Hyperliquid (HYPE) Surges 21%, Eyes $55 Breakout
Hyperliquid (HYPE) climbed above the $50 resistance this week with a 21% gain and $522 M in trading volume. Two whale wallets accumulated 358,279 HYPE (~$18 M), signaling strong bullish conviction. The token rebounded from the $43–$45 accumulation zone, and short-term averages—the 9-day EMA at $46 and the 50-day SMA at $44—now sit below the current price. Key support lies at $46, while a sustained breakout above $50 could drive HYPE toward $55. Meanwhile, Hyperliquid’s total value locked (TVL) hit a new 2025 high of $721 M, up from under $200 M at the start of the year. Rising TVL alongside price reflects renewed capital inflows and growing protocol participation. Traders should watch the $50 level for a potential breakout or a retest of support at $46.
Bullish
The 21% weekly surge, whale accumulation of $18 M, and a record $721 M TVL all point to strong bullish momentum. Technical indicators show that HYPE has rebounded from its $43–$45 accumulation zone, with key averages now below price. A successful break above $50 could trigger a rally toward $55, mirroring past altcoin breakouts fueled by smart-money inflows. Short term, traders may see an extended upswing if resistance gives way. Long term, rising TVL suggests growing ecosystem commitment, supporting sustained price growth.