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Hyperliquid (HYPE) shows strong relative strength as the broader market stabilizes, signaling a shift away from recent bearish pressure
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With HYPE holding firmly above key support, a 10–15% upside move appears likely ahead of the quarterly close, if momentum sustains
The Hyperliquid price is beginning to flash a key bullish signal, with the possibility of trend reversals and sustained upside momentum. As the broader crypto market stabalises, traders are now watching whether the structure can validate the bullish reversal. And if it is confirmed, it could pave the way for a 10% to 15% rally, potentially helping the HYPE price secure a strong monthly close.
The price is showing steady strength as it continues to trade within a rising parallel channel, indicating a sustained short-term uptrend. The token has successfully reclaimed the $36–$37 support zone, which now acts as a strong base, while the price holds above key moving averages, reinforcing bullish control.
One of the pivotal bullish indicators is the formation of a potential ‘Golden Cross’ with the 50/200-day MAs heading for a bullish crossover. As the price is forming the base at the middle bands of the rising channel, a rebound from this level could push the price to the resistance of the channel. On the other hand, the RSI is displaying a bullish divergence, suggesting the rising strength of the rally.
Currently, Hyperliquid (HYPE) price is attempting to build above the $38 level, with the next key resistance near $43. A confirmed breakout above this zone could open the path toward $48–$51, aligning with the upper channel boundary and a previous supply area. However, failure to hold above $36 could weaken the structure and drag the price back toward the lower channel support near $32.
