Hyperliquid price prediction: Will fresh protocol upgrades sustain gains? HYPE rises 8.35%

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Hyperliquid jumps 8.35% to $32.24 today

Highlights

Hyperliquid's HYPE token surged after major product upgrades, notably the HIP-3 protocol enabling permissionless market creation, driving open interest to an all-time high of $1 billion.
DeFi total value locked rose to $1.5 billion as the HIP-4 testnet launched, introducing outcome-based prediction market contracts and sustaining developer-driven growth momentum.
HYPE trades at $32.24, well above the MA-20 ($25.98) and MA-50 ($25.64) but below MA-200 ($38.11), with technicals signaling short-term bullish momentum but limited probability of a sustained rally.

All-time high activity as protocol innovations spur DeFi adoption

Hyperliquid's HYPE token was supported by major product developments, including the rollout of the HIP-3 protocol that allows users to create new permissionless trading markets through staking. These upgrades drove all-time highs for open interest at $1 billion and boosted 24-hour trading volume to $4.8 billion. Most recently, the launch of HIP-4 on testnet introduced outcome-based prediction market contracts, with further growth in DeFi total value locked to $1.5 billion.

Sustained buying pressure as technical indicators confirm bullish momentum

Momentum signals are strong on the daily chart, with the MACD and ADX both forecasting buy conditions and indicating that upward momentum is active. RSI and Commodity Channel Index both register in bullish territory, though the Stochastic RSI remains neutral, reflecting a lack of strongly overbought or oversold conditions. Bull/Bear Power signals an overbought market, highlighting dominant buyer activity intraday. The Awesome Oscillator also supports upward momentum. There was a modest gap up at the open (from $29.76 to $30.59) and price has advanced to the upper end of today’s range ($29.47 – $33.75), reflecting robust intraday volatility and consistent strength toward the highs. Intraday tone is characterized by sustained buying pressure, with all key oscillators and momentum indicators largely confirming the price action.

Bearish weekly signals as volatility limits upside scenario

For the next five trading days, HYPE is expected to fluctuate within a typical volatility band between $30.75 and $33.75, centered around current price action. The probability of a sustained increase remains very low (less than 20%), as all key weekly momentum indicators are forecasting a bearish scenario, making further downside or consolidation more likely. The base case scenario sees HYPE stabilizing between support and resistance as buying momentum cools. A move above $33.75 would confirm the bullish case and target higher resistances, while a drop below $30.75 could prompt a sharper retracement toward subsequent support levels.

Viktoras Karapetjanc, expert at Traders Union, believes Hyperliquid’s HYPE is showing healthy short- and medium-term momentum, supported by recent product upgrades and surging DeFi engagement. He notes that while fundamentals and sentiment are positive, the prevailing market structure suggests consolidation is likely before any further breakout. Karapetjanc sees tactical opportunities for disciplined buyers within the $30.75 – $33.75 range, contingent on sustained activity and ongoing project traction. "The stage is set for further upside, but I prefer to see buyers defend $30.75 before confidence in a fresh rally grows," he says.

Previously it was reported that Hyperliquid remains above its short- and medium-term moving averages, with technical indicators highlighting ongoing bullish momentum but also flagging overbought conditions and significant volatility. Despite ecosystem expansion and institutional accumulation, the asset faces resistance below the long-term moving average, and short-term signals suggest likely consolidation between support at the Ichimoku Kijun and resistance near $30, with elevated downside risk if support breaks.

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.