Hyperliquid (HYPE) Signals Bullish Reversal Amid Market Recovery

As the cryptocurrency market begins to show signs of recovery, Hyperliquid (HYPE) has emerged as a standout performer, exhibiting a strong bullish breakout that has captured significant attention across social media platforms, including X (formerly Twitter). Recent data indicates that HYPE’s price surged by 4.75% over the past 24 hours, reaching a trading price of $30.30. This uptick comes alongside a notable increase in trading volume, which rose by 14.5% to reach an impressive $207.95 million. The rise in volume suggests renewed interest from traders and investors, positioning HYPE favorably for further upward movement.

Expert Predictions and Market Sentiment

The bullish sentiment surrounding HYPE gained momentum following a bold prediction from Arthur Hayes, the former CEO of BitMEX, who announced his intention to buy more tokens. Hayes asserted that HYPE could potentially reach $150 by July 2026, a forecast that quickly went viral on X and ignited a lively discussion among crypto enthusiasts. Such ambitious projections not only highlight the potential of HYPE but also reflect the market’s growing optimism. As discussions unfold, it’s evident that HYPE is on the radar of both seasoned traders and new investors, contributing to its rising popularity.

HYPE’s Technical Analysis

Analyzing HYPE’s four-hour chart reveals a recent breakout from a descending triangle pattern, suggesting the asset is poised for a notable upside move. Current price action indicates that if HYPE can maintain itself above the crucial support level of $29, a further 20% price increase, potentially reaching $36, is within reach. This optimism is tempered by caution; should the price dip below $28 and close a four-hour candle beneath this threshold, it could lead to a sharp sell-off, thus invalidating the bullish thesis. At the time of writing, the Average Directional Index (ADX) is recorded at 12.26, indicating weak directional strength, while the Relative Strength Index (RSI) sits at 57.97, suggesting that HYPE remains below overbought conditions.

Intraday Traders Back HYPE’s Bullish Trajectory

The current market structure points to heightened activity from intraday traders who are closely monitoring HYPE for trading opportunities. Insights from the derivatives analytics platform CoinGlass indicate that traders have heavily leveraged their positions, with bullish sentiment evident at a low of $28.32 and a high of $30.92. With approximately $14.49 million in long leveraged positions and only $4.70 million in shorts, bullish traders are clearly in control. This imbalance between long and short positions further solidifies the bullish outlook for HYPE in the immediate term.

Growing Demand and Participation

Another critical factor bolstering HYPE’s bullish narrative is the surge in decentralized exchange (DEX) volume and revenue over the past few days. Data from DeFiLlama reveals a remarkable increase in the protocol’s revenue from $941.78K to $1.73 million, and a DEX volume jump from $57.59 million to $95.31 million since February 14, 2026. This stark rise underscores increasing user activity and on-chain engagement, suggesting that demand for HYPE is steadily growing. The enhanced trading participation reinforces a sense of sustained momentum within the marketplace, possibly setting the stage for bullish price action in the near future.

Conclusion: HYPE’s Path Forward

In summary, Hyperliquid’s recent breakout from a descending triangle pattern and the potential for a substantial 20% gain delineate a promising outlook for the asset. The current market dynamics, propelled by substantial long positions and increasing DEX activity, support a bullish sentiment among traders. As market conditions and trader engagement continue to evolve, HYPE may well capitalize on the existing upward momentum, positioning itself as a key player in the recovering cryptocurrency landscape. Whether HYPE can sustain this trajectory will depend on its ability to maintain critical support levels while educating the broader market on its potential.