hyperliquid

Hype is currently in a high-conviction recovery phase following a significant period of accumulation at the 20.00 level. As of the current candle, HYPE is trading at 30.892, testing the threshold of a major supply zone. The market structure has shifted from neutral to decidedly bullish on the mid-term horizon.

KEY PRICE LEVELS

1. Primary Resistance: 39.40 - 40.00
Significance: Upper boundary of the current supply zone; psychological barrier.
2. Immediate Resistance: 32.00
Significance: Current local ceiling and entry point into the supply box.
3. Pivot Support: 28.00
Significance: Previous resistance flipped to support; critical for maintaining momentum.
4. Major Support: 20.00
Significance: Historical floor and site of the 2025 double-bottom accumulation.

TECHNICAL OBSERVATIONS

1. Market Structure and Price Action:
The chart reveals a classic V-shaped recovery transitioning into an ascending channel. The move from the 20.00 base was sharp, reclaiming the 28.00 level with ease. Current price action shows a cooling off period as HYPE enters the 32.00 to 40.00 resistance cluster.
2. Volume and Momentum:
While volume has remained relatively consistent, the lack of a blow-off top suggests that the current move is driven by steady accumulation rather than retail mania. This aligns with recent fundamental catalysts, such as the HIP-4 Outcomes proposal.
3. The Blue Path Projection:
The forecast suggests a period of sideways consolidation within the current zone (32 to 40) before a parabolic leg up toward 50.00 and eventually 70.00 by mid-2026. This allows momentum indicators to reset from near-overbought conditions.

STRATEGIC OUTLOOK

Bullish Scenario:
If HYPE sustains a daily close above 32.50, the next major target is the psychological 40.00 mark. A successful breach of the supply box clears the path for price discovery toward the 50.00 target.
Bearish Scenario:
A failure to hold the 28.00 support level would invalidate the immediate bullish setup, likely leading to a retest of the 23.50 range or the 20.00 macro support.
#Hyperliquid #Hype $HYPE