Technical indicators show HYPE token rebounding strongly from the 50-day simple moving average (SMA) support at $37.08, signaling heightened buying interest and suggesting upward momentum toward critical resistance levels.
On the four-hour chart, HYPE consolidates within the $36.82 to $41.23 range. A decisive breakout above $41.23 would indicate buyer dominance, paving the way for potential gains toward the $45.80 price target.
Hyperliquid maintains over 80% market share in decentralized finance perpetual contracts trading, significantly strengthening HYPE’s competitive position within the sector. This substantial dominance underpins the token’s growth potential.
Market sentiment remains cautiously optimistic, supported by Hyperliquid’s expansion metrics and technical patterns. Traders should monitor key support levels, particularly maintaining above the 50-day SMA. Critical downside support lies at $35.33 and $30.69 levels.