Hyperliquid price is gaining traction with the broader crypto market rally, rising nearly 4% today while holding firm after a breakout retest. HYPE price is consolidating just below the $45 resistance zone, with no clear rejection, suggesting buyers are absorbing supply and maintaining control.
But can HYPE price break above $45 and push toward a new higher high toward $60? Read our HYPE price prediction below.
Bullish Positioning Strengthens As On-chain and Derivatives Align
Market positioning around HYPE is strengthening as both derivatives and on-chain metrics begin to align in favor of continuation. The long/short ratio remains elevated near 1.47, indicating that long positions are dominating and traders are increasingly positioning for upside. This shift typically reflects growing directional confidence rather than short-term speculation.
Beyond derivatives, on-chain data reinforces the strength of the setup. Hyperliquid L1 continues to hold $1.65 billion in Total Value Locked (TVL), signaling sustained capital presence within the ecosystem. At the same time, perpetual futures volume has surged to $5.19 billion over the past 24 hours, highlighting strong participation and liquidity depth.
Network activity also remains stable, with DEX volume around $93.7 million and application revenue exceeding $1 million, suggesting that underlying usage is holding steady despite recent consolidation. This convergence between capital inflows, active trading participation, and bullish positioning points toward a structurally supported move, rather than a fragile rally.
HYPE Price Prediction: Is a Rally to $60 Next?
Hyperliquid price continues to maintain a constructive bullish structure following its breakout retest, with no signs of weakness emerging in the current range. The $35–$37 zone is acting as immediate support, where price has consistently found demand. On the upside, the $45 level remains the primary resistance, marking the boundary for the next expansion phase.
HYPE price action is now compressing beneath this resistance, forming a tightening range that reflects building pressure rather than distribution. Importantly, repeated tests of this zone have failed to produce strong downside reactions, indicating that sell-side liquidity is gradually being absorbed. If price manages to secure a decisive breakout above $45, the structure opens the path toward $48–$60, followed by an extended move into the $55–$60 range.
Conversely, a breakdown below $30 would invalidate the immediate bullish setup and expose $25 as the next support level. However, current price behavior continues to favor continuation over rejection.
Final Outlook
HYPE is now entering a phase where both market structure and participation metrics are aligned toward a potential expansion move. The token has successfully held its retest, while liquidity, trading activity, and positioning continue to support the current range. This type of setup typically precedes directional continuation rather than prolonged consolidation. If $45 is reclaimed with confirmation, HYPE token is likely to transition into a higher high structure, reinforcing the current move as a continuation phase within a broader uptrend.