Hyperliquid is regaining strong bullish momentum, with rising on-chain activity and key technical levels hinting at the start of its next major upside move.
Hyperliquid’s latest rally has caught the market’s attention, signaling a sharp shift in sentiment after days of uncertainty. Once pressured by profit-taking, HYPE has bounced back with strength, fueled by new ecosystem upgrades and record-breaking on-chain metrics.
On-Chain Data Confirms Hyperliquid’s Dominance
Hyperliquid continues to outperform every major chain by transaction fees, solidifying its lead in network usage and economic activity. Recent Artemis data shared by Jesse Peralta shows it generating more fees than BNB Chain, Tron, and Solana combined. Such performance is typically bullish for long-term valuation, as fee revenue often correlates with active user growth and liquidity demand.
Hyperliquid’s transaction fee dominance surpasses top chains like BNB, Tron, and Solana. Source: Jesse Peralta via X
The expanding gap between Hyperliquid and other chains suggests that capital rotation is still flowing towards it. With DEX volumes and trading efficiency metrics improving steadily, the network’s fundamentals now mirror those of a maturing ecosystem entering a high-growth phase.
Strong Rebound Reinforces HYPE Market Confidence
After an aggressive sell-off to $31.8, Hyperliquid’s sharp bounce back above $46 highlights robust buyer interest. The market’s recovery has been powered by several catalysts, HIP-3, equity perpetuals, and DATs deployment worth over $300M expected soon. These developments, highlighted by Henrik, are reigniting on-chain and trading activity, marking a clear resurgence in market confidence.
Hyperliquid rebounds sharply from $31.8, fueled by HIP-3, equity perpetuals, and $300M DAT deployments, signaling renewed investor confidence. Source: Henrik via X
Technically, the reclaim above the EMA cluster around $45 to $46 confirms a bullish reversal, positioning HYPE for a continuation leg towards key resistance near $50. The combination of new product rollouts and increasing market depth strengthens the probability of a sustained uptrend in the coming sessions.
Bullish Targets Emerge as Momentum Builds
Crypto Tony’s lower-timeframe charts reveal a clean impulsive structure as Hyperliquid continues its recovery leg. The Elliott Wave projection shared suggests the next immediate target lies around $51.30, aligning with short-term resistance from the previous local top. If momentum sustains, the structure could extend towards $55 to $57, marking a potential completion of the current wave set.
Hyperliquid’s impulsive wave structure points toward $51.3 and potentially $57 as bullish momentum strengthens. Source: Crypto Tony via X
With intraday EMAs sloping upward and volume expanding, the market structure is favoring continuation. Buyers maintaining control above the $46.50 pivot zone would likely fuel further upside, keeping short-term sentiment strongly bullish.
Hyperliquid Price Prediction: Next Resistance in Sight
The broader structure remains healthy, with HYPE Hyperliquid pirce recovering from a multi-week base and pushing towards the next upside targets at $65 to $70, where key resistance awaits. This range coincides with Fibonacci extension levels.
Hyperliquid’s recovery targets the $65–$70 resistance zone, aligning with key Fibonacci extensions and bullish momentum. Source: x256xx via X
Until that area is tested, momentum remains constructive. The RSI’s steady climb without showing overextension reflects a balanced recovery. If HYPE manages to clear the $70 region with strong volume, it could set the stage for a retest of higher targets, potentially marking a shift towards a new bullish hyperliquid price prediction.
Final Thoughts: HYPE’s Uptrend Strengthens
Hyperliquid’s momentum looks increasingly sustainable as both on-chain and technical metrics align in favor of the bulls. Fee dominance, rising liquidity, and ecosystem expansion, particularly through HIP-3 and DAT deployments, are reinforcing confidence across participants and investors. The market’s ability to reclaim lost ground so quickly after the recent sell-off highlights strong underlying demand.
If HYPE continues holding above the $45 to $46 support base, the next major test lies near $51.3 and then $65 to $70, where profit-taking zones could emerge. A clean breakout beyond that region, backed by sustained network activity, would open the door for a larger continuation phase in Q4.
Overall, sentiment is shifting bullish again, and as long as price maintains its lead in on-chain revenue and trading volumes, the Hyperliquid Price Prediction suggests this rally might just be entering its next expansion wave.