Hyperliquid is holding a key support zone, with participants watching closely to see if strong fundamentals can drive the next breakout towards higher levels.

Hyperliquid price prediction has become a hot topic lately as the project shows both strong fundamentals and steady buying support. The constant buybacks are keeping supply tight, while revenue and trading volumes remain at record highs. This combination makes participants curious if the latest retest zones can hold and open the door for another move higher.

HYPE’s Market Structure Looks Stronger

Hyperliquid’s model of constant buybacks is once again in focus, with nearly 31 million HYPE accumulated through its automated TWAP program. This isn’t a one-off event but a 24/7 mechanism that steadily reduces available supply on the market.

Hyperliquid’s automated buybacks have absorbed nearly 31 million HYPE. Source: NMTD8 via X

For HYPE Hyperliquid price it creates a clear structural advantage, as ongoing absorption of tokens helps maintain consistent upward pressure, even during periods of market uncertainty.

What sets this apart is how directly the fundamentals tie into price action. The latest accumulation shows that the mechanism isn’t slowing down, and with liquidity thinning, it strengthens the case for sustained price support and further expansion of Hyperliquid’s market position.

Retest Zone Holds Key for HYPE

Jesse Peralta’s chart highlights how HYPE has cleanly broken through resistance and is now retesting the $51 to $52 zone, which has flipped into support. This level is important, as previous consolidations suggest buyers have been consistently defending it. If price can continue to hold above this band, it sets the stage for expansion back toward the higher range.

HYPE has flipped the $51–$52 zone into support, with buyers defending it as the next move toward $60 comes into focus. Source: Jesse Peralta via X

The structure remains constructive, with the recent pullback looking more like a healthy retest than a breakdown. The next resistance sits near $60, where momentum could face its next test. A close above that zone would open the door to further upside, supported by the broader trend of steady buy pressure and accumulation seen across Hyperliquid.

Strong Revenue and Volume Backdrop

On the back of strong technicals, HYPE’s fundamentals continue to remain very strong as well. Perpetuals volume has surged to nearly $400B per month, while monthly revenue has crossed the $100M mark, showing how quickly activity is scaling on Hyperliquid.

Hyperliquid’s revenue has topped $100M monthly, with trading volumes nearing $400B, marking record growth in 2025. Source: Milk Road via X

The chart from Milk Road also shows how revenue and trading volume have stayed consistently elevated throughout 2025, with July and August delivering some of the biggest months on record. For HYPE, this creates a solid fundamental backdrop, aligning perfectly with the constructive technical picture.

Contrary View: Bullish Channel Faces a Test

HYPE has been moving neatly inside a well-defined bullish channel, and the latest price action shows a touch near the upper boundary. This often signals a cooling phase as momentum takes a breather. The chart highlights a potential fair value gap (FVG) around the $48 to $50 zone, which could serve as a strong retest area. For now, the channel structure itself remains intact, meaning the broader uptrend is still respected.

HYPE’s bullish channel faces a near-term test, with a fair value gap at $48–$50 seen as a key retest zone. Source: Crypto Anbu via X

A short-term dip into that support pocket wouldn’t necessarily break the bullish case. Instead, it could reset momentum before another leg higher. As long as the price holds the lower channel boundary, the Hyperliquid price prediction leans higher.

Final Thoughts

Hyperliquid’s price action is showing the balance between strong fundamentals and the natural pauses that come with a channel trend. While the $48–$50 range could still act as a short-term retest zone, the broader picture remains bullish as long as price respects the channel’s lower boundary.

With buybacks continuing in the background and revenue holding at record levels, the structure leans supportive of further growth even if momentum briefly cools off.

For investors, the near-term path depends on how well HYPE can defend its newly flipped support at $51 to $52. Holding the supports would allow HYPE to push beyond $60 mark.