Hyperliquid price prediction: Will bullish strength hold as HYPE trades above $41?

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Hyperliquid jumps 7.04% to $41.53 today

Highlights

Hyperliquid Strategies launched PURR options on its stock, expanding investor tools for HYPE token exposure and risk management.
Platform activity surged, with oil perpetual futures trading increasing and HIP-3 open interest reaching a record $1.74 billion after HIP-4 enabled permissionless prediction markets.
HYPE price shows strong bullish momentum, trading above key supports with 80% probability of further gains within a $38.54–$41.59 expected range.

Option launch and record open interest fuel platform activity surge

Hyperliquid Strategies Inc. recently launched PURR options on its stock, providing investors new tools to gain exposure to the HYPE token and manage trading risk. The network recorded a surge in activity and trading volumes, particularly in oil perpetual futures, while HIP-3 open interest reached a record $1.74 billion. The HIP-4 upgrade introduced permissionless prediction market listings, expanding tradable markets on the platform.

Buyers dominate as technicals align with overbought signals and high volatility

Momentum indicators continue to support HYPE's bullish trajectory, with the MACD and ADX both signaling buyer strength and a stable uptrend. The RSI at 62.48, together with Stoch RSI and CCI, is firmly in buy or overbought territory, and Bull/Bear Power (BBP) shows continued buyer dominance. The price opened with a gap higher and is currently near the top of today's trading range ($39.88 – $41.09), underlining significant intraday volatility and persistent control by buyers. The Ichimoku Kijun level at $34.94 now serves as immediate support, while the Awesome Oscillator remains neutral.

Price consolidation likely as bullish signals face volatility band

Looking ahead, the anticipated price range for the coming week is $38.54 to $41.59, representing a volatility band relative to current levels. With strong daily bullish signals and a positive weekly RSI, but more neutral readings for MACD and ADX on the weekly view, further price increases have a high probability. The base case involves consolidation between $38.54 and $41.59, while a move above $41.59 could be triggered by additional positive momentum. A reversal below $38.54 would signal a bearish shift, but this appears unlikely at present.

Viktoras Karapetjanc, expert at Traders Union, sees strong bullish momentum in HYPE, supported by positive fundamentals and upbeat sentiment. He notes that the launch of new options and permissionless markets has driven network activity and investor interest. Price action is stable above all key moving averages, and momentum indicators stay in bullish territory. The analyst believes consolidation above $38.54 will likely hold in the near term. "If buyer demand and new product growth persist, a breakout above $41.59 could be the next logical step for HYPE," Karapetjanc says.

Earlier, analysts noted that buyers maintained strong control of Hyperliquid with robust institutional participation and protocol upgrades driving momentum across all timeframes. The latest surge in both price and trading activity, coinciding with the successful HIP-4 rollout and innovative options launches, reinforces HYPE's sustained bullish structure—making a decisive close above the current volatility band a key signal for further upside.

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.