
Hyperliquid (HYPE) posted a strong rebound today, gaining more than 6% as buyers stepped back in after weeks of subdued price action. The move marks one of the clearest upside attempts since the token entered its broader corrective phase, with price now stabilizing above recent short-term support levels. This rebound comes alongside renewed activity in derivatives markets and visible shifts in large-wallet behavior, suggesting that capital is beginning to reposition rather than exit.
While the broader trend remains technically corrective, the current rebound has placed HYPE token back into focus as traders reassess whether the downside cycle is losing strength. With momentum rebuilding and liquidity improving, the market is now watching closely to see whether this move develops into a structural shift or fades into another temporary bounce.
On-chain data shows that large holders are once again becoming active around HYPE. A notable transaction tracked recently revealed a whale depositing 665,000 HYPE into Bybit, a transfer valued at approximately $14.5 million. The wallet originally accumulated the tokens near the $11.5 region before staking them and later moving them to an exchange as the price recovered.
This behavior reflects profit realization rather than panic selling. The timing suggests early participants are distributing into improving liquidity conditions, not exiting during weakness. Historically, this type of activity tends to appear when a market is transitioning from decline into stabilization, with capital rotating rather than fully withdrawing.
At the same time, other whale wallets have been observed accumulating HYPE token around its yield-focused mechanics, aligning with the protocol’s incentive structure. This indicates that strategic capital is increasingly viewing HYPE as a productive asset, not just a speculative trade.
For months, HYPE price remains locked inside a well-defined descending channel that has governed price action since the post-rally decline. However, the latest rebound from the support zone of $20 has pushed price back toward the channel’s upper zone, placing the token at a critical inflection point. At press time, HYPE price trades at $22.89, and is eyeing to break the channel resistance of $24.
A clean move above the $24 resistance would mark the breakout and a fresh structural change, opening the path toward $30 followed by $40 in the near term. However, if HYPE price fails to move out of the channel, further consolidation may be seen ahead.
Besides the HYPE price action, the momentum indicators are also beginning to shift with the improving price structure. The Stochastic RSI is also turning higher from oversold levels, a signal that typically appears when short-term momentum starts rotating back in favor of bulls.
Also, accumulation based metric such as Accumulation/Distribution indicator is trending upward, suggesting that capital is flowing back into HYPE rather than exiting during rebounds. Furthermore, volume analysis supports this shift, as buying volume expanded during this shift.
Moreover, the Open Interest (OI) surged over 18% to $1.82 Billion along with a trading volume surge of 24%. Together, these metrics point to a structural momentum reset, where HYPE price may see a sharp channel breakout in the near sessions.
HYPE’s 2026 outlook depends on whether it breaks $24 resistance and sustains momentum. A successful breakout could push the token toward $30–$40.
HYPE may appeal to long-term investors if structural momentum holds and whales continue accumulating, but it carries typical altcoin volatility risks.
If buying volume and open interest remain strong and the $24 resistance breaks, HYPE could target $30, with $40 possible in an extended bullish move.
Active traders, early investors, and yield-focused participants may benefit as momentum improves, while new entrants should monitor volatility closely.
Price depends on whale behavior, liquidity flows, momentum indicators, and broader crypto market conditions that impact buying and selling pressure.
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