Hyperliquid Price Forecast 2026: First Bullish Signals Emerge at Critical Support

• Daily Chart: The Battle at 0.786 Fib
• The Make-or-Break Levels
• 4-Hour Chart: Baby Steps Toward Recovery
• Trader's Notebook: What I'm Watching
• Hyperliquid (HYPE) Price Analysis FAQ

The HYPE token is showing tentative signs of recovery after a brutal correction, but technical indicators suggest we're not out of the woods yet. As of January 2026, price action sits at a make-or-break level where volume profile, Fibonacci retracements, and momentum indicators converge to create a fascinating setup for traders.

Daily Chart: The Battle at 0.786 Fib

The HYPE/USD pair has carved out a dramatic 65% correction from its all-time high NEAR $60, finding temporary footing at the 0.786 Fibonacci retracement level. What makes this particularly interesting is the volume profile - we're seeing what I like to call a "volume vacuum" beneath current prices. In my experience trading crypto since 2018, these low-volume zones either become launchpads for vicious short squeezes or trapdoors for accelerated selloffs.

Currently, the RSI is painting a subtle but potentially important bullish divergence. While price made lower lows, the RSI made higher lows - classic hidden strength. But here's the kicker: the 50-day EMA sits like a sword of Damocles at $24.50, coinciding with what TradingView data shows was a former support-turned-resistance zone. Until we reclaim that, any bounce remains suspect.

The Make-or-Break Levels

For bulls, the playbook is straightforward but not easy:

• Immediate resistance: $23.30-$24.50 (former support + 50EMA)
• Breakout target: $28.50 volume node

For bears watching this in January 2026:

• Breakdown confirmation: Close below 0.786 Fib
• Target: Untested volume voids below

4-Hour Chart: Baby Steps Toward Recovery

The shorter timeframe shows tentative stabilization, but don't break out the champagne yet. Price is attempting to FORM what could become a W-bottom pattern, but as my mentor always said, "Patterns are porn for traders - exciting but often misleading until confirmed."

The MACD histogram is barely poking into positive territory - about as convincing as a politician's promise. Still, combined with the RSI's neutral positioning, it leaves room for surprises in either direction.

Trader's Notebook: What I'm Watching

1.Without commitment from big players, any rally will fizzle

2.As Coinmarketcap data shows, altcoins still dance to Bitcoin's tune

3.The January effect has been kind to crypto in past years

This article does not constitute investment advice. Always do your own research.

Hyperliquid (HYPE) Price Analysis FAQ

What's the most important level for HYPE in January 2026?

The $23.30-$24.50 zone represents a critical inflection point where multiple technical factors converge, including the 50-day EMA and former support levels.

Is the RSI showing bullish signs for Hyperliquid?

Yes, there's a developing bullish divergence on the daily chart, but momentum remains weak until we see confirmation through price action.

Where could HYPE price go if it breaks resistance?

A sustained MOVE above $24.50 could open the path to $28.50, where significant volume awaits according to TradingView's volume profile data.