Hyperliquid (HYPE) Price: How High Can it Go As Platform Growth Fuels Rally?

TLDR

Hyperliquid (HYPE) holds steady near $33.50 with daily buying pressure of $2.5M and staking unlocks nearly complete HYPE reached a new all-time high of $39.96 before retreating, showing strong momentum despite market uncertainty Technical analysis suggests HYPE mirrors SUI’s fractal pattern, potentially targeting $45-$50 zone next Key support levels identified at $28-$30 range, with $36 as immediate resistance level Hyperliquid engaged with CFTC on DeFi regulation and reported record $10.1 billion open interest

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Hyperliquid has captured attention as its native token HYPE maintains strength near $33.50 while broader crypto markets remain uncertain. The decentralized exchange token recently hit a new all-time high of $39.96 before pulling back.

Daily buying pressure continues at $2.5 million with staking unlocks nearly complete. This combination has created thin sell-side liquidity according to market observers.

HYPE broke above its previous resistance levels in recent weeks. The token shows independent strength while Bitcoin and other altcoins remain flat.

On May 26, Hyperliquid announced open interest surged to a record $10.1 billion. Users continue adopting the platform as an alternative to centralized exchanges like Binance and Coinbase.

The project operates on its own layer-one blockchain rather than third-party infrastructure. This gives the team more control over operational efficiency and platform design.

Hyperliquid
HYPE Price

Technical Analysis Points to Higher Targets

Market analysts identify a fractal pattern between HYPE and SUI token movements. Both projects showed prolonged bases, clean range breakouts, and strong rallies.

HYPE appears to be entering a similar breakout phase after clearing its accumulation range. If the pattern continues, targets of $45 to $50 become possible.

$HYPE Token and the HyperEVM network have real potential. I know it can seem complicated sometimes, but this project is making a difference with its fast and low-cost transactions.

Right now, what matters is that we support it as a community because there’s a big airdrop chance… pic.twitter.com/0rrUQs300P

— IFreqs.hl (@0xifreqs) June 2, 2025

The current consolidation near $33.50 sits above key demand zones. Support levels exist between $30 and $28.50, areas that previously launched major moves higher.

Momentum indicators show mixed signals after the recent high. The Relative Strength Index hit 86.5 on daily charts before falling below its 14-day average.

Short sellers continue facing pressure as HYPE invalidates bearish calls. Many have predicted tops since the $15 level according to trading data.

Regulatory Engagement and Platform Growth

Hyperliquid recently submitted comments to the Commodity Futures Trading Commission. The input addressed 24/7 access and decentralization in crypto markets.

The team believes their feedback could challenge existing regulations preventing financial system growth. They want clear regulatory frameworks for DeFi in the United States.

“Supporting defi in the U.S. with open dialogue and a clear regulatory framework is an opportunity to ensure the U.S. remains a leader in financial innovation while robustly protecting users,” Hyperliquid Labs stated.

The platform’s low-fee trading solution continues attracting users. Trading volumes and activity metrics show growing adoption across the ecosystem.

Key resistance now sits at the $40 level where the recent high occurred. The token retreated for four consecutive days after hitting $39.96, creating this technical barrier.

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