Hyperliquid's rally continues to impress, suggesting another potential bullish phase ahead
Hyperliquid, the fast-growing Layer-1 blockchain, is showing signs of a potential breakout as bullish momentum, increased whale orders, and sustained futures positioning create a favourable environment for the cryptocurrency.
Strong Price Momentum and Recent Performance
Hyperliquid reached an all-time high near $49.80 in mid-July 2025, marking a more than 1300% gain from its all-time low eight months prior. After a dip following market-wide pullbacks, it rebounded quickly, maintaining strong trading volume and momentum.
Technical Analysis
The technical analysis paints a bullish picture for Hyperliquid. The cryptocurrency is trading above key support levels and is positioned within a descending triangle pattern, a setup that often precedes a breakout. Traders are eyeing a move toward $50-$52, indicating technical readiness for potential upward movement.
Market Sentiment and Whale Activity
Increased whale orders and sustained futures positioning highlight growing institutional interest and bullish sentiment. This growing demand often precedes price advancement in the crypto markets. According to CryptoQuant, the Spot Average Order Size on Hyperliquid has surged sharply since late April.
Bitcoin’s Influence
Hyperliquid’s price has shown a strong correlation with Bitcoin’s performance. As BTC reclaimed highs around $123K, HYPE similarly rose to new peaks, suggesting that bullish bitcoin trends can bolster HYPE further.
Short-term Price Fluctuations
While some sources predict a near-term dip, this appears to be a short-term correction within an overall bullish framework. Support levels around $35-$40 will be pivotal to sustain the upward trend.
Longer-Term Outlook
Analyses predict Hyperliquid ranging between $30 and $60 by the end of 2026, depending on market conditions and broader crypto adoption. Hyperliquid’s fast Layer-1 blockchain, advanced features, and institutional interest underpin optimism for continued growth.
Current Market Status
On the daily chart, Hyperliquid's price is currently hovering above $44, with support from both the 50 EMA at $40.68 and the 100 EMA at $35.61, which are trending upward. The futures volume of Hyperliquid indicates conviction, not froth, with sustained volume between $35 and $45.
The RSI for HYPE is at a healthy 54, and the MACD remains in bearish territory, but the histogram is flattening, indicating a possible bullish crossover ahead. Red "overheating" bubbles on the Futures Volume Bubble Map signal leveraged positions by whales at current levels, suggesting confidence in the current price levels.
If bulls reclaim momentum, especially above $45, HYPE could potentially break its all-time high. However, typical crypto volatility means short-term dips could occur before a decisive breakout beyond $50. Monitoring key support levels ($35-$40) and overall market momentum will be crucial for validating this upward trajectory.
[1] CryptoQuant Data (https://www.cryptoquant.com/chain/hyperliquid)
[2] TradingView Analysis (https://www.tradingview.com/chart/HYPER-LIQUID-HYPE/)
[3] CoinMarketCap (https://coinmarketcap.com/currencies/hyperliquid/)
[4] Glassnode Research (https://research.glassnode.com/hyperliquid/)
Cryptocurrency investors might find potential in Hyperliquid, a fast-growing Layer-1 blockchain, as it is currently trading above key support levels and exhibiting strong price momentum, with its price hovering above $44. The technical setup, consisting of a descending triangle pattern, could lead to a breakout towards $50-$52, according to the technical analysis. Furthermore, the increased whale orders and sustained futures positioning indicate growing institutional interest and positive sentiment, which often precedes price advancement in the crypto markets, hinting at the potential for ethereum [eth] and crypto finance investors to consider Hyperliquid for their investing portfolios, as the technology underpinning it promises continued growth.
