Hyperliquid is starting to look alive again after weeks of uncertainty. The token has finally broken its daily downtrend, a move that’s catching traders’ attention even as the broader market stays cautious.
HYPE price is up 13% today, trading around $45.60, making it the second top gainer in the market at writing, while trading volume has jumped by 72% over the past day. That kind of surge usually means confidence is returning, even if most traders are still hesitant to believe it.
Analyst Aylo noted that another daily close above $44 would confirm the breakout and likely send HYPE toward range highs near $52–$55, and possibly to new all-time highs if momentum continues. While sentiment remains mixed, the chart suggests that HYPE price is quietly regaining its bullish rhythm.
What the HYPE Chart Is Showing
The daily chart shows HYPE breaking through its downtrend resistance line and reclaiming territory lost earlier this month. After a strong defense on the $32 support level, the token began building higher lows and eventually broke above the 20-day and 50-day EMAs.
That crossover is generally considered a good clean break in market structure, which means bulls are finally in control.
The breakout above $44 marks a turning point. If the Hyperliquid price holds this level, the next big test sits around $52 to $55, which previously acted as a major resistance zone.
Clearing that area could open the door for another strong run, potentially toward the $65–$70 range, a level that would mark new all-time highs.
Hyperliquid Sentiment and Catalysts
Even with this recovery, some traders are still nervous about upcoming token unlocks. But as Aylo pointed out, those fears are likely overblown.
The Hyperliquid team has managed every unlock cycle with a long-term mindset, balancing supply while focusing on real growth. That track record is one reason why confidence among long-term holders remains intact.
Another major catalyst is the introduction of equities trading on the Hyperliquid frontend, which could push the protocol’s growth beyond the crypto space.
By adding traditional market exposure, Hyperliquid is diversifying its revenue streams and creating more stable, non-cyclical income.
That shift, combined with its rapid adoption, continuous protocol alignment, and strong community support, gives HYPE a unique edge among altcoins.
Read Also: Here’s Why Jupiter (JUP) Price Is Pumping Today
Hyperliquid Short-Term Outlook
If HYPE continues to close above $44, momentum could pick up fast. The next resistance between $52 and $55 will be the key to watch; a breakout there would likely draw new buyers and increase market confidence.
On the downside, $38 to $40 acts as the first area of support, while $32 remains the crucial level that bulls need to defend the HYPE price.
Right now, there’s still fear in the market, but HYPE’s chart is painting a very different picture. The breakout appears to be genuine, the fundamentals are strong, and the momentum is increasing. If this pattern persists, Hyperliquid could be setting up for one of its biggest rallies in history.
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
