Hyperliquid (HYPE) continues to show bullish momentum as it consolidates above key support near $47. Rising trading volumes, staking activity, and strong community sentiment have fueled speculation that the token could reach $55–$60 in the near term. This article explores the technical and fundamental factors shaping HYPE’s price outlook and key levels to watch.
HYPE is currently trading at $47.12, up nearly 5% in the last 24 hours, with a market capitalization of over $12.7 billion and daily trading volume exceeding $540 million. The token has demonstrated steady upward momentum, reflecting growing investor interest despite rising competition in the crypto space.
Analysts highlight that HYPE’s ability to maintain above the $47 support zone provides a solid foundation for further upside. The price has been carving higher lows following a corrective phase, suggesting the formation of a rebound structure aligned with the community’s expectations.
On-chain and social data indicate that the HYPE community views $60 as a realistic short-term target. Technical charts show that HYPE has repeatedly tested support levels while recovering steadily, a signal of constructive buying pressure.
Analysts note that when price symmetry aligns with positive sentiment, momentum often strengthens, creating conditions for a sustainable rally. As long as HYPE continues holding above the mid-$40s support levels, the path toward the $55–$60 zone remains plausible.
Traders are keeping a close eye on key breakout and support zones. The $44–$49 range is currently acting as the immediate battleground. A sustained close above $49 would indicate strong bullish momentum, opening the path toward higher targets of $52 to $55.
Conversely, losing the $46.1 support block could trigger short-term weakness, possibly pulling HYPE toward $44. Analysts emphasize that maintaining the $46–$47 range is critical for sustaining bullish momentum, as it reinforces the technical structure underpinning the next leg up.
On-chain data shows that over 660,000 HYPE tokens, worth approximately $30 million, are staked, creating scarcity and reducing circulating supply. Systematic buybacks further tighten supply, which supports price stability even during periods of lower trading volume.
This combination of staking and buybacks establishes a loop where fewer tokens are available for sale, increasing upward pressure when market demand rises. Analysts note that this accumulation effect has been a key driver of HYPE’s resilience amid new market entrants and heightened competition.
Hyperliquid continues to generate roughly $3 million daily in fees, demonstrating its ability to maintain revenue streams even as rival platforms like ASTER gain traction. Analysts view fee generation as a critical measure of long-term sustainability, suggesting that HYPE’s ecosystem remains healthy and capable of supporting future growth.
Some speculation exists that new mechanisms may be introduced to increase fees above $10 million daily, potentially further boosting HYPE’s competitive positioning and market influence.
Technical indicators align in favor of the bulls, with moving averages beginning to trend upward and the RSI indicating room for additional upside. Analysts highlight that as long as the $42 support level holds, HYPE maintains a constructive setup for further gains.
A clean breakout above $49 would likely confirm bullish sentiment, potentially accelerating price toward $55–$60. Traders are advised to monitor daily volumes closely, as sustained trading activity above breakout zones often precedes rapid price appreciation.
Hyperliquid’s blend of strong fee generation, increasing staking participation, and resilient technical structure positions it well for a potential rally. The $46–$49 zone remains critical, and how price reacts in this range will likely determine the strength of the next leg.
If bulls maintain control and a breakout occurs, HYPE could realistically approach the $55–$60 range, validating the community’s fair-value projections. While short-term volatility is possible, the combination of staking, buybacks, and robust ecosystem fundamentals underpins a bullish outlook for HYPE in the weeks ahead.
A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5
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