Hyperliquid Price Forecast: HYPE Eyes $50 Breakout Amid USDH Stablecoin Launch

Hyperliquid (HYPE) is clawing back losses after a five-day downturn, buoyed by renewed Optimism in the crypto market. The token rebounded from a 27.5% drop from its $59.43 peak, with traders eyeing a decisive break above the $50 psychological level.

Catalyst comes from Native Markets' launch of USDH, a native stablecoin for Hyperliquid's perpetual contracts DEX. The stablecoin went live with a $15 million spot order book on HyperCore, while pledging 50 cents per USD earned to an Assistance Fund—a MOVE that could bolster ecosystem confidence.

Technical signals flash caution. Despite the recovery attempt, the MACD's sell signal suggests lingering downside risks may delay the anticipated breakout. Market participants now weigh the stabilizing effect of USDH adoption against broader crypto volatility.