- Hyperliquid (HYPE) trades above $44 as rising user activity and derivatives interest support a six-day rally.
- The price outlook remains bullish, with $50 in focus if HYPE clears resistance at $45.52.
Hyperliquid (HYPE) continues to show strong price action as it trades above $44. The coin has now extended its upward move for six straight days. Market data suggests growing user activity, rising liquidity, and increasing interest in derivatives trading.
HYPE price strengthens above key levels
HYPE gained more than 4% in the previous session and held its Strength into Wednesday. The token remains supported above key moving averages, including the 50-day, 100-day, and 200-day EMAs. This alignment signals a steady bullish structure in the market.
Technical indicators also support the current trend. The MACD remains in positive territory, showing continued upward pressure. The RSI is near 63, which suggests strong buying interest without indicating overbought conditions.
Rising activity boosts Hyperliquid outlook
Network data points to stronger usage across the platform. Total Value Locked (TVL) increased by over 2% in 24 hours, reaching about $1.556 billion. This rise suggests more funds flowing into the ecosystem and higher user participation.
Derivatives data also shows growing interest. HYPE futures open interest climbed to $1.75 billion from $1.62 billion in just one day. This increase reflects higher leverage positioning and stronger trader engagement.
Stablecoin activity and platform revenue also remain strong, with Hyperliquid ranking among the top protocols by weekly earnings at $11.58 million.
Key resistance levels ahead for HYPE price
The next major resistance for HYPE sits at $45.52. A clean breakout above this level could strengthen the bullish outlook further.
Beyond that, the $50 level remains the key psychological and technical target. A sustained move above this zone may open the door for a stronger mid-term rally.
On the downside, immediate support is near $40. If the price weakens further, the 50-day EMA around $39.76 becomes important. Deeper support levels sit at $37.45 and $36.45.
Hyperliquid price forecast outlook
Hyperliquid remains in a clear upward trend supported by strong on-chain growth and rising trading activity. As long as the price holds above key support zones, buyers may continue to target higher levels.
A breakout above $45.52 will be important in confirming whether HYPE can extend its move toward $50 in the near term.
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