Hyperliquid Nears $30 as Bullish Momentum Builds
Hyperliquid is approaching the $30 level after gaining around 5% on Friday, supported by rising retail interest and growing derivatives activity.
Capital inflows into HYPE futures suggest traders are increasingly positioning for upside. Data from CoinGlass shows open interest climbing above $1.15 billion, reflecting a steady buildup of positions. At the same time, a positive funding rate indicates that market participants are largely aligned on the long side.
Technical Breakout Signals Strength
On the technical front, Hyperliquid has moved above its 200-period exponential moving average on the 4-hour chart, breaking out of a falling channel pattern that had previously constrained price action.
The token is now trading above both its 50-period and 200-period EMAs, reinforcing the shift toward bullish momentum. Indicators are also turning supportive, with MACD moving into positive territory and the RSI climbing to 64, signaling sustained buying pressure without yet entering overbought conditions.
Upside Potential and Key Levels
The recent recovery follows a rebound from earlier weekly losses and suggests a strengthening short-term outlook. Immediate resistance is emerging near the $31 and $33 levels, while a sustained breakout could open the path toward further gains above $35.
On the downside, support is likely to hold near the $28.50 area, followed by a stronger zone closer to $27.37 if selling pressure returns.
For now, Hyperliquid’s price structure points to a constructive trend as retail participation and technical signals align.
Related Articles
BitMine increased its holdings by 50,928 ETH last week. Tom Lee states that the market is currently in the final stage of a "mini bear" market.
Samson Mow: Bitcoin is undervalued compared to gold, indicating a potential for price appreciation
Pi Network Rolls Out Phase 2 Protocol Upgrades With Mandatory Node Deadline
Hyperliquid's active retail investor count has significantly increased, with a preference for high-leverage trading.