Hyperliquid resistance test at $90.45: Technical outlook

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Hyperliquid gains 10.65% to $88.19 today

Highlights

Payward, Kraken's parent, announces plans to launch regulated on-chain perpetual futures for Hyperliquid in the US using institutional infrastructure.
Hyperliquid records $200 billion in 30-day trading volume with 6.6 million funded accounts and full asset backing, broadening market visibility.
HYPE/USD trades with bullish momentum and strong buying signals, expected to consolidate between $84.93 to $90.45 over the next sessions.

Institutional demand surges as Payward drives regulated product launches

Market interest in HYPE is driven by Payward, Kraken's parent company, announcing plans to launch regulated, on-chain perpetual futures for Hyperliquid (HYPE/USD) in the US, utilizing Kraken's compliance framework and Bitnomial/NinjaTrader for contract clearing and custody, as reported by Tradingview. This move brings institutional-grade infrastructure and expands regulated access, directly supporting trading activity and increasing demand for the asset. Additional support comes from Payward's report showing 6.6 million funded accounts with full asset backing and Hyperliquid's $200 billion 30-day trading volume according to Cryptorank. Separately, Coingape reported that Near Protocol's launch of privacy-centric perpetual trading powered by Hyperliquid broadens the protocol's reach and utility, further enhancing overall market visibility.

Overbought signals flag risk as buyers dominate above support

Technically, HYPE is trading above the MA-20 ($84.6) and MA-50 ($81.11) levels on the hourly chart, while remaining far above the MA-200 at $55.92. Immediate support is defined by the Ichimoku Kijun at $83.39. The current technical structure reflects strong momentum: both MACD and ADX are in Buy mode, while several oscillators display overbought conditions, including RSI at 81.76, Stoch RSI, CCI, and Bull/Bear Power. Bull/Bear Power readings further indicate ongoing intraday buyer dominance, although the Awesome Oscillator is neutral and does not confirm the recent uptrend. This mix highlights robust buying but also points to potential short-term exhaustion due to persistent overbought signals and an emerging divergence.

Consolidation likely as breakout odds hinge on resistance test

Looking ahead over the next two to three sessions, the projected range for HYPE is $84.93 to $90.45, with the base scenario favoring sideways consolidation within these levels. The probability of another upward breakout currently stands at 77%. A close above $90.45 would set the stage for further gains and a possible continuation of the existing trend, while any sustained price action below immediate support at $83.39 may trigger a deeper short-term correction. Traders should monitor volatility as the price approaches these technical boundaries.

Anton Kharitonov, expert at Traders Union, sees short-term momentum in HYPE supported by strong trading volume and a boost from Payward's launch of regulated US perpetuals. He believes current price action remains bullish above short- and medium-term moving averages, but warns that persistent overbought signals and divergence indicators could limit upside. Cautious sentiment is warranted as consolidation is likely between $84.93 and $90.45, with breakout odds at 77%. "Until price closes above $90.45, my base case is sideways to slightly higher with a defensive bias on any drop below $83.39."

Earlier, analysts noted that regulatory clarity and institutional partnerships had positioned Hyperliquid for continued bullish momentum. The latest developments reinforce that view, as further advances in US-regulated on-chain futures and heightened trading activity now put the $90.45 level in focus for confirmation of a sustained trend continuation.

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.