Hyperliquid (HYPE) Price Outlook: Can the Rally Defy Gravity?

Hyperliquid’s HYPE token is riding the altcoin wave—but how long can the momentum last?

With traders chasing the next big pump, HYPE’s recent surge has speculators buzzing. The protocol’s leveraged perpetuals platform fuels volatility, creating prime conditions for breakout plays.

Key factors driving the action:

- Liquidity mining incentives juicing trading volume

- Low float amplifying price swings

- Derivatives traders stacking leverage like Wall Street in 2007

While the charts scream bullish, remember: in crypto, what goes vertical often comes down harder. As one hedge fund manager quipped, ’These aren’t investments—they’re lottery tickets with API access.’

Hyperliquid Price Records 2x Rally This Month

The Hyperliquid price has displayed a constant bullish action in its chart since April. Notably, this altcoin has added approximately 1% to its valuation in 24 hours and 47% over the past seven days. Moreover, it has skyrocketed 110.15% during the last 30 days and has a Year-to-Date (YTD) return 57.85%.

The Simple Moving Average (SMA) records a sharp rise in the Hyperliquid price chart in the daily time frame. This hints at increased bullish action for the altcoin in the cryptocurrency market.

Moreover, the MACD indicator has displayed a constant green histogram since April started. Adding to this, the 12 & 26-day EMA witnessed a steady rise, suggesting a positive outlook for the 11th largest cryptocurrency token in the upcoming time.

Will HYPE Price Continue Gaining Momentum?

If the bulls regain momentum, this could result in this altcoin retesting its ATH of $39.93 soon. Moreover, if the bullish sentiment intensifies at that point, this may push the price of this altcoin toward its upper target price of $45 next month.

On the contrary, if the crypto market experiences increased selling pressure, the HYPE coin price could drop toward its support of $35. Furthermore, if the bulls fail to regain momentum at that point, the price of Hyperliquid price may plunge toward its lower support level of $30 in the upcoming time.

Also Read: Standard Chartered Eyes Solana price to $275, Here’s the Timeline