Resistance at $50 Tests Bullish Momentum Amid High Open Interest

Hyperliquid is trading just below heavy resistance near $50, as price weighs strong on-chain momentum against signs of a potential short-term slowdown.

Hyperliquid has been one of the strongest altcoins in the market this cycle, often leading the charge while others played catch-up. But after an explosive run from $15 to above $45, the rally is starting to show signs of exhaustion. With price stalling just below $50 and sell walls thickening, some participants are beginning to wonder: is Hyperliquid gearing up for an extended correction.

Hyperliquid Faces Key Sell Wall Till $50

As Hyperliquid continues to attract attention, a clear hurdle has appeared on the order book. The latest data shared by Holosas shows over $11.7 million in active sell orders stacked between the $47 and $50 range, with the largest single wall sitting right at the $50 mark. This is a major area of supply that could slow down price momentum unless significant demand steps in.

Hyperliquid faces over $11.7M in stacked sell orders between $47 and $50, creating a key resistance zone. Source: Holosas via X

While momentum has been building steadily, the presence of these thick sell layers suggests that HYPE may need more time or stronger catalysts to break through cleanly. Until these walls are absorbed or removed, the price action could see some stalling or short-term rejections in this zone.

Hyperliquid On-Chain Activity Signals Strong Participation

Following the heavy sell wall near $50, the latest data from Bitcoinensus shows that on-chain activity is heating up. Open interest has surged to a high near $13 billion, suggesting that traders are increasingly positioning themselves for larger moves. Platform fees are also climbing fast, pointing to real user engagement rather than just speculative bursts.

Hyperliquid open interest hits a record $13B as user activity and platform fees surge. Source: Bitcoinensus via X

While this growth, fueled partly by Phantom wallet integration, is a strong sign of network traction, it also comes with a note of caution. High open interest can sometimes make the market more fragile, especially if sentiment shifts quickly. If any sharp correction hits, over-leveraged positions could trigger a wave of liquidations, adding to volatility.

Hyperliquid Price Stalls Despite Strong On-Chain Metrics

Even with rising platform activity and new all-time highs in open interest, Hyperliquid’s price hasn’t followed suit. As highlighted in the chart shared by Chilearmy123, Hyperliquid has been trading sideways and is slightly down over the past seven days, even as the rest of the market trends higher. The current level around $47 seems to reflect indecision, with buyers not fully stepping in and sellers keeping price capped just below key resistance.

Hyperliquid’s current price is $46.14, up 3.15% in the last 24 hours. Source: Brave New Coin

Sometimes, prices lag behind fundamentals, especially when heavy sell walls, like the ones spotted between $47 to $50, are still active. For now, the market may just be waiting for a stronger signal or shift in sentiment to absorb supply and break higher. Until then, HYPE’s chart could remain choppy in the short term, despite the positive triggers underneath.

Hyperliquid Dips Into Key Buy Zone

Adding to the recent chop in price action, the latest liquidation heatmap shared by MartyParty shows HYPE flushing directly into the blue “buy zone.” These zones often highlight areas where previous liquidations have triggered, and where bids may start to build up again. With price touching the lower end of the range just below $45, this could act as a temporary demand zone, especially if sell-side pressure starts to cool. While the broader trend remains uncertain due to the nearby sell wall, the current dip is now sitting in a zone that has historically triggered bounce attempts.

Hyperliquid dips into key buy zone near $45, a level that has previously triggered strong bounce reactions. Source: MartyParty via X

Contrary View: HYPE’s Price Structure Still Favors the Bulls With $60

Despite the hesitation near the $47 to $50 zone, Dolly views the current range as a base, not a ceiling. The current pullback is still well within structure, and as long as the $42 to $44 zone holds, the technical setup remains tilted toward the bulls. Crypto analyst Dolly also points out that Hyperliquid price is potentially in the early stages of another leg higher, one that could test or even break the previous all-time high.

Analyst Dolly sees current range as bullish consolidation, eyeing a potential breakout toward $60. Source: Dolly via X

The move from $15 to above $45 has shown strong follow-through, and dips have consistently been met with support. If buyers manage to absorb the remaining supply near $50 and reclaim it with volume, the stage could be set for a fast expansion into the $60s.

Final Thoughts: Hyperliquid Cautiously Bullish

While the structure still leans bullish, it’s not without caution. The $47–$50 range remains a serious hurdle, and until that wall is absorbed with volume, upside progress could stay limited. Despite strong on-chain momentum and community optimism, the market hasn’t fully committed. Price action suggests hesitation, and with open interest at all-time highs, even a small wave of liquidations could trigger sharper downside if sentiment turns.

Still, the broader setup isn’t broken. As long as HYPE holds the $42 to $44 zone, bulls remain in control of the larger trend. But any further dip below this range could shift things quickly.