Key Takeaways
- HYPE Price: $42.81 (+6.99% daily gain, ~4% weekly gain)
- Immediate Resistance: $43.68; Targets: $46.07, $49.95
- Support Levels: $41.74, $40.79; Bearish Trigger: <$39.05
- Indicators: RSI neutral, MACD slight bearish tilt
Hyperliquid (HYPE) Price Surges: Is $50 Next?
Hyperliquid crypto price (HYPE) is capturing traders’ attention with a sharp 6.99% surge, pushing the coin above $42.80 and posting nearly 4% weekly gains. Excitement in the market comes amid the recent BLP Testnet launch, which has driven bullish sentiment in Hyperliquid’s native lending and borrowing utilities. Leveraged trades by whales have further intensified volatility, leaving both retail and institutional investors closely watching price action.
Bulls vs. Bears: Key Levels to Watch
HYPE now trades comfortably above its 50-day simple moving average (SMA) at $40.79, stepping into a critical resistance zone near $43.68, aligned with the 38.2% Fibonacci retracement. A decisive close above this level could trigger a swift rally toward the next Fibonacci pivot at $46.07, with an extended target of $49.95.
On the flip side, support levels are equally important. Immediate defenses stand at $41.74 (50% Fibonacci mark) and the SMA at $40.79. A dip below $39.05 could tilt momentum toward the bears, increasing the risk of a deeper correction.
Technical Indicators Signal Potential Volatility
HYPE’s 14-day Relative Strength Index (RSI) sits at 59.80, suggesting a neutral zone with room for upward momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) shows a slight bearish divergence, warning of potential short-term turbulence if buyers pause. These mixed signals indicate that while a breakout is possible, caution is warranted.
HYPE Prepares for a Decisive Move
Hyperliquid’s short-term price trajectory hinges on this week’s trading action. Bulls need to break and hold above $43.68 to aim for $46.07 and potentially $50. Failure to surpass resistance or a drop below $41.74 could hand control back to the bears. Traders should monitor technical levels and indicators closely to anticipate the next move in HYPE’s fast-paced market.
