Hyperliquid price breaks key resistance as HYPE eyes $50 target

After weeks of steady gains, traders are watching the hyperliquid price closely as HYPE forces its way through a critical resistance band on rising momentum.

HYPE reclaims $40 with rising volume and renewed bullish sentiment

The Hyperliquid (HYPE) market has extended its uptrend that began at the start of the year, repeatedly testing higher levels and absorbing selling pressure. Over the past 24 hours, the token’s price advanced 6.39%, lifting weekly gains to 18.62% and driving a clean move above the $40 threshold.

Moreover, trading activity has intensified alongside the rally. Spot and derivatives volume jumped by more than 55%, pushing total turnover beyond $490 million. This HYPE trading volume surge highlights strong market participation and suggests that buyers are increasingly willing to chase upside rather than wait for deeper pullbacks.

That said, the asset has now re-entered the crucial $40–$45 resistance band, a region that previously capped attempts to trend higher. Clearing this zone with conviction will be essential for confirming a durable trend shift from defensive trading to a more aggressive bullish phase.

Technical structure shifts as Golden Cross setup emerges

While much of the broader crypto market moved sideways through February, Hyperliquid maintained a constructive, curved recovery from its earlier lows. The token reclaimed the important $35 resistance area on expanding volume, which has nearly doubled since that breakout. This advance also completed a clear double bottom pattern, confirming a neckline break and strengthening the near-term upside bias.

Following that move, the price pressed through the next resistance cluster near $43, turning it into an immediate reference point for short-term traders. As the chart now shows, sustained action above this level has increased the probability of a hype golden cross between the 50-day and 200-day moving averages, a classic bullish signal closely watched by technical analysts.

However, momentum indicators are flashing early caution. The daily RSI is approaching overbought territory and is starting to hint at a potential bearish divergence versus price. This suggests that, even within a constructive trend, a brief consolidation or shallow pullback toward prior breakout zones remains a realistic scenario before any renewed leg higher develops.

In this context, the hyperliquid price structure appears robust, but not immune to short-term volatility as leveraged positions reset and late buyers test their conviction.

Short-term targets and the path toward $50–$52

From a broader perspective, HYPE has printed a clear bullish reversal by breaking above multiple stacked resistance levels on rising momentum and volume. The combination of a confirmed double bottom, reclaim of $35, and acceptance above $40 collectively strengthens the case for a sustainable trend shift to the upside.

Moreover, if price action continues to hold above recent breakout zones and the anticipated Golden Cross between the 50-day and 200-day moving averages confirms, it could act as a secondary catalyst. Under that scenario, analysts see increasing odds of a grind higher toward the $43–$44 region in the near term, followed by an extension toward the $50–$52 band into the next quarterly close.

However, short-term exhaustion signals remain in play. Any failure to defend the new support areas around $40 or a decisive rejection from the mid-40s could delay the advance and force a deeper retest of lower levels. Traders will therefore watch intraday structure, funding rates, and liquidity pockets closely to gauge whether current strength reflects sustainable accumulation or a crowded momentum move.

In summary, HYPE enters a pivotal phase with a confirmed breakout, rising participation, and improving technical structure. If buyers maintain control and respect emerging support zones, a push toward the $50–$52 range would reinforce the view that the token has transitioned from recovery to a more established bullish trend.