Hyperliquid Bulls Eye $40 Resistance As Volatility Builds—Will HYPE Break Or Fade?
Hyperliquid (HYPE) has captured market attention with a staggering 61% surge this month alone, approaching the key psychological resistance at $40 amid increasing volatility. As the price consolidates just under this pivotal level, traders are on edge, pondering whether bullish momentum will persist or face a potential stall. Will HYPE break through or fade into short-term exhaustion? Let’s break down the technical setup across the board.
Hyperliquid (HYPE) Price Analysis
| Crypto | Close | 1W% | 1M% | RSI | ADX | MACD | CCI 20 |
|---|---|---|---|---|---|---|---|
| HYPERLIQUID (HYPE) | $33.91 | 3.38% | 61.17% | 57.8 | 43.1 | 2.36 | 9.28 |
After a month of meteoric gains and heightened volatility, Hyperliquid (HYPE) is commanding attention with a surge of over 61% this month and a breathtaking 124% over three months, proving itself as one of the market’s brightest momentum plays. The recent week saw the pace moderate to a relatively muted 3%, suggesting that traders may be catching their breath near current levels around $33.90—well below the monthly high near $40 but far from washed-out territory. With a mammoth 1,256% gain over the past year, it’s clear HYPE’s narrative isn’t cooled yet; institutional inflows and growing derivatives activity are likely contributing to its breakout momentum. As HYPE trades near a cluster of short-term moving averages and eye-catching psychological round levels, the technical outlook suggests a showdown is brewing—bears are regrouping, but bulls are far from exhausted. Personally, if HYPE pierces through the recent high, I wouldn’t be surprised to see another volatility surge.
Digging into the technicals, trend indicators remain robust, with directional movement tilted in bulls’ favor and an ADX reading that underscores the strength of the prevailing uptrend. The weekly MACD reveals sustained upside drive, as it hovers above its signal line, while oscillators—including a resilient RSI—signal the coin is approaching, but not yet exceeding, overbought conditions. HYPE sits firmly above its major exponential moving averages, a classic hallmark of enduring bullish momentum, and is currently aiming at the next resistance zone near $40—a key test. If bulls can clear that mark, there’s little overhead until price targets near $51, where profit-taking could intensify. On the flip side, any extended fall would likely find first support around the $31–$30 region, which has acted as a base amid recent shakeouts. Watch closely—if sellers can’t push HYPE below this level, the stage is set for buyers to regain control and potentially invalidate any bearish reversal calls. Frankly, I’m excited to see whether this rally has another leg—it feels like HYPE is writing its own playbook right now.
Will Hyperliquid Break Through $40?
Hyperliquid hovers near the critical $40 mark, testing the patience of bulls eager for a breakout. If the price successfully breaches this resistance, it could pave the way for further gains; however, failure to do so might signal a period of consolidation or retracement. Traders remain vigilant, knowing that upcoming movements will either affirm the rally or prompt a strategic pivot.
