Hyperliquid (HYPE) Price Prediction: New High In Sights

Hyperliquid (HYPE) has faced a lack of bullish momentum since the start of the year. Despite brief rallies, it has struggled to break through key resistance levels.

Hyperliquid (HYPE) has had a rough start to the year, lacking bullish momentum and struggling to break through key resistance levels despite brief rallies. However, enthusiasts remain optimistic, largely due to HYPE’s decoupling from Bitcoin’s broader trends, which positions the token for potential future gains.

Despite the recent lackluster price action, HYPE’s funding rate has remained positive, indicating traders’ continued optimism in the token. Many traders have maintained long contracts, anticipating a recovery in HYPE’s price. This positive sentiment is key to supporting a potential rally and preventing the token from seeing significant declines in the near term.

The optimism is evident in traders’ preference for long contracts, which suggests their confidence in HYPE’s potential for upward movement, despite the token underperforming. The persistence of long positions also shows that traders are betting on a rebound in HYPE’s price. If this sentiment is sustained, it could help HYPE maintain a stable price floor and set the stage for future growth.

Adding complexity to HYPE’s market outlook is its negative correlation with Bitcoin. While Bitcoin has been struggling to maintain support above $100,000, it still presents a bullish outlook. However, HYPE’s decoupling from Bitcoin means that it may not capitalize on Bitcoin’s potential rally, especially with the recent decline in correlation.

The weakening of this correlation could make HYPE more vulnerable to corrections, as its price may not be as responsive to Bitcoin’s moves. If Bitcoin continues to show strength, HYPE’s lack of correlation could lead to further struggles, hindering its ability to break past crucial resistance levels.

HYPE has been consolidating within a range since the start of 2025, trading between $19 and $27. This range-bound trading suggests that the altcoin is waiting for a breakout. A push above $27 could signal the start of a rally, but the lack of momentum has kept it from making significant gains.

Potential上昇に向かって32ドル if HYPE manages to breach $27 and hold above that level. Achieving this would mark progress toward breaking the all-time high (ATH) of $42, with a 63% rise needed to reach that level. If $32 becomes a support floor, a new ATH could be in sight.

However, if HYPE fails to breach $27 and instead loses support at $23, the price could fall back to $19, continuing its consolidation. This would invalidate the bullish outlook and signal that HYPE may need more time to recover and gather momentum for a more significant rally.