Hyperliquid (HYPE) Price Prediction: Bull Flag Formation Signals Breakout Towards $55 Zone
Hyperliquid's price action is painting a compelling technical picture, with a bull flag pattern suggesting an imminent breakout. The asset has been consolidating between $47 and $49, forming higher lows amid tightening volatility—a classic accumulation phase before upward expansion.
Market observers note the $49 level as critical resistance. A decisive close above this threshold could trigger momentum toward $51-$52.5, with the pattern's measured MOVE targeting $55. On-chain growth metrics reinforce the bullish setup, indicating strong fundamental support for the technical formation.
The current structure mirrors historical pre-breakout conditions where compression periods preceded significant trending moves. Traders are watching for confirmation above $49 to validate the continuation pattern.
