Hyperliquid (HYPE) Price Analysis: Uptrend Holds but Bearish Signals Emerge

HYPE is currently trading around $44.5 and continues to trend upward despite the broader market struggling to gain momentum. After bottoming near $9.3 in April, the price has steadily climbed with several breakouts along the way. Still, with the recent bullish run, a correction for HYPE could be on the horizon. Let’s take a quick look at the latest HYPE charts to see where the price might head in the coming days.

Key Takeaways

• HYPE faces strong resistance at $50 while holding key support at $43.5.
• Rising wedge formation and bearish divergence point to a likely correction ahead.
• Short-term upside remains possible, but downside risk toward $30–$32 is increasing.

Analyzing the HYPE Charts

Looking at the latest 4-hour chart for HYPE, the price has faced multiple rejections around the $50 resistance zone and is currently holding support at $43.5. If the uptrend holds, the price could bounce from here and retest the $50 level with volume once again.

However, if the price loses momentum and falls below the $43.5 support, sentiment could quickly shift. In that case, the next level to watch is $40, and how the price reacts there will help confirm whether a correction is underway or another leg up is forming.

On the other hand, if we switch to the 1-day timeframe for HYPE, the bigger picture shows that despite the ongoing uptrend, the structure is forming a rising wedge, which is generally considered a bearish pattern. The price can still move higher in the short term, but as long as it stays within this wedge, the likelihood of breaking down and moving toward a correction increases. In case this structure plays out, the support zone we are expecting HYPE to hold is the area between $30 and $32.

In addition, there is a clear bearish divergence for HYPE, signaling that the price is sitting in overbought territory. While momentum is holding for now, the risk of a sell-off in the coming days remains strong.

Final Takeaway: What is Next for Hyperliquid (HYPE)

HYPE is currently moving within an uptrend and has looked solid over the past few months. However, the trend could shift in the coming days or even weeks, and a correction may finally take shape. For now, the price can continue to rise in the short term, but with a rising wedge and bearish divergence on the weekly timeframe, a correction appears likely. This makes the HYPE price prediction tricky, as the trend is still upward, but the downside risk is clearly present.