- HYPE has rebounded 6% from a key demand zone, with bullish indicators and strong buyer momentum pointing toward a potential breakout above $40.
- Market sentiment and technical metrics like the oversold stochastic RSI and positive Long/Short Ratio further support the likelihood of continued upward movement.
Buyers Take Charge as HYPE Rebounds from $30 Zone
Hyperliquid’s native token, HYPE, is showing strong signs of a bullish reversal after rebounding nearly 6% from a heavily defended demand zone around $30.67. This zone, which has seen three major rejections in the past two weeks, appears to be a critical level where buyers continue to step in.
The latest bounce is particularly promising, as it reflects growing market confidence and persistent accumulation. On the daily chart, each test of this support has resulted in a swift recovery—pointing to strong underlying demand.
Momentum Indicators Point to Bullish Reversal
Technical indicators are aligning in HYPE‘s favor. The stochastic RSI is currently in the oversold zone, historically a key signal for upcoming price reversals in this altcoin. Previous instances in this region have seen prices pivot upward, especially when followed by spikes in buying volume.
Additionally, the 90-day Cumulative Volume Delta—a metric that tracks the net difference between buy and sell volume—has flipped in favor of buyers. This rise suggests that aggressive buying activity is now outweighing sell-side pressure, fueling upward momentum.
Also read: BNB Price Prediction 2025: Is the $680 Target Within Reach? Traders Reveal Bullish Outlook
Market Sentiment Tilts Bullish: $40 in Sight?
Sentiment metrics add further weight to the bullish case. According to Coinglass, HYPE’s Long/Short Ratio sits at 1.04, indicating that more traders are betting on further price increases than declines. While the ratio is only slightly above 1, in the volatile crypto space, that’s often enough to drive meaningful price action when supported by momentum and volume.
Looking ahead, if buying pressure continues and volume increases, HYPE could soon mount a new assault on the $40 resistance level. However, traders should remain cautious—any loss of momentum could prompt another dip to the $30–$32 range.
Bottom Line: Optimism Builds Around HYPE
With an oversold stochastic RSI, dominant buyer activity, and a favorable Long/Short Ratio, HYPE appears primed for further gains. If bulls can maintain control, the long-awaited $40 breakout might just be on the horizon.
