HYPE is tightening inside a bullish structure as it tests the key $35–$36 resistance zone, with traders watching closely for a potential breakout-driven continuation move.
Hyperliquid HYPE continues to show impressive resilience, with the price reclaiming the mid-$30 range and pushing back into a structure that suggests buyers are regaining control. Traders have been monitoring this rebound closely, especially as short-term momentum begins leaning upward while broader fundamentals for the Hyperliquid ecosystem remain exceptionally strong.
The current recovery comes at a time when market sentiment across altcoins is mixed, giving HYPE’s tightening technical structure added significance. With price hovering around $33–$35, traders are assessing whether this buildup is laying the groundwork for a stronger continuation move into higher resistance zones.
HYPE Shows Strong Intraday Momentum Above $35
A notable short-term development comes from HYPEconomist, who pointed out that HYPE “looks like it wants to go higher” as the token reclaimed the $35 region. The repeated taps of $34 to $35 over the past sessions have created a tightening pattern of higher reaction points, showing incremental pressure building beneath resistance.
HYPE continues to build upward pressure with repeated rebounds from the $33–$34 zone, signaling strong intraday momentum above $35. Source: HYPEconomist via X
Each dip towards $33 has been met with strong buy-side activity, forming a series of higher highs and higher lows that typically precede breakout attempts. If HYPE maintains its hold above the mid-$34 area, a push towards the $36 to $37 region becomes plausible, marking the next immediate resistance zone on lower timeframes.
HYPE Inside an Ascending Triangle
A deeper technical observation comes from Aman, who mapped out HYPE’s progression inside a rising channel. According to his view, price is “climbing inside the channel, breakout retest setup loading,” which often signals the early phase of a continuation push after accumulation.
HYPE continues to compress against the upper boundary of its rising channel, hinting at a potential breakout toward higher liquidity zones. Source: Aman via X
The channel’s lower boundary around $31 to $32 has consistently held, while the upper boundary near $35 to $36 is now being tested with increasing frequency. This type of compression against the channel’s ceiling typically reflects buyer dominance, especially when accompanied by rising volume or expanding candles.
If HYPE bursts through this channel resistance and confirms the breakout with a retest, the next structural targets emerge around $38 and $41. These zones align with prior consolidation blocks and represent the next liquidity clusters where price could gravitate.
On-Chain Strength Reinforces Bullish Bias
Adding to the bullish narrative, Hyperliquid Daily highlighted that HyperliquidX remains the undisputed #1 perpetuals DEX in terms of usage metrics. The protocol is currently recording nearly $8 billion in daily perpetuals volume and more than $6.5 billion in open interest, outpacing major rivals across liquidity depth and user activity.
HyperliquidX maintains its lead as the top perpetuals DEX with record volume and open interest, reinforcing bullish confidence in HYPE. Source: Hyperliquid Daily via X
Such strong on-chain fundamentals tend to provide a supportive backdrop for the price. High throughput and sustained user adoption often lead to increased platform activity, which has historically correlated with improved token stability during market volatility.
Whale Positioning Shows Mixed Sentiment
A different angle came from Glassnode, noting that whales on Hyperliquid had previously turned net-long during the decline from $90K to the low-$80K range on BTC pairs. While that long exposure has since unwound slightly, their current stance reflects only modest net-short rotation, implying shallow conviction rather than aggressive distribution.
For HYPE, this indicates that large participants are not pricing in severe downside risk at the moment. Despite fluctuations in directional exposure, whales are not signaling sustained bearish pressure.
Whale positioning shows only mild net-short rotation, suggesting large holders are not pricing in major downside risk for HYPE. Source: Glassnode via X
The absence of panic selling or large-scale capitulation supports the broader argument that HYPE may be preparing for another push higher once overhead resistance levels are cleared.
Price Predictions and Outlook
HYPE’s next major move will depend on how it interacts with the $35 to $36 resistance zone. A strong breakout through this region could mark the beginning of a continuation rally, pushing price towards the $38 to $41 range as the next major upside cluster. Sustained strength above these levels would reinforce the bullish narrative, allowing HYPE to potentially retest the $43 to $45 region depending on market momentum.
Hyperliquid’s current price is $32.90, down -1.62% in the last 24 hours. Source: Brave New Coin
However, if price gets rejected again around $35 to $36 and fails to maintain the ascending channel structure, a pullback towards $32 to $31 becomes more likely. Such a shift would not invalidate the broader uptrend but would extend the consolidation phase and delay any breakout attempts. A deeper loss of support would bring the $29 to $28 range into focus as the next major demand zone.
Much of HYPE’s outlook hinges on whether buyers can generate strong follow-through pressure above the channel ceiling. Once that resistance is cleared decisively, the path toward higher levels becomes far more open.
Final Thoughts
Hyperliquid’s price action is showing signs of strength, but the market still needs a clear breakout above the $35–$36 region to confirm the next upward phase. Analysts remain optimistic, backed by strong technical structure and powerful ecosystem fundamentals, yet caution persists as long as overhead resistance remains intact.
For now, the key lies in observing whether HYPE can convert its rising momentum into a decisive move beyond resistance. A successful breakout would likely trigger a broader continuation rally, while failure to do so may simply lead to more consolidation before the next attempt.
