- HYPE is holding firm near $39.30 despite a slight dip, with strong support and growing bullish interest.
- A massive supply squeeze—fewer than 100M tokens available—is pushing price dynamics toward breakout territory.
- If momentum continues, analysts see $45 as the next milestone with a possible long-term target of $100.
Hyperliquid (HYPE) has been holding its own lately, even after slipping a bit—down 3.63% to around $39.30. But considering it just bounced off $34 a few days ago? That’s still a solid look. While other altcoins are stumbling through the market dip, HYPE’s just… chilling. Still in the fight.
People are starting to wonder if it’s winding up for something bigger. The price action’s been tight, yeah, but that’s not necessarily a bad thing. Sometimes compression’s just prep for a pop.
Bulls Want That $42 Level — and They Might Get It
So HYPE’s bouncing back from $34, now grinding around $39.30. Even with that dip, it’s rocking a $13.15B market cap and pulling in over $250M in daily trading—so yeah, it’s still hot. Technically speaking, it had a textbook V-shaped bounce, but now it’s sorta hovering just under resistance. Volume’s cooled a bit too.
The $37.80 to $38.20 range? That’s the zone to watch. If it holds, bulls might take another crack at $42. If it breaks, though, we might see it dip to $36.50. RSI is kinda neutral, meaning this could swing either way depending on what the market’s feeling next.
HYPE’s Crushing Pairs Like SUI and SOL
While the rest of the market’s having a hard time, HYPE’s quietly flexing. It’s not just doing well in USD terms—it’s beating out other majors like SUI and SOL too. Charts from analysts like @x256xx show HYPE/SUI and HYPE/SOL pushing up strong with clean uptrends.
Even on the USD chart, HYPE looks sharp. Price reclaimed that $38–$39 zone and hasn’t looked back. The structure? Still bullish. Volume? Holding up. RSI? Still got juice. HYPE’s just not backing down right now.
The Real Story? Supply’s Drying Up Fast
Here’s the thing nobody’s ignoring anymore—there’s barely any HYPE left to buy. Analyst Henrik flagged this earlier: the Hyperliquid Assistance Fund grabbed over 25 million tokens (about $1B worth). That’s a huge scoop off the market.
Now, supply has dipped below 100 million. That’s a massive squeeze brewing. When supply gets tight and demand’s ticking up, prices don’t just rise—they explode. That $42 level could get wiped out fast if this trend keeps up.
Eyes on $45… Then What?
According to @HoudiniCapital, there’s this key breaker block holding the $38–$39 range. HYPE’s hanging right above it, building a clean little base. If bulls keep pressure and that supply crunch keeps tightening? We’re probably looking at a move toward $45 next.
And beyond that? Analyst @ryandcrypto’s already floating the $100 dream. His chart’s got a clean continuation path sketched out. It’s bold, sure, but given how this coin’s been behaving… not impossible.
Final Take: Is $100 in Play?
Hyperliquid isn’t just surviving this choppy market—it’s looking like it’s gearing up for a bigger breakout. Between the solid structure, support zone strength, and a serious lack of sell-side liquidity, HYPE might just be warming up. If it clears $45 cleanly, that $100 milestone everyone’s whispering about could start sounding a lot less crazy.
