Hyperliquid Eyes Trend Reclaim: Are HYPE Bulls Ready to Run?

HYPE bulls are eyeing a trend reclaim as Hyperliquid's token shows signs of strength. Will it be enough to revive the prior rally?

Hyperliquid's HYPE token is catching eyes as it attempts a critical trend reclaim. Bulls are looking for confirmation to reignite the previous rally. Can HYPE overcome resistance and reward its holders?

HYPE Traders Monitor $35–$36 Zone for Breakout Setup

Hyperliquid’s HYPE token is retesting a crucial support zone between $35 and $36. This level, previously resistance, acted as support during the last bullish surge. After a dip to $34.93, the price bounced back, signaling early buyer interest.

Crypto analyst Mercury pointed out that reclaiming this trendline, which fueled HYPE's earlier performance, could trigger a similar upward move. A clean reclaim might send HYPE back toward its highs.

Technical Confluence and Moving Averages

The importance of this zone is amplified by its technical confluence with key moving averages. HYPE recently dipped below the 50 and 200 EMAs but is now attempting a breakout above them. Regaining these levels could indicate renewed bullish momentum.

Consolidation above these moving averages could establish a strong base for a fresh move higher. A potential upward continuation pattern is forming just above the $36 level, suggesting a climb toward the $44–$50 range if confirmed.

Strong Hyperliquid Fundamentals Back Price Structure

On-chain metrics continue to underpin HYPE’s long-term strength. Hyperliquid ranks third in Web3 revenue generation, trailing only Tether and Circle. Notably, 93% of the collected fees are used to buy back HYPE, while the remaining 7% goes to liquidity providers, reinforcing long-term sustainability.

Hyperliquid’s assistance fund is expected to purchase $150–$200 million worth of HYPE over the next two months, further supporting the token's value.

Overall Market Sentiment

Despite the recent price drop, HYPE maintains solid structural support at $30, $26, and $20. As long as the $35–$36 zone holds, bulls retain control of the short-term trend. With daily trading volume surpassing $425 million and the price holding above $34, HYPE appears poised for another upward leg.

Traders are keenly awaiting confirmation of strength in the coming sessions, with the $35-36 range to be the level to watch.

Final Thoughts

So, will HYPE reclaim its throne and reward the bulls? Only time will tell, but with strong fundamentals and a critical trendline in sight, it’s definitely one to watch. Keep your eyes peeled, and may the odds be ever in your favor!