Look, we watched Hyperliquid crawl up from the $20s like it forgot where it parked its car, and suddenly every trader is staring at it like it’s the finale of a reality show. Volume bumped toward a billion, and the price tiptoed near $35. The bears? They folded faster than a cheap umbrella at the entrance to the resistance zone between $34.85 and $35.84. Is this a straight line to the moon or just a well-timed profit-taking stroll? In the grand scheme, the HYPE price still looks like it could tip its hat to more upside.
The price cleared the neckline of the double bottom pattern and shot up more than 25%-which, by the way, is about the depth of the pattern. Usually, after a breakout, you get an 8% to 10% pullback that turns a nearby resistance into solid support. Now that $30 is looking like a sturdy base for the next leg, the Hyperliquid price might keep the momentum and head toward new highs. So much for a boring chart, right?
As seen in the above chart, the HYPE price has risen well above the demand zone from the lows. There’s upward pressure, but no big supply zone forming around this price range. It suggests the bulls are in control and may stay dominant. The CMF even did a bullish reversal after dropping below 0, signaling buying interest is sneaking back into the token like it’s a clearance sale.
All signs point to Hyperliquid continuing higher in the coming days, with a few pullbacks along the way. If the token defends the $30 support, the bullish case stays intact with eyes on new highs. It’s above the 50-day MA, which could help hold the rally if bearish pressure shows up at the door. So, the HYPE price might break through $35.5 and push past $40 to test $42, a portal to a trend reversal if there ever was one.
Once the HYPE price clears these levels, a new ATH beyond $80 seems plausible, potentially stretching to $100 by late 2026. Or not-that’s the beauty of these things; it’s basically a coin flip with a better graph.
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2026-01-28 21:22