Hyperliquid (HYPE) price is showing an interesting setup on the daily chart right now. The price dipped, but the market has found a local bottom and may be preparing for another move higher. One popular analyst sees a bullish structure forming – and traders are paying close attention.
Crypto analyst Batman shared on X that HYPE has formed a clean inverse head and shoulders pattern. This is a classic reversal formation that often appears after a downtrend. When the right shoulder is complete and the neckline breaks, upward continuation becomes more likely.
Batman explained that the right shoulder appears to have just been printed, which means buyers might be stepping back in right now.
If the HYPE price can climb above the neckline near the 40$ – 50$ zone, that would confirm the breakout and open the door to higher levels.
Read Also: Analyst Doubles Down on XRP Over Bitcoin: Here’s What He Sees
Hyperliquid Price Key Levels to Watch
The neckline has already rejected HYPE several times. That makes it a very important zone. A daily candle closing above that region would show strong confidence from buyers.
If bulls manage to push the HYPE price over the neckline, the next area traders will watch sits toward the 55$ range, based on recent highs. Clearing that level would put HYPE in breakout territory and could draw in more momentum traders.
On the downside, the right-shoulder low near 36$ is the most important support. If the price falls below that, the bullish pattern weakens, and the idea of a reversal gets delayed.
Short-Term Outlook for HYPE
Hyperliquid has been gaining traction as traders look beyond the biggest exchange-issued tokens. The platform has attracted a growing community, and HYPE price action continues to reflect that increased demand.
But like every pattern in crypto, confirmation is what matters. The price must break the neckline with strong volume for this setup to play out cleanly.
For now, bulls can feel encouraged that the structure is there and support is holding. Bears, on the other hand, will be watching closely to see if resistance once again pushes Hyperliquid price lower.
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
