Hyperliquid (HYPE) Price Prediction: Bulls Eye $57 as Breakout Momentum Builds

HYPE is currently trading around the $48.0 mark and continues to show bullish signs on lower timeframes. The price recently broke out of the falling wedge pattern it had been forming on the 1-day chart, as highlighted in our previous analysis, and managed to push through the key resistance at $43.0. This breakout confirmed short-term strength and shifted momentum in favor of the bulls. At the moment, HYPE is moving in an uptrend on lower timeframes and is attempting to flip the resistance zone just below the $50.0 mark into support. This level holds significance because a successful flip could open the door for another leg up, while rejection here might trigger a short-term pullback. Let’s take a look at the latest HYPE charts to see where the price could be headed next.

Our HYPE Price Prediction Summary

• HYPE broke out of its falling wedge and reclaimed key resistance, confirming short-term bullish momentum.
• The $50.0 zone is the key level to watch, as holding above it could fuel a move toward $57.0.
• Despite the bullish setup, a weekly bearish divergence signals caution for potential short-term pullbacks.

Analyzing the HYPE Charts

Breakout Above $43 Confirms Bullish Strength

Looking at the latest 1-day chart for HYPE, the first thing that stands out is the breakout from the falling wedge pattern we mentioned in our previous analysis. The resistance near the $43.0 level was strong, but the breakout momentum helped the price push decisively above it and extend higher. Right now, the price is retesting the $50.0 zone, which will not be easy for the bulls to reclaim as support. If buyers manage to hold above this level, the uptrend is likely to continue, with the next target sitting around the $57.0 region.

Uptrend Holds as Weekly Divergence Lingers

Switching to the 1-week timeframe, it’s clear that the price has not broken the uptrend, which is a positive sign for the bulls as the broader trend for HYPE remains intact. However, a bearish divergence formed last month that has yet to play out in any significant way and doesn’t seem to be affecting the price for now. If the price manages to print a higher high in the coming weeks without showing another negative RSI divergence, this setup will likely be invalidated. With the breakout in place and momentum still favoring the upside, our current HYPE price prediction leans bullish. Still, the presence of that bearish divergence means we remain cautious about potential short-term corrections.

Final Takeaway: What is Next for HYPE?

HYPE continues to show strength after breaking out of the falling wedge pattern and reclaiming key resistance levels. The short-term outlook remains bullish as long as the price holds above the $50.0 zone, which now serves as an important support area to watch. Momentum indicators support this move, suggesting that buyers are still in control for now. However, the weekly bearish divergence remains a factor to keep an eye on, as it could trigger a short-term pullback if momentum weakens. If bulls manage to maintain pressure and the price closes above $50.0 convincingly, the next leg higher toward the $57.0 region becomes likely. For the moment, the trend stays intact, and HYPE appears poised to continue its upward trajectory as long as key supports hold.