Hyperliquid Price Analysis: Why $40 Is a Key Level for HYPE’s Next Move

The $40 level has emerged as a critical pivot point for Hyperliquid (HYPE), signaling a potential shift in market direction rather than a long-term price ceiling. After a strong upward rally that pushed HYPE into the mid-$40 range, the asset has recently experienced a mild pullback. However, the broader trend remains bullish, supported by a pattern of consistently higher lows visible on the chart.

Since forming a local bottom earlier this year, HYPE/USDT has maintained a steady upward trajectory, reinforced by an ascending trendline. Despite facing resistance near $45, the price structure remains intact, suggesting that the current dip is more of a consolidation phase than a reversal. Notably, the $40 zone is now acting as short-term support, indicating that buyers are still actively defending this level.

Technical indicators further support a bullish outlook. Short-term moving averages are trending upward and positioned below the current price, offering dynamic support. Meanwhile, the 100-day moving average, located slightly lower, could play a crucial role in signaling broader momentum shifts if it begins to flatten. For now, as long as HYPE remains above these key levels, the overall market bias leans toward continued upside.

Volume analysis also reinforces this perspective. The recent decline has occurred on relatively low trading volume, which often suggests a temporary pause rather than a breakdown in trending markets. Additionally, momentum indicators are cooling off after reaching elevated levels, a healthy reset that could pave the way for further gains.

If buyers continue to hold the $40 support, a move back toward the $44–$46 resistance range becomes increasingly likely. A confirmed breakout above this zone could accelerate bullish momentum and open the door to higher price targets, making HYPE a cryptocurrency to watch closely in the near term.