HYPE's cost reaches crucial point, but is a $50 increase truly imminent?
A recent analysis of Hyperliquid (HYPE) reveals a mixed outlook for the cryptocurrency, with some bearish indicators in the short term but potential for an uptrend if key resistance levels are broken.
According to data from Coinglass, traders have built long positions worth $10.91 million over the past 24 hours, indicating a bullish sentiment. However, this optimism is tempered by the fact that HYPE's price has hit the upper Bollinger Band on the charts, a level that represents significant liquidation zones and areas where traders may be heavily over-leveraged.
The past 24 hours have seen HYPE's price climb to $45.50, up 4.5% from its previous value. The trading volume has surged by 15%, a clear sign of increased participation from investors and traders.
Short-term Bearish Momentum and Price Predictions
Multiple sources forecast a notable price drop in the coming days. For instance, HYPE is expected to decline by about 23.27% to around $31.56 by August 26, 2025, from its current $40.92 level. This weakening price trend has led to a "Neutral" sentiment overall.
Technical indicators such as the Relative Strength Index (RSI) and On-Balance Volume (OBV) show weakening buyer momentum and increased selling pressure, suggesting bearish momentum. HYPE recently dropped approximately 16% from its recent highs near $50 and is trading below a key mid-range support at $42. Bears may aim for further declines toward the lower range around $36, which is seen as a potential support zone and a shorting opportunity.
The "Supertrend" and 30-day liquidation heatmap also support ongoing downside risk, with critical resistance levels at about $45 and $50 possibly capping further rallies in the short term.
Bullish Potential if Resistance Breaks
Some analysis notes that a clean breakout above the $50 resistance could trigger a strong upward move, with targets near $60 and even as high as $100 if momentum and buybacks intensify. Consolidation near support levels could set the stage for such a breakout if buying interest returns.
Summary
Currently, Hyperliquid faces short-term bearish momentum, with predictions indicating a potential price drop to the low $30s and support around $36. However, if the token breaks above the resistance near $50, it could resume an uptrend toward $60 or beyond. Traders should watch key technical levels at $36 (support), $42 (pivot), and $50 (resistance) alongside momentum indicators like RSI and OBV to gauge near-term price direction.
At press time, the RSI of HYPE stands at 60, indicating that the asset is well below the overbought territory. Some experts believe HYPE may be ready to make a new all-time high. The asset has been on an uptrend since the beginning of May 2025, consistently taking support from an ascending trendline.
Widespread attention has been given to the predictions about HYPE's potential in the coming days, reflecting growing interest and confidence in the asset. Hyperliquid (HYPE) has registered an impressive 27% uptick over the past week.
- Despite a bullish sentiment shown by traders as they built long positions worth $10.91 million on HYPE, the overall market sentiment remains neutral due to technical analysis indicators predicting a potential price drop.
- The Relative Strength Index (RSI) and On-Balance Volume (OBV) suggest weakening buyer momentum and increased selling pressure, indicative of bearish momentum in HYPE.
- In the finance world of investing in cryptocurrencies such as BTC, ETH, and HYPE, traders and investors should be mindful of key technical levels, like the $36 support, $42 pivot, and $50 resistance, to gauge the near-term price direction of Hyperliquid.
- As the RSI of HYPE stands at 60, and it has been on an uptrend since May 2025, some experts predict that HYPE may be ready to make a new all-time high.
- With the recent attention given to predicting HYPE's potential in the coming days and its impressive 27% uptick over the past week, there is growing interest and confidence in the cryptocurrency market, including Bitcoin and Ethereum, regarding Hyperliquid (HYPE).
