Hyperliquid Presses Against $50–$52 Resistance
Hyperliquid is edging closer to a breakout, with price action repeatedly testing the $50–$52 zone. Traders view this range as the gateway to price discovery, where new all-time highs could come into play. An ascending triangle pattern is forming, signaling that buyers are gradually preparing for a decisive move upward.
As long as HYPE maintains its rising base near $44–$45, momentum favors the bulls. A clean breakout above $52 would mark the start of a new upward leg, potentially opening the door to price discovery.
On-Chain Absorption Ratio Shows Bullish Momentum
Fresh on-chain data indicates that Hyperliquid’s absorption ratio is trending lower while price steadily climbs. This signals reduced sell-side pressure, allowing price to move higher with less resistance.
Strong buy support has reinforced momentum throughout consolidation, suggesting sellers are running out of strength to cap the advance. This bullish divergence adds weight to the breakout scenario above $52.
RSI Reset Aligns With Strong Support
The weekly chart highlights HYPE’s resilience above the $42 support zone. This level has consistently acted as a floor during recent consolidation, providing a strong base for bullish setups.
At the same time, the weekly RSI has fully reset and is now beginning to rise again. Such a reset typically indicates that excess momentum has cleared out, priming the market for another wave upward.
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USDH Buybacks Create Fresh Demand Catalyst
A critical driver behind this bullish outlook is Hyperliquid’s USDH revenue allocation. With 95% of USDH’s revenue directed toward HYPE buybacks, demand-side pressure is expected to intensify.
This steady inflow of buy pressure could accelerate the breakout process and sustain momentum as new highs are tested.
Analysts Predict $60–$70 Price Target
Crypto analysts note that HYPE’s clean chart structure and repeated resistance tests point to a high-probability continuation. As long as the $46–$47 support zone holds, market structure favors an eventual breakout.
A successful close above $52 could trigger price discovery, with the next targets projected in the $60–$70 range. This aligns with analyst forecasts that strong demand and buyback mechanics will reinforce the bullish trajectory.
Path Toward New Highs
Breaking through the $50–$52 resistance zone would mark a defining moment for Hyperliquid. With RSI recovery, strong demand from USDH buybacks, and solid technical support, the setup favors a bullish continuation.
Key conditions to watch:
- Holding $46–$47 support keeps the bullish structure intact
- Ongoing USDH buybacks reinforce steady demand
- RSI recovery signals renewed momentum
If these align, Hyperliquid could quickly transition into price discovery, targeting $60–$70 as the next milestone.
