Hyperliquid’s native token, HYPE, has been on traders’ radar ever since it quietly entered price discovery mode earlier this month. From low-volume trading in April to now breaking past resistance levels, the token has seen a steady rise — and it’s raising the obvious question: is this just a temporary rally, or the start of a sustained uptrend?
Let’s take a closer look at what the charts are showing, how traders have been reacting lately, and what both analysts and AI models are pointing to in terms of where HYPE might be headed next.
Recent Price Action and Breakout
Over the past few weeks, HYPE was mostly trading sideways, stuck in a narrow range between $30 and $35. There wasn’t much volume, and the market felt quiet — almost like it was waiting for something to happen. That changed earlier this month when the price finally broke above the $35.88 level, a point it had struggled to cross before.
When the resistance level finally broke, the buying momentum picked up fast. In early May, HYPE managed to move past the $35.88 mark, which had been a tough barrier for several days. After crossing that point, more buyers jumped in, driving the price up to a new range between $42 and $44.
What makes this move stand out is that it wasn’t driven by hype or influencer chatter. Instead, the rally seems to be backed by consistent spot demand. Wallet data shows steady accumulation near $34, particularly from addresses that tend to be longer-term holders. That kind of activity usually means buyers aren’t chasing quick profits — they’re positioning for further upside.
What Analysts Are Seeing
Technical analysts say HYPE is now in an important testing phase. The breakout above $35.88 was key, but the real test lies at $45. If the token can build support above that level, it opens the door to higher targets — some putting the next stop around $65, while a few bullish calls even go as far as $85–$90 if momentum continues.
However, analysts are cautious. After any sharp breakout, a pullback is normal. If HYPE dips back to $36–$38 and holds that zone, it would likely be seen as a healthy retest rather than a sign of weakness. A breakdown below $35, though, could flip sentiment quickly, especially if volume starts to dry up.
The price has shown solid strength so far, but many traders are holding back, waiting for a clear signal before fully committing.
What AI Models Are Predicting
From the AI side, models that analyze trading activity and blockchain data are highlighting similar important price levels. They mostly agree that if HYPE stays above $38.98, the upward trend should keep going. The probability of revisiting $50 in the short term is fairly high, based on current momentum.
AI models also identify $34–$36 as a likely retracement range if the rally cools off. This area is already showing signs of acting as support in case of a dip. Interestingly, AI tools are also tracking behavior around the $45 zone — just like the analysts — marking it as the “decision level” where trend direction could either strengthen or stall.
Analyst vs. AI: Same Direction, Different Tools
There’s not much disagreement between analysts and AI models this time — both lean cautiously bullish. But their methods differ:
Analysts are reading the charts, historical resistance, and watching what big wallets are doing.
AI tools are looking at real-time liquidity shifts and trading pattern recognition.
They’re arriving at similar conclusions: watch $45 as the next key level, and if support holds at $38 or higher, the uptrend likely continues.
Final Thoughts: Promising But Still Early
Hyperliquid’s HYPE token is in a strong technical position right now. It’s not overhyped, and it’s not too quiet either. This balanced momentum gives it a shot at steady growth — if it can hold the gains.
For now, the $36–$38 range is the zone to watch for a healthy retest, while a close above $45 could push HYPE into a new price range. Whether you follow analysts or AI models, both are saying the same thing in different languages — HYPE has potential, but confirmation is still king.
Also Read: How Crypto Trader “James Wynn” made Millions on Hyperliquid
