HYPE Price Surge: Ascending Triangle Pattern Signals Imminent Breakout to $60–$64 Target

HYPE's chart flashes a classic bullish signal—traders are positioning for a potential 30% surge.

The Technical Setup

That ascending triangle formation doesn't lie. Each higher low meets identical resistance, building pressure like a coiled spring. Volume patterns confirm the narrative—smart money accumulates while retail sleeps.

Market Psychology at Play

Traders eye the $60–$64 zone like hawks. Break that ceiling and momentum algorithms kick in, fueling the next leg up. Fail? Well, even traditional finance gets patterns right occasionally—though they'd probably charge a 2% management fee for the insight.

Timing the Breakout

Watch for volume spikes and consecutive closes above resistance. This isn't hopium—it's pure price action dynamics. The pattern's target range implies a measured move based purely on geometry, not some analyst's gut feeling.

Remember: Charts forecast probabilities, not certainties. But when a setup this clean emerges, even crypto cynics start checking their portfolio balances.

• HYPE’s weekly performance shows a 5.72% surge.
• An ascending triangle signals a potential bullish breakout.
• The breakout target is near the $60 resistance zone.

Hyperliquid (HYPE) is showing resilience as the broader crypto market trends slightly bearish. Over the last 24 hours, the token has gained 0.69%, while on the weekly chart it surged 5.72%. This surge contrasts with Bitcoin and several major altcoins, which are facing mild declines.

At the time of writing, the token is trading at $45.45. Its 24-hour trading volume has reached $344.84 million, reflecting a 12.33% surge, while the market capitalization stands at $15.13 billion. This consistent demand highlights investor interest in the token even as other digital assets struggle to maintain momentum.

HYPE Ascending Triangle Signals Bullish Momentum

Market analyst Solberg Invest emphasized that the token may be consolidating before its next move. However, a weak September for Bitcoin could impact the broader sentiment. Despite this caution, HYPE’s technical indicators remain bullish, with the token holding steady near current levels.

The token’s daily chart highlights an ascending triangle, a bullish continuation pattern. Price is consolidating below the $48–$50 resistance, which has repeatedly acted as a ceiling. Rising support levels suggest strong buying, with higher lows showing increased trader confidence.

This pattern is bullish and could lead to a breakout in the weeks to come. If the token can overcome resistance, the first target is around $60. Further upside could send the token to $64, a new record high. However, support around $42–$43 is still important, because a breakdown below here will negate the bullish pattern.

Derivatives Market Signals Growing Interest

The Open Interest (OI) of HYPE has increased 0.61% to $1.99 billion, reflecting stronger participation in the derivatives market. This appreciation, along with consistent trading volume, reaffirms the purchases active in the consolidation process.

The OI-weighted rate is 0.0094%, showing a neutral-to-positive bias. This kind of configuration is indicative of balanced leverage by the traders, and this will sharply reduce the chances of sudden liquidations. Historically, such configurations had generated bullish movements in HYPE, strengthening hopes of a breakout to the $60 level.

If volume keeps increasing along with a breach of resistance, HYPE may validate a subsequent rally, further solidifying its position as one of the stronger assets amidst a prudent market.