Recent trading has seen Hyperliquid’s HYPE token push toward a key descending resistance level, with some short-term technical indicators showing improvement from recent lows. Analysts remain divided over whether the recent move marks an enduring recovery or merely a pause within a longer-term downtrend.
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AAPLShort-term recovery lifts HYPE above $55
HYPE, the native token of Hyperliquid, is currently trading near $55.60, reflecting a session gain of roughly 2.6%. Within the last 24 hours, the token moved between $54.00 and $56.72, according to CoinGecko. This price zone has become a central battleground for buyers and sellers.
HYPE’s sustained hold above the $55 mark signals a possible continuation of the short-term recovery. Market participants are keenly watching whether the token can maintain support in this region or if it will revert below, potentially weakening its recent bullish momentum.
Technical analysts point out that the overall structure now hinges on HYPE’s ability to set higher lows and steadily challenge overhead resistance, rather than a single isolated price level.
Bullish signals and retest zones emerge
The latest price movement has provided the clearest bullish indicator in recent months. Market analyst flipondip noted that HYPE’s advance from $51.11—culminating in a break above the previous local high near $56.14—occurred without a notable correction, offering limited entry points for those waiting for a traditional pullback.
“A test of the breaker block and the 0.5 zone around $54.50-$55.50 could gauge whether buyers are willing to defend the former resistance area, determining the strength of the newly formed support,” according to flipondip’s analysis.
The $54.50-$55.50 region is highlighted as a potential retest zone due to its combination of technical significance and concentrated trading activity.
A successful retest would not guarantee a full trend reversal but could strengthen the short-term recovery, signaling renewed support from market participants.
Multi-month resistance confronts bullish case
Beyond the $55 area, HYPE faces a more formidable technical obstacle: a descending resistance line visible on the three-day chart, as shared by analyst @randgroup. This trendline, extended from previous highs, has capped upward moves in recent months. HYPE is currently approaching this resistance, setting up a possible breakout test.
A decisive move above the trendline would potentially invalidate the multi-month sequence of lower highs. However, analysts caution that simply testing the resistance does not confirm a breakout. HYPE must hold above this level to offer stronger confirmation of a trend change.
Should the token face rejection at this resistance, a return to previous support zones becomes more likely.
Mini dictionary: Hyperliquid, a decentralized perpetual futures exchange that operates an order book without requiring a blockchain-based sequencer or shared mempool. HYPE is its native token, influencing governance and incentives across the protocol.
Mixed technical indicators signal caution
Technical data from TradingView paints a cautious picture. The oscillator summary is largely neutral, with one buy signal, one sell signal, and nine neutral readings. The Relative Strength Index (RSI) is at 42.736, indicating that HYPE is neither overbought nor oversold.
The Average Directional Index (ADX) is also neutral at 21.004, while the MACD flashes a sell signal and the Momentum indicator signals a buy. Together, these metrics reflect a lack of strong directional conviction and suggest that the recent recovery is not yet confirmed by momentum indicators.
Analysts emphasize that a solid price breakout accompanied by improved momentum would strengthen the validity of a trend reversal.
Key resistance levels and moving averages
Moving averages present a mixed outlook. Short-term indicators, including the 10-day EMA ($55.04) and 10-day SMA ($54.76), currently signal bullishness, as does the Hull Moving Average at $53.20. However, intermediate-term averages—20-day EMA and SMA ($57.25), 30-day EMA ($58.77), 50-day EMA ($59.67), and 50-day SMA ($63.13)—are grouped above the price, creating a resistance cluster between $57 and $60.
| Moving Average | Level | Signal |
|---|---|---|
| 10-day EMA | $55.04 | Buy |
| 20-day EMA/SMA | $57.25 | Resistance |
| 50-day EMA | $59.67 | Resistance |
| 100-day EMA | $56.89 | Resistance |
| 200-day EMA | $50.46 | Buy |
HYPE remains above its 200-day trends, with the 200-day EMA at $50.46 and 200-day SMA at $46.18, suggesting underlying long-term support persists despite medium-term resistance.
Targets and price outlook for HYPE
Pivot analysis identifies $59.16 as a central resistance point, with further resistance clustering between $57 and $59. Breaking above the $60 level would mark a considerable technical improvement by placing the token above the central pivot and several intermediate moving averages.
The bullish outlook depends first on HYPE maintaining the $54.50-$55.50 zone as support and then reclaiming the $57-$60 resistance cluster. Above $60, the next targets would be $66.40 and $67.20, based on pivot calculations and historical resistance.
Conversely, slipping below the $54.50-$55.50 support could weaken the recent bullish reversal, with the risk of a retracement toward the low $50s. On a broader view, daily technical ratings remain mixed, with conflicting signals between shorter and longer timeframes.
For now, the $55 region serves as an immediate support level, while $60 acts as the principal resistance that could determine the next phase for HYPE’s trend.
