As the broader market recovers, Hyperliquid [HYPE] has signaled a strong reversal with a bullish breakout, drawing widespread attention.
Following the move, bold predictions surfaced on X, while experts noted HYPE may be opening the door to further upside. At press time, HYPE’s price had risen 4.75% in the past 24 hours, trading at $30.30.
During this period, significant market participation has also been observed, with trading volume rising 14.5% to $207.95 million, suggesting that traders and investors may be showing interest in the current trend.
HYPE price action and bold prediction
A crypto expert recently shared a post on X highlighting Arthur Hayes, former BitMEX CEO, making a bold prediction. Hayes revealed plans to buy more HYPE tokens, believing the asset could reach $150 by July 2026.
The ambitious target quickly went viral on X, sparking widespread debate across the platform.
Source: X/KookCapitalLLC
Looking at HYPE’s four-hour chart, the asset appears to have recently broken out of a descending triangle pattern and seems poised for a potential upside move.
Based on the current price action, if HYPE remains above the key support level of $29, it could see a 20% price uptick and may reach $36 in the coming days.
Source: TradingView
However, the bullish thesis would be invalidated if the price falls below $28 and closes a four-hour candle beneath that level. If this occurs, a sharp sell-off could follow.
At press time, the Average Directional Index (ADX), an indicator that measures the strength of an asset’s trend, stood at 12.26, which was below the key threshold of 25, indicating weak directional strength.
Meanwhile, the Relative Strength Index (RSI) has reached 57.97, suggesting that the asset remains below the overbought territory and still has room to continue its upward momentum.
Traders’ bets strengthen HYPE’s bullish structure
With the current market structure, it appears that intraday traders are closely following the trend.
Data from the derivatives analytics platform CoinGlass reveals that traders are currently over-leveraged at $28.32 on the lower side and $30.92 on the upper side.
At these levels, they have built approximately $14.49 million in long leveraged positions and $4.70 million in short leveraged positions, indicating that bulls are currently dominating the asset.
Source: CoinGlass
Another metric that is currently strengthening HYPE’s bullish outlook is its growing DEX volume and revenue over the past couple of days.
As per DeFiLlama, since the 14th of February 2026, the protocol’s revenue and DEX volume have surged from $941.78K to $1.73 million and from $57.59 million to $95.31 million, respectively, indicating a sharp rise in user activity and on-chain engagement.
Source: DeFiLlama
This notable uptick highlights increasing network demand and trading participation, which could further support HYPE’s positive price momentum in the near term.
Final Summary
- HYPE has broken out of a descending triangle pattern, with price action suggesting that another 20% upside move could be on the horizon.
- Intraday traders also appear to be strongly supporting HYPE’s bullish outlook, having placed $14.49 million in long positions against $4.70 million in short bets.
