Hyperliquid has had a roller coaster ride this week, from climbing to an all-time high of $59.39 just two days ago before pulling back. The token is now changing hands at $56.06, down 0.34% on the day but still holding a modest 0.58% gain over the past week. With a market cap of $18.68 billion and 24-hour trading volume of $241.59 million, activity around HYPE has cooled slightly as volume dipped more than 30% in the past 24 hours.
Even with this slowdown, the market is closely watching how HYPE performs near the $55 support level. A successful defense here could determine whether the token has the strength to retest and possibly break past $60 in the coming sessions.
Looking at the 4-hour chart, HYPE price is consolidating after a strong rally that recently pushed it to fresh highs. The immediate support sits at $55.00, which has already been tested multiple times. This area is showing signs of demand, suggesting buyers are stepping in to defend the level.
If HYPE can sustain above $55, the next target becomes the resistance zone between $59.46 and $60.07. This band coincides with the recent peak, making it a decisive hurdle for bulls. A clean breakout above $60 could set the stage for further upside, potentially pushing HYPE into price discovery once again.
On the flip side, if $55 breaks, the token could slide toward the next support at $52.50. A deeper correction might bring $45.75 into play, but for now, momentum still favors the bullish scenario as long as $55 holds firm.
The RSI is hovering near neutral territory around 49, signaling neither overbought nor oversold conditions. This gives the token room to swing in either direction, making the support-resistance dynamics even more critical in the short term.
Adding to the bullish case, MetaMask recently announced plans to introduce perpetual trading through Hyperliquid. This integration strengthens HYPE’s utility and could attract fresh participation from traders, supporting long-term adoption.
The key support is at $55.00, where buyers are currently defending the price.
HYPE needs to break above the $59.46–$60.07 zone to open the path for new highs.
It adds perpetual trading to MetaMask via Hyperliquid, expanding utility and boosting adoption.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Ripple Swell 2025 is underway in New York City, bringing together global financial leaders, blockchain…
Sam Bankman-Fried is back in the spotlight as new legal developments unfold in this case.…
UBS has announced the successful completion of the world’s first in-production, end-to-end tokenized fund transaction…
AAVE price prediction 2025 turns increasingly optimistic as the protocol continues to strengthen its fundamentals…
The hunt for the next 100x return in crypto is leading investors to the presale…
As of October 30, Shiba Inu (SHIB) trades at $0.000018 and the year has been…
