Hyperliquid (HYPE) Eyes Breakout — $46 Resistance, $50+ Target
Hyperliquid (HYPE) has traded roughly between $27 and $39 after recent dips, showing mixed timeframe performance: about -4% last week, -24% month-over-month, but +10% over six months. Short-term technicals are mixed-to-cautiously bullish. Key resistance sits at $36–$38 (earlier neckline) and a higher, critical resistance near $46; a confirmed break above $46 could open a path toward $50–$58. Support levels to watch are approximately $30, $27 and deeper supports at $25, $22 and $10. Indicators cited include an RSI near the low-60s and a MACD that is turning marginally positive but remains below zero; price recently bounced from the lower Bollinger Band and is retesting the 20-day moving average (~$37). Traders should monitor price action and volume at the $36–$38 and $46 zones, and wait for MACD confirmation above zero and a decisive volume-backed breakout before assuming trend reversal. Manage risk with stop levels around $30–$31 and be prepared for downside to $25 if neckline resistance holds. No new on-chain developments, partnerships or material fundamentals were reported; the later article removed promotional content and emphasized volume and breakout confirmation as primary trade triggers. This is informational, not investment advice.
Neutral
The combined coverage points to a conditional outlook rather than a definitive trend shift. Technical signals are mixed: RSI near the low-60s and a MACD that is turning positive suggest short-term recovery potential, but MACD remains below zero and price faces layered resistance at $36–$38 and a more important barrier at $46. A volume-supported break above $46 would be bullish and could push HYPE toward $50–$58. Conversely, rejection at the neckline/resistance levels would likely renew downward pressure toward $30–$25. No new on-chain developments or partnerships were reported to provide fundamental upside, so price action and volume around the stated resistance/support levels will primarily determine market direction. For traders, this translates into a neutral baseline: prepare for either a bullish breakout (with confirmation) or a bearish rejection and protect positions with tight risk controls.