HYPE price has been on a tear. The 4H chart shows a clean climb from the mid-30s into the $45 area, with a brief wick toward $48 before a small pullback.
Momentum flipped bullish after price reclaimed the old mid-range near $41–42. That level now acts as the first line of support.
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What you'll learn 👉
What the chart is saying
Hyperliquid price spent weeks chopping between $36–42. Buyers finally won that battle, pushed through $42, and ran it into $47–48. The current red candle is a routine cool-off after a strong leg up. If dips keep bouncing above $42, the uptrend stays intact.
Looking at the data:
Open interest is around $7.09M, a touch lower than the $7.17M high. Price up with slightly lower OI often means positions were closed into the rally (some shorts covered, some late longs took profit). That’s healthy, it reduces the chance of a nasty flush.
Net long sits near -$6.00M (negative), telling us shorts still outweigh longs.
Net short is about $2.98M and has been creeping higher through the week.
In plain English: the market is still leaning short. HYPE price rising into a short-heavy book is the recipe for another squeeze if buyers press the highs again.
Volume
Spot and perp volume expanded on each push higher, especially on the breakout above $42. Pullback candles carry lighter volume. That’s exactly what bulls want to see: strong participation on green moves, quiet on dips.
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Key levels to Watch
Support: $42.0–42.5 (breakout retest), then $40 if things cool further.
Pivot: $45 (today’s battle zone).
Resistance: $47.5–48.0. Above that, round numbers $50 and $52 open up.
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We asked GPT to predict HYPE price for this week…
Base case: Range with upward bias. I expect HYPE to spend most of the week between $42 and $48, with $45 acting like a magnet. Dips into $42–43 likely get bought.
Bullish path: Hold $42–43, reclaim $46, and take out $47.5–48. If that breaks on rising volume, the squeeze can extend to $50, then $52. A weekly close above $48 would keep $55 in play for next week.
Bearish path: Lose $42 on a strong red candle and rising volume. That hands control back to sellers for a slide to $40, with a stretch target near $38 if the market cools broadly.
What would “surprise” the market? A fast reclaim of $47.5–48 followed by a straight shot to $50+. Positioning is still short-tilted, so one push through the highs could force more covers and accelerate the move for Hyperliquid price.
As always, watch $42 on the downside and $48 on the upside. Those two gates decide the week.
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