- HYPE nears new all-time highs: Hyperliquid is trading just below its $44 peak after an 18% weekly rally, supported by strong bullish momentum and rising investor interest.
- Futures data confirms bullish sentiment: Open Interest hit an all-time high of $1.97B, and the long-to-short ratio climbed to 1.20, signaling that traders are increasingly betting on further upside.
- Targeting $46.35 unless support breaks: If momentum holds, HYPE could push to $46.35 based on Fibonacci levels; if not, it may pull back to the $39.11 support zone.
Hyperliquid, the fast-rising Layer 1 chain and decentralized perpetuals platform, is flirting with a new all-time high near $44 after posting nearly 18% gains last week. Derivatives data looks strong too—open interest just hit fresh records, and if momentum holds, $46+ could be right around the corner.
Bullish Pressure Mounts as Futures Activity Spikes
According to data from Coinglass, HYPE’s futures open interest jumped from $1.79 billion on Sunday to $1.97 billion by Monday—yep, that’s a new ATH. When open interest rises like this, it usually means new cash is pouring in, which can help push prices even higher.
Also worth noting: the long-to-short ratio has climbed to 1.20, the highest it’s been in over a month. Basically, more traders are betting up than down. It doesn’t guarantee anything, but it’s definitely a bullish tilt.
HYPE Price Outlook: Eyes on $46+
HYPE topped out at $44.08 midweek before dipping a bit, then catching support around the $39.11 zone on Saturday. Since then, it’s been creeping up again—currently trading about 5% higher Monday morning, with bulls once again pushing for that $44 level.
If it breaks through, next stop could be $46.35. That’s the 141.4% Fib extension if you measure from the December peak of $35.51 to the low of $9.32 back in April. Sounds wild, but that’s how these things sometimes play out.
The RSI sits at 68—not too hot, not too cold—and the MACD flipped bullish last week too, flashing that classic buy signal. Momentum, at least for now, seems to be on the bulls’ side.
What If It Pulls Back?
Not everything goes up forever. If HYPE stalls or sellers take profit, it might slide back toward that $39.11 support zone again. That level has held recently, so it’d likely be the first place buyers step in—assuming broader market sentiment doesn’t take a turn for the worse.
