Hyperliquid Primed for Explosive Rally: $40 and $48 Targets in Sight After Strong Support Hold

Hyperliquid shakes off market jitters—bulls charge toward $40 as momentum builds.

Support holds firm: The token bounces decisively after testing key levels, signaling strength.

Next stops? Traders eye $48 as liquidity pools and order books hint at upside potential.

Active whales and tight spreads suggest institutions are quietly accumulating—retail FOMO hasn’t even started. (But hey, when has crypto ever rewarded the latecomers?)

Hyperliquid HYPE Shows Bullish Momentum

A well-known crypto analyst, CryptoPulse, highlighted that HYPE is currently holding out at this critical level of support and thwarting further selling pressure.

This level of support has historically worked as a solid floor several times in the past, giving indications of the formation of the double bottom reversal pattern. However, if this support level holds firm, there will be substantial bullish pressure that will push HYPE towards $40 or even $48 in the near future.

At press time, Hyperliquid is trading at $34.37, with a 24-hour trading volume of $872.21 million and a market capitalization of $11.54 billion. Over the last 24 hours, HYPE has surged 8.09%, reflecting renewed interest and potential momentum in the market.

Hyperliquid Gains Institutional Support

Adding to this optimistic view, the latest data from Arkham shows that Sonnet BioTherapeutics has merged with Hyperliquid Strategies Inc. in order to establish a Digital Asset Treasury for HYPE. This partnership also involves $888 million that has been placed in the treasury, with 65% in HYPE tokens and 35% in USD. This proposal has now been passed through a shareholder meeting this morning.

SONNET BIOTHERAPEUTICS ESTABLISHES $888M CRYPTO DAT

Sonnet BioTherapeutics has just merged with Hyperliquid Strategies Inc., to establish a Digital Asset Treasury of HYPE. They have $888 million committed, with 65% committed in HYPE tokens and approximately 35% committed in USD.… pic.twitter.com/17zzcmCF8S

With solid support levels in place and the formation of a possibly double-bottom pattern together with strong institutional support, there seems to be the makings of an upward trend in the works for HYPE. Investors are keeping a watchful eye on prices in the days ahead in hopes of seeing more investors take notice of a potentially bullish bounce out of this level.

With institutional support rising and technical analysis hinting at possible bullish momentum, Hyperliquid is gearing up to feature in the list of closely followed altcoins in the crypto world. Experts are of the view that if the trend continues the same way, HYPE may not only reverse the losses incurred but may also march towards new heights in the future.