Hyperliquid (HYPE) Price Predictions for This Week: Buckle Up for Volatility

Hyperliquid's HYPE token faces a critical test this week as market forces collide.

Technical indicators scream divergence while liquidity patterns hint at brewing momentum shifts. The perpetual swap funding rate flipped negative Tuesday—usually a precursor to sharp directional moves.

Traders eye the $2.30 support level like hawks. Break below that and we're staring at a 15% correction minimum. Hold above? Next resistance sits at $2.75, last tested during July's mini-rally.

Volume patterns tell the real story. Spot trading dried up Thursday while derivatives open interest spiked 40%—classic leverage buildup before explosive moves. Market makers widened spreads to 15 basis points, highest since the June flash crash.

Macro conditions don't help. Fed meeting minutes drop Wednesday, always a volatility catalyst for risk assets. Bitcoin's correlation with tech stocks hit 90-day highs, dragging alts into traditional market drama.

Institutional flows? Mixed signals. OTC desks reported block buys from Asian funds but ETF outflows continued for the third straight week. Retail sentiment gauges show extreme fear—typically a contrarian indicator.

Prediction models split three ways: 35% chance of breakout above $2.80, 45% probability of breakdown to $2.10, and 20% odds of sideways chop. Options markets price 70% implied volatility through Friday—basically expecting fireworks.

Remember: Crypto 'predictions' often resemble horoscopes with better math—impressive calculations that still can't account for Elon Musk tweeting a meme at 3 AM.

1. Buyers Aim for $50

In the past few days, HYPE moved from $40 to $47, giving hope that the key resistance at $50 will be tested again. Right now, the price is reconfirming $44 as a key support. If it holds, then buyers have a good shot at challenging the all-time high level in the near future.

2. Price Has Formed an Ascending Triangle

The price action since July has formed a large ascending triangle, which is expected to resolve by mid-September. Ideally, buyers will manage to break above $50 by then and take HYPE to new highs. Should this fail to happen, then this cryptocurrency will fall back to $40 or below that.

3. RSI Shows Consolidation

The 12h RSI shows the price is consolidating in a symmetrical triangle at this time. Its apex is also due to be resolved by mid-September. Such formations are continuation patterns in an existing trend, which WOULD support the case for a breakout later in September. To confirm this, HYPE needs to go above $50 and enter price discovery.