HYPE Eyes $40 Comeback—But Can It Shake Off a Whale’s $1M Dump?

Whales cashing out never tells the full story—but a $1M profit grab sure makes retail traders sweat. HYPE’s push for $40 now hinges on whether the market shrugs off this move or panics.

Meme coins and whale games—name a more iconic duo. Meanwhile, ’smart money’ keeps pretending they’re in it for the tech.

HYPE price prediction analysis

At press time, HYPE traded at $32.875, just above a dip that saw it go below the $31.00 support. The price of HYPE had previously reached a high of $40 before falling.

For HYPE to reclaim $40, it WOULD first need to break past the $35 mini-resistance zone.

A successful flip above this level could invite momentum towards the $38.00 mark, with $40 being the final barrier. Conversely, a rejection from the current range and a break below $31.00 might retest the $28.00 zone or below.

Source: TradingView

Additionally, the MACD showed early signs of bullish crossover, with the histogram printing bullish strength and the MACD line curving upward from –0.205.

However, the signal line remained at –0.427, meaning confirmation for HYPE was still pending.

Momentum might build, but only sustained buying could push the price back above $35 and eventually toward $40.

If buying weakens and price stalls, the sideways motion would possibly persist between $31 and $35. That said, the important tiers to observe are at $31 as the support level and $40 as the major resistance to reclaim.

TVL and DEX volume

Meanwhile, during May, Hyperliquid witnessed great engagements with 108% increments in Total Value Locked (TVL).

The TVL is about $1.46, and the total DEX volume of $248.3 billion. Being the 10th largest chain, it showed that more traders find the Hyperliquid network useful and valuable.

Source: DefiLlama

With $70.45 million in fees generated, platform usage was strong, supporting token interest. If this trend continues, HYPE’s price could keep rising. However, if network activity declines, a market correction may follow.

The increase in TVL and trading volume is a positive sign for Hyperliquid. However, its future depends on sustained user interest and overall market performance.