Hyperliquid price prediction: Can buyers sustain rally after ETF filing? HYPE up 7.06%

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Hyperliquid jumps 7.06% to $40.21 today

Highlights

Hyperliquid set a new record with $1.74 billion in HIP-3 open interest, boosted by demand for tokenized commodities and S&P 500 perpetuals.
Institutional momentum is growing, evidenced by Grayscale's S-1 filing to list a HYPE ETF on Nasdaq and $14 million in weekly fees.
HYPE trades in a bullish structure with strong buyer control, a projected five-day range of $38.06–$41.11, and upside probability above 80%.

Record open interest and trading volumes fuel ecosystem expansion

Hyperliquid reached a record $1.74 billion in HIP-3 open interest on March 24, 2026, fueled by robust demand for tokenized oil and silver markets and a new offering of officially licensed S&P 500 perpetual contracts in partnership with S&P Dow Jones Indices. The protocol posted weekly trading volumes exceeding $15 billion with active trader participation topping 229,000, and generated roughly $14 million in weekly fees. Ecosystem growth is also supported by planned HIP-4 protocol upgrades, which will enable permissionless prediction market listings and drive further expansion. Institutional momentum is reflected in a recent S-1 filing by Grayscale to list a HYPE ETF on Nasdaq.

Mixed oscillator signals amid strong upside momentum and high volatility

Momentum remains positive, with MACD on D1 signaling a strong buy and ADX indicating stable buy momentum. RSI sits at 55 and leans bullish, while Stoch RSI on D1 is oversold, suggesting potential for further upside but also flagging a short-term exhaustion risk. CCI is neutral, and BBP shows overbought conditions and strong buyer dominance. AO is neutral overall and does not materially support the trend. The current session posted a $2.65 gain or 7.06% up, with no real gap between the previous close and today’s open ($37.56 vs. $37.36). The price is currently near the intraday high within a $37.25 – $40.47 range, reflecting high volatility and clear strength toward the highs. There is mild divergence between some oscillators (oversold Stoch RSI vs. persuasive bullish momentum), but intraday tone remains driven by strong upward interest and buyer control.

High breakout probability as buyers anchor a tight trading range

Looking to the next five trading days, the projected range is $38.06 to $41.11. The probability of a price increase is high (more than 80%) based on the majority of weekly indicators showing a buy signal, making a downward move less likely. The baseline scenario is continued consolidation within the $38 – $41 volatility band as buyers maintain control. In a bullish scenario, a breakout above $41.11 would indicate renewed upward momentum, while a drop below $38.06 could quickly turn the short-term tone to the downside.

Viktoras Karapetjanc, analyst at Traders Union, sees Hyperliquid’s strong uptrend underpinned by high institutional momentum and surging demand in both tokenized commodities and new index-linked markets. He believes the backdrop of record open interest, robust trading volumes, and regulatory advances like the HYPE ETF filing all point to resilient ecosystem growth. Technical signals support this optimism as buyers control both price action and sentiment despite mild short-term exhaustion risks. Looking ahead, the $38.06–$41.11 zone should act as a consolidation chamber before a probable breakout. "I see continued bullish momentum in HYPE, and as long as buyers defend support near $38, the odds favor new highs in the coming week."

Earlier, analysts noted that growing institutional and retail interest in decentralized exchanges like Hyperliquid was accelerating the shift of liquidity and price discovery beyond traditional market hours. The recent surge in trading volumes and open interest, combined with the launch of regulated partnerships and upcoming protocol upgrades, now positions Hyperliquid at the center of 24/7 market integration, making a decisive breakout above $41.11 the key level for traders to monitor in the near term.

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.