- Hyperliquid has rebounded 110% after its October crash, reclaiming strong momentum.
- A confirmed breakout above $50 could trigger a move toward new all-time highs.
- Short-term correction toward $44 remains possible before the next upward push.
After a brutal correction that erased more than half its value, Hyperliquid (HYPE) is finally showing signs of life again. The token has bounced back more than 110% since its October 10 crash, breaking out of a descending wedge pattern and regaining momentum fast. If it can clear that tough $50 resistance, the path toward a new all-time high might just open up — but it’s not out of the woods yet.
Why Is Hyperliquid Rising Again?
HYPE’s wild ride started after hitting its all-time high of $59.42 back on September 18. What followed was a painful 65% drop, sending prices down to as low as $20.82 before stabilizing. Despite the chaos, the token stayed within a descending wedge, a pattern that often signals the end of a downtrend.
Then came October 23. That’s when HYPE broke out of the wedge, exploding upward to reach $49.40 in just a few days. Still, the token now faces a big test — the 0.618 Fibonacci retracement level, a major resistance point that often decides whether a rally continues or stalls.
Technical indicators are hinting at optimism. The RSI showed a bullish divergence before the rally, and the MACD flipped positive right after — both common signs that buying pressure is back. If HYPE can close above $49.45, analysts say it could confirm a new bullish phase and push toward fresh highs.
Short-Term Correction Before the Next Move
On the shorter time frame, though, HYPE may be due for a small pullback. The recent surge looks like a completed third wave in an Elliott Wave pattern, which often means a correction is next. Indicators back this up — both the RSI and MACD are flashing mild bearish divergences, suggesting the market’s taking a breather.
If that pattern plays out, HYPE could dip toward $44 before resuming its climb. That correction would be perfectly healthy, allowing traders to reload before the next wave higher.
Big Picture: Still Bullish
Zooming out, Hyperliquid’s long-term trend remains solidly bullish. The token managed to hold above the key $30 support zone, bouncing sharply after its early October selloff. That bounce created a massive lower wick — a clear sign that buyers stepped in aggressively.
Now, HYPE is testing that $50 horizontal resistance. A clean breakout above that line could pave the way toward a new all-time high. The only lingering concern is that the token broke its long-term ascending trendline earlier this month. Still, the strengthening RSI and bullish daily momentum hint that Hyperliquid could regain its upward trajectory soon.
Final Thoughts: Setting Up for Another Big Run
The technical setup looks promising: a confirmed breakout, a bullish wave structure, and improving momentum indicators. If HYPE can hold above $44 and break through $50, the next target could easily stretch toward new record highs.
Short-term volatility might shake out weak hands, but structurally, this chart looks like it’s setting up for another explosive rally — possibly even bigger than the last one.
