Hyperliquid (HYPE) Price Prediction: $32 Support Absorbs Major Sell-Offs, Bulls Take Control

HYPE Hyperliquid price is starting to show signs of strength that are hard to ignore. With daily buybacks hitting $3M, selling supply shrinking, and on-chain activity surging past even Ethereum, the pieces are coming together fast. Price action has held key support zones cleanly, and the technicals now point to a setup that could push toward the $50 mark. Quietly, HYPE is building momentum while the rest of the market remains undecided.

HYPE Supply Tightens as Price Strengthens

HYPE may not be making headlines yet, but the data is starting to look solid. As shared by ArthurHL, the amount of HYPE available for sale has dropped significantly, while the price has steadily climbed. The orange line on the chart tracks the available selling supply, and it’s been trending down since April, right as the blue price curve began to rise. That inverse relationship points to reduced selling pressure.

HYPE’s available selling supply has dropped sharply since April, while its price steadily climbs, signaling tightening supply and growing strength. Source: ArthurHL via X

What’s more, the assistance fund is quietly buying back around 21% of the available supply each year. As most unstakers have already sold, the market is beginning to look much cleaner on the supply side. Less HYPE in circulation will be a bullish signal for the bulls.

HYPE Takes Back the Top Spot in Daily Fees

HYPE has reclaimed the main leaderboard after it topped the 24-hour fee chart, beating out Tron and even Ethereum. While most people are still sleeping on it, HYPE is showing actual usage under the hood. While supply is getting tighter, price is climbing steadily, and now this jump in network activity.

HYPE has reclaimed the top spot in daily fees, surpassing Tron and Ethereum. Source: nooman via X

HYPE had been leading the fee charts a few times last week, but slipped behind TRX for a day or two. Now, it’s reclaimed that top spot, which shows the ongoing dominance by the chain. While attention might come and go, HYPE’s on-chain activity is proving to be much more than just a short-term spike.

HYPE Hyperliquid Price Signals More Strength Ahead

Even after a solid run-up, HYPE isn’t showing any signs of exhaustion. The chart displays a clear stair-step structure with consistently higher lows and strong follow-through candles, suggesting the trend still has momentum. What’s particularly notable is how the recent selling, especially from a major holder, JamesWynnReal, was absorbed around the $32 level with barely any disruption to the structure.

HYPE shows steady strength with strong support at $32. Source: Defi_Mochi via X

That support level held firm, and the bounce from there was both immediate and confident. Buyers have stepped in without hesitation. Now trading above $37, HYPE Hyperliquid price appears to be eyeing the psychological $50 zone as its next major target. With momentum building and previous resistance levels already cleared, crypto analyst Defi_Mochi believes there may be no pullback until the $50 mark.

HYPE Buybacks Hit $3M in Daily Volumes

Moreover, Tobias Reisner points out that what used to be a headline has now become routine as HYPE’s daily buybacks are consistently hitting the $3 million mark, and the momentum doesn’t appear to be slowing. The on-chain chart backs this up, showing that these aren’t just isolated spikes but part of a steady and sustained pattern. With the assistance fund continuing to absorb large portions of the supply, it reinforces the earlier narrative: fewer tokens in circulation while demand continues to build. This kind of sustained absorption adds a layer of confidence to Hyperliquid’s Price prediction.

HYPE’s daily buybacks consistently hit $3M. Source: Tobias Reisner via X.

Hyperliquid Technical Analysis

The HYPE chart shared by OptimusVibee shows price consolidating after a sharp rally, sitting just above a major “zone of interest” between $30 and $34. This area has become a key battleground as buyers are stepping in, while multiple daily levels now sit just overhead. With $35.50 and $36.50 acting as short-term resistance, a clean breakout above could open the door for a retest of $38 and beyond.

HYPE key resistances are at $35.50 and $36.50. Source: OptimusVibee via X.

For now, the structure remains bullish, with higher lows intact and the market respecting key technical levels. If this zone of interest holds, HYPE Hyperliquid price may quietly build for its next leg higher.

Final Thought

What makes HYPE stand out is its resilience and the clear signal that smart money is backing it up. As selling pressure fades and support zones hold firm, the path toward $50 feels more real than ever. For participants watching closely, Hyperliquid is shaping up to be one of the bullish altcoins as of now.