Hyperliquid (HYPE) Price Prediction: Technical Indicators Signal Explosive Rally to $56

Hyperliquid (HYPE) is flashing bullish signals—traders eye a surge toward $56 as technicals align.

Breakout or breakdown? Here’s why the charts favor the bulls.

Forget 'wait and see.' HYPE’s momentum suggests this train’s leaving the station—whether you’re on board or not. (And if you miss it? There’s always another 'sure thing' in crypto—until there isn’t.)

• Hyperliquid (Hype) gained eight percent in the past 24 hours.
• Current price $41.61 with $596.1 million trading volume.
• Led perpetual DEXs, surpassing competitors in trading activity.
• Indicators suggest bullish momentum, potential breakout above $45 soon.

Hyperliquid (Hype) continues its positive momentum, gaining almost 5.45% in the last 24 hours. Despite a 4.45% decline over the past week, the token shows resilience, drawing attention from traders and investors looking for short-term opportunities and potential upward movement.

Hype is currently priced at $40.90, with a 24-hour trading volume of $596.1 million, down 4.88%. Its market cap is $14 billion, reflecting a 7.94% drop. Market watchers are analyzing its performance closely as the token navigates short-term fluctuations while holding strong potential for growth.

Hyperliquid Dominance in Perpetual DEX Markets

Hyperliquid’s growth extends beyond price action. In October, it led all perpetual decentralized exchanges, recording over $303 billion in trading volume. This outperformance over competitors such as Lighter and Aster underscores the platform’s rapid expansion.

Open interest further emphasizes Hype’s market strength. Hyperliquid holds more open positions than the combined total of other perpetual DEX platforms. Such engagement points to strong liquidity and sustained user activity, positioning Hyperliquid as a key player in decentralized perpetual trading.

Technical Indicators Hint at Potential Upside

From a technical perspective, HYPE is starting to display a possible short-term recovery. The chart indicates a series of higher lows, which is a positive indication for a possible initial start of a bullish trend, despite a possible dip. The token is below the 20-day simple moving average of $45.11, which is a very important level of resistance.

The Bollinger Bands reveal a level of moderate volatility, as indicated by the top, middle, and lowest levels of $56.63, $45.11, and $33.59, respectively. Being at the bottom of the middle Bollinger Band, it is ranging, but could rise to touch the top Bollinger Band if it surpasses $45.

A break below the level of support at $40 could witness a fall to $34. The momentum indicators display a weak positive view. The RSI stands at 49, a balanced position between buyers and investors, while the MACD exhibits a weakening bearish sentiment. A crossing can mark the starting point of an upward trend.

Overall, it appears that Hype is ranging between $39 and $45. A breakout above $45.11 could see it rise to $50–$56, while a fall below $39.80 could see it continue lower. It appears the indicators are poised for a breakout or a brief period of consolidation before making another move.