Hyperliquid price prediction: Further gains unlikely as HYPE nears resistance

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Hyperliquid jumps 8.16% to $34.03 today

Highlights

HYPE (Hyperliquid) trades at $34.03, well above MA-20 ($24.66) and MA-50 ($25.49), but below the longer-term MA-200 ($38.45), signaling short-term bullishness with longer-term resistance.
Overbought readings are evident with RSI at 70.15, CCI at 317.39, and Stochastic RSI elevated, while intraday buying remains dominant according to Bull/Bear Power and Awesome Oscillator.
Price is projected to consolidate between $33.65 support (Ichimoku Kijun at $27.68) and $34.50 resistance with a low probability (<20%) of further gains in the next 5 days.

Trading activity and protocol fees surge after HIP-3 upgrade and Kraken listing

The recent HIP-3 protocol upgrade on Hyperliquid enabled permissionless market creation for equities, commodities, and fiat currencies, driving record fees and volumes on the decentralized exchange. Trading activity surged, with the Silver-USDC market alone posting over $1.2 billion in 24-hour volume and HIP-3 open interest reaching an all-time high above $793 million, leading to rapid HYPE token buybacks and burns funded by protocol fees. Additionally, HYPE secured a listing on Kraken, expanding access for both retail and institutional investors.

Overbought signals and intraday strength as buyers test technical limits

Momentum readings are mixed: the ADX on the daily timeframe points to a trend supported by buyers, while the MACD is neutral. The RSI sits at 70.15 and CCI at 317.39, both indicating overbought conditions, which is confirmed by an elevated Stochastic RSI reading. Bull/Bear Power is strongly positive, highlighting intraday buying dominance. The Awesome Oscillator gives a strong buy signal, in line with the rising daily price action. Today’s session saw an opening gap up from $31.46 to $34.44, with the price holding near the upper end of the daily range ($34.46 high), indicating high volatility and clear intraday strength after the open. Despite this firm advance, the cluster of overbought signals introduces a notable divergence, as price jump and buying pressure contrast with increasingly stretched oscillator levels.

Sideways consolidation favored as overbought risk tempers breakout odds

For the next 5 trading days, the expected range is $33.65 to $34.50, keeping the action close around the current level. The probability of further price increases is very low (less than 20%), while a moderate decline remains more likely. Baseline scenario: HYPE trades sideways, consolidating gains between support at the Ichimoku Kijun and resistance near $34.50. In a bullish scenario, sustained buying lifts the price above the $34.50 zone, targeting new highs by breaking out of the ongoing range. In a bearish setup, profit-taking could push the price below $33.65, with momentum fading as overbought conditions unwind.

Anton Kharitonov, Traders Union expert, sees short-term momentum in HYPE as strong, with price action well supported by bullish technicals and recent protocol developments. He remains cautious due to widespread overbought signals and limited upside potential, especially with resistance near $34.50 and the price unable to reclaim the long-term trend. For now, the baseline scenario is sideways trading with a modest risk of retracement. "Until we see a decisive breakout above $34.50, I remain defensive and expect sideways or corrective price action."

Previously it was reported that Hyperliquid (HYPE) maintains strong short- and medium-term bullish momentum as the price trades above its 20- and 50-day moving averages, despite remaining below the longer-term MA-200 resistance. While intraday indicators show dominant buying and pronounced overbought signals, mixed momentum with a bearish MACD divergence suggests underlying caution even as prices push toward session highs.

Source of Data: HYPE Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.