Hyperliquid (HYPE) Price Jumps 15%: Key Indicators Point to More Upside Ahead

Hyperliquid (HYPE) has seen a 15% increase in the last 2 days. This has attracted many people to the token. What is more bullish is that the price has broken out of a key resistance at around $50. Breaking a resistance level often signals that momentum is shifting, and traders start looking for the next target.

One analyst on X, Ali, even pointed out a possible move toward $67 after the breakout. That target feels ambitious, but the data shows why many are taking it seriously.

What HYPE Technical Indicators Are Showing

We checked Investing.com for indicator readings for HYPE on the daily chart and these are what we found:

Technical IndicatorValueExplanation
RSI (14)82.865Readings above 70 suggest the token is overbought. This means the price has moved up quickly and could cool down soon, although strong rallies can keep RSI high for some time.
Stochastic (9,6)85.657Similar to RSI, this shows the market is in an overbought zone. It reflects that short-term buyers may already be stretched.
MACD (12,26)1.482A positive MACD reading indicates bullish momentum. It shows that buying strength is currently outweighing selling pressure.
Ultimate Oscillator70.698This combines multiple timeframes and is also showing overbought conditions, confirming the strong upward push.
Bull/Bear Power (13)3.503Positive values show bulls are in control. This means buying demand is strong relative to selling.

Taken together, these readings suggest that HYPE is in a powerful rally, though the token might be due for short pauses or pullbacks as traders take profits.

What the Moving Averages Are Saying About Hyperliquid Price

Moving averages smooth out price action and often tell the clearer story of trend direction. For HYPE price, both simple and exponential moving averages across different timeframes are pointing higher:

Moving AverageSimpleExponential
MA2052.0552 (Buy)52.4176 (Buy)
MA5049.8928 (Buy)50.5552 (Buy)
MA10048.3100 (Buy)48.8806 (Buy)
MA20046.5962 (Buy)47.5733 (Buy)

Every major moving average is signaling “buy.” This shows the broader trend is firmly upward. When both short-term and long-term averages align like this, it usually means the market is not just reacting to a quick pump but instead building a stronger base for continuation.

The verdict here is simple: the data supports a bullish trend, though short-term pullbacks may happen along the way.

What Could Come Next for Hyperliquid

Hyperliquid breaking above $50 is no small feat. The indicators show strong bullish momentum, and moving averages confirm the trend is healthy. The overbought signals warn of possible pauses, yet they do not erase the bigger picture of strength.

Read Also: 3 Reasons Why the Pudgy Penguin (PENGU) Price Rally Could Be Delayed

The breakout could well be the start of something larger, especially if momentum carries toward that $67 target. The question now is whether HYPE token can build on this surge and establish itself as one of the stronger movers of this cycle.

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Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.

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