- Hyperliquid (HYPE) is holding strong above key support levels, showing resilience against broader market weakness and outperforming major altcoins like SUI and SOL.
- With a tightening supply and growing investor interest, analysts believe HYPE could break past $45 and potentially aim for the $100 mark.
Hyperliquid (HYPE) is capturing investor attention once again as it holds firm near the $39 mark at press time despite broader market uncertainty. Down just 3.63% on the day, HYPE has bounced back impressively from its earlier weekly low of $34. The current structure suggests a bullish setup fueled by tightening supply and strong support retention between $37.80 and $38.20.
Hyperliquid Outshines Major Altcoins
While altcoins like SUI and SOL struggle, HYPE has shown notable strength across trading pairs. Technical indicators remain supportive—RSI levels hover near the mid-range on USD and altcoin pairs, indicating there’s still room for a move in either direction. However, relative performance leans bullish, especially with the HYPE/SUI and HYPE/SOL pairs climbing to new highs, highlighting investor confidence in HYPE’s price stability and potential.
Source: x256xx via X
Supply Squeeze Fuels Bullish Sentiment
Analysts are pointing to more than just chart patterns. A severe drop in circulating supply has added fuel to the bullish outlook. The Hyperliquid Assistance Fund has purchased over 25 million HYPE—approximately $1 billion worth—shrinking the tradable supply to under 100 million tokens. This tightening liquidity could be the catalyst that pushes HYPE beyond resistance at $42.
Source: Henrik via X
Price Structure Remains Bullish
From a technical standpoint, HYPE remains solid above its short-term support zone. The breaker region at $38–$39 has become a base of accumulation. As long as this zone holds, analysts remain optimistic. The next level to watch is $45, which could serve as a springboard for longer-term gains.
Source: HoudiniCapital via X
Road to $100: Ambitious but Possible
Some analysts are now eyeing the $100 mark, citing clean continuation structures and rising demand. If HYPE maintains its trend and the supply crunch continues, triple-digit prices may not be far-fetched. In the short term, a push to $45 could confirm the trend and trigger broader market interest.
Hyperliquid stands out in a cautious market. Its resilience, backed by tightening supply and strong technical support, puts it in a favorable position. While $100 remains an ambitious goal, current indicators suggest HYPE may be on its way.
ALSO READ:Hyperliquid Hits $1.57T Annual Volume, HYPE Token Gains Nearly 950%
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