Hyperliquid Price Eyes $45 Breakout as Supply Falls Below 100M

vivian

20 hours ago

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 PRICE CHART FOR 24 HOURS PERIOD

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.

HYPE outperforms major altcoins like SUI and SOL.
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.

HYPE’s supply drops below 100 million, tightening liquidity and setting the stage for a potential breakout above $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.

HYPE maintains a solid structure above the $38–$39 range, with potential to move toward $45.
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.

HYPE eyes a potential $100 target. Source: ryandcrypto via X

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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