Hyperliquid Price Prediction: What’s Ahead for the $HYPE?

HYPE Price Prediction: Is Hyperliquid Set for a Parabolic Price Rally?

The Hyperliquid price pumped 14% in the last 24 hours to trade at $27.00 on trading volume that skyrocketed 2% to $348 million.

The HYPE/USDT chart analysis on Daily timeframe reveals a notable upward trend, supported by bullish price action and strengthening technical indicators.

The HYPE daily chart shows a strong bullish rally, with consistent green candles over the last two weeks. The price surged from approximately $10 to $26.73, reflecting over 160% gains.  

Bullish Trends Supporting Price Surge  

1. Strong Upward Momentum:  

   The chart shows minimal red candles, signaling dominance by buyers. Bullish sentiment remains firm, with the price consistently forming higher highs and higher lows.

2. Volume Confirmation:  

   The steady rise in price suggests increasing buying volume, likely from both retail traders and institutional investors capitalizing on this breakout.

3. Next Resistance Level:  

   If the current trend continues, HYPE could test the psychological resistance level at $30. A successful breakout above $30 may pave the way for a further rise towards the $35–$40 range.

4. RSI Indicator:  

   The RSI is hovering near the overbought zone, indicating strong buying pressure. However, traders must remain cautious of potential pullbacks or profit-taking.

Hyperliquid Price Prediciton

- Short-Term Target: $30–$35.  

- If Momentum Sustains: A move towards $40 is possible.  

- Key Support: The $20 level will serve as a critical support zone in case of corrections.  

What’s Next For HYPE?

In the past 13 days on the daily chart, 9 green candles have formed compared to just 4 red ones, indicating solid bullish momentum and dominance by buyers. If this trend continues, HYPE could potentially surge to the $50–$100 range soon.