Hyperliquid climbed nearly 8% over the past 24 hours, reclaiming a key support zone and reigniting discussions about whether the asset can challenge its previous all-time high near $75.
The latest rally comes as technical indicators continue to favor buyers, while broader market sentiment remains constructive. With HYPE recovering from recent lows around $53 and trading back in the mid-$60 range, traders are closely watching whether the momentum can carry the token into a fresh price discovery phase.
HYPE Reclaims Critical Support as Bulls Target Higher Levels
Recent market data shows HYPE trading around $64-$65 after successfully reclaiming the psychologically important $60 level. The recovery follows a correction that erased roughly 20% to 30% from its all-time high region near $75-$76.
HYPE has rebounded strongly from the $53 low, maintaining a bullish structure of higher highs and higher lows while holding above the key $60 support level. Source: @HypedLaunches via X
Crypto market commentator @HypedLaunches highlighted the shift in momentum, noting that HYPE has established a series of higher lows and higher highs on lower timeframes after bouncing from support near $53. According to the analysis, the immediate resistance zone sits between $65 and $66, while a breakout could open a path toward $70 and potentially a retest of all-time highs.
The same analysis identifies $60 as the first major support level, with stronger buying interest emerging around $56 if selling pressure returns.
From a market structure perspective, reclaiming lost support after a correction is often viewed as a sign that buyers are regaining control. However, traders are still looking for confirmation through sustained volume and a decisive move above nearby resistance levels.
Hyperliquid Technical Analysis Points to a Constructive Trend
On the 4-hour timeframe, HYPE continues to display characteristics of an asset attempting to resume its broader uptrend.
TradingView-based technical assessments show a generally positive outlook, with moving averages remaining firmly bullish. Several short-term and long-term exponential and simple moving averages continue to trend upward, while the 50-day moving average remains above the 200-day moving average—a formation commonly known as a golden cross.
HYPE’s price could break above the $75 resistance and print a new ATH, following the current bullish momentum. Source: mohamadvalizibayi on TradingView
This long-term bullish alignment typically signals that momentum remains favorable despite temporary corrections.
Meanwhile, oscillator readings paint a more balanced picture. Indicators such as the Relative Strength Index (RSI), MACD, Stochastic Oscillator, and Williams %R have generally moved back toward neutral territory following the recent pullback.
The absence of extreme overbought readings suggests the market has cooled from previous highs, potentially allowing room for additional upside if buying demand strengthens.
Analysts also note that HYPE remains within a broader rising market structure that has been intact for several months. Previous bullish breakouts from consolidation zones have often led to extended rallies, making the current recovery phase an important area to monitor.
Key Price Levels Traders Are Watching
As HYPE stabilizes near the mid-$60 region, several technical levels have emerged as important reference points.
On the downside, support remains concentrated between $56 and $60. A sustained break below this range could expose lower support zones around $50, while a deeper correction could bring the $45 area into focus.
$HYPE must hold the $60-$62 support zone to plot a bullish breakout of the immediate resistance near $70. Source: andrew_chow11 on TradingView
On the upside, resistance begins near $65-$66 and extends toward the previous high zone between $70 and $76.
A successful breakout above $70 would likely strengthen bullish sentiment and could create conditions for a move beyond previous record levels. Some technical models suggest that clearing the all-time high region could eventually place the $80 level into view, although confirmation would require strong volume and continued market participation.
For now, traders appear focused on whether HYPE can convert current resistance into support before attempting another leg higher.
Strong Fundamentals Continue Supporting Hyperliquid
Beyond price action, Hyperliquid’s underlying ecosystem remains a major factor behind investor interest.
The Layer-1 network has built a reputation around decentralized perpetual futures and spot trading, with consistently high trading activity helping drive demand across its ecosystem. The platform’s fee-generation model, token burn mechanisms, ecosystem integrations, and growing institutional attention have strengthened its position within the digital asset sector.
Hyperliquid (HYPE) price chart. Source: Brave New Coin
Market participants have also been monitoring rising open interest levels and whale activity, both of which can influence short-term price movements. While positioning data has remained relatively balanced between bullish and bearish traders, increasing participation suggests continued engagement from larger market players.
These fundamentals have helped HYPE outperform many digital assets over longer timeframes. The token has posted gains of roughly 46% over the past month and more than 140% over the last six months, reflecting strong investor demand despite periods of elevated volatility.
Hyperliquid (HYPE) Price Prediction
The current technical picture for HYPE remains cautiously bullish. Price has recovered key support levels, moving averages continue to favor buyers, and momentum indicators have reset from previously overheated conditions.
For bulls, the next major objective is a decisive break above the $65-$70 resistance region. Achieving that could place the previous all-time high near $75-$76 back into focus and potentially open the door to further upside.
At the same time, traders should remain aware of downside risks. Failure to hold the $60 support level could weaken the bullish structure and trigger another period of consolidation or correction.
For now, HYPE appears to be entering a crucial phase where the battle between support at $60 and resistance near $70 may determine the direction of its next significant move.
