Hyperliquid has had a volatile few weeks, but things are finally starting to look more interesting. After dropping below $35 earlier this month, HYPE price is showing some early signs of strength again, climbing back toward the $39–$40 zone.
The renewed optimism comes as the Hyperliquid team moves ahead with major developments, including a planned Nasdaq listing through its SPAC merger and a $305 million treasury expansion that could see the company buying more HYPE tokens directly from the market.
That combination of fundamental momentum and technical recovery is setting up for what could be a crucial Q4 for HYPE holders. But the real question is: can the price actually hold this rebound, or is it just a relief bounce before another leg down?
What you'll learn 👉
What the HYPE Chart Is Showing
Looking at the 4H chart, HYPE price action has been consolidating following a sharp drop from the mid-$50 area. The recent bounce from the area around $32 marked the first notable higher low in weeks, which indicates that short-term momentum may be reversing.
The $39 level is acting as a key pivot. If buyers can keep the HYPE price above it, the next resistance sits near $44–$46, where the previous breakdown began.
Volume remains modest but is increasing gradually, suggesting fresh involvement following weeks of exhaustion selling. The chart also shows a developing mild bullish divergence between price and momentum indicators, which usually precedes more vigorous recovery movements.
Nonetheless, $30 is the clear line in the sand; losing it again would most likely see a retest of the September lows.
Market Indicators
Open interest has stabilized around 97 million, showing that traders are beginning to rebuild positions but without the kind of aggressive leverage that usually fuels sharp volatility.
Net long and short numbers suggest a balance in the wings, with bears still slightly ahead but in weakening mode.
The 4-hour chart MACD has now crossed positive, rising above the signal line for the first time since early October. This kind of crossover can frequently be the precursor to a possible short-term uptrend, especially if supported by rising volume.
Still, broader sentiment remains mixed, while the treasury’s plan to accumulate more tokens is undeniably bullish, the looming token unlocks expected in late 2025 continue to cast a shadow over long-term confidence.
Read Also: Why Is Yield Basis (YB) Pumping Right Now?
HYPE Price Short-Term Outlook for Q4
Near term, HYPE seems poised for a technical rebound as long as it holds above $35. Bulls, if they can hold this zone and recapture $44, may see momentum accelerate quickly toward $50, a psychological barrier that has previously been both support and resistance.
However, the market will be watching closely to see if Hyperliquid Strategies’ buyback activity picks up meaningful steam in the coming weeks. Sustained corporate demand could stabilize price action and attract new investors ahead of the Nasdaq debut.
On the flip side, without strong follow-through in trading volume or ecosystem growth, HYPE price could remain trapped in a $30–$45 consolidation channel for most of Q4. For now, sentiment is cautiously optimistic, a phase of quiet accumulation before the next big move.
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