HYPE Sees a 36% Surge in One Week, Approaching Key Resistance

HYPE, the native token of Hyperliquid, has surged over 36% in the last week, peaking at $50 before retracing slightly. This price movement follows a period of sustained trading activity and a confirmed bullish setup that was established earlier this month.

Currently, HYPE is trading around $49 with a daily trading volume of $660 million. The token’s market cap is nearly $13 billion, positioning it 16th among all digital assets by market capitalization.

The recent price hike was bolstered by increased visibility, particularly after HYPE’s listing on Robinhood and growing attention from its backers concerning the S-1 filing.

Price Touches Significant Resistance Level

The current rally has brought HYPE into crucial technical territory. Trading has entered the 0.618–0.66 Fibonacci zone, which serves as a resistance area. The $50 price point is a significant hurdle, having acted as a resistance level repeatedly in the past.

The RSI on the daily chart has risen to approximately 59, indicating an ongoing upward momentum. While the market does not show signs of fatigue, the recent pause near resistance suggests a need for confirmation before further bullish assumptions can be made.

Furthermore, on the 4-hour chart, market conditions appear neutral but under pressure. The asset has stalled just below the resistance zone, with the RSI trending along a rising trendline close to breaking. Umair has remarked:

“If the breakout doesn’t happen before that RSI trendline cracks, expect a short-term downtrend toward the $37–$38 range.”

This level aligns with prior support from earlier this month and might be a target for pullback should buyer control wane.

Rising Channel Structure

Beyond the immediate market implications, HYPE maintains its position within a rising channel established since early 2025. The token recently bounced off the channel’s lower boundary and is now nearing the midpoint, trading around $49–$50.

While several indicators suggest potential weakness, others maintain a more promising perspective. The MACD has crossed to a bullish position, indicating momentum may continue to drive upward if prices remain above $44 and eventually break through the $50 barrier.

Analyst Joe Swanson has commented that the market structure is “technically neutral in the medium term,” which implies that a breakout is still needed to confirm additional strength.

Looking at broader performance, Hyperliquid is gaining significant attention. Market researcher Ryan Watkins stated:

“Hyperliquid captures 33% of all blockchain revenue, making it the leading revenue generator in the crypto economy.”

He further noted that this success comes with “the highest revenue quality and best growth trajectory”.

Warning Signs from TD Sequential

Analyst Ali Martinez has highlighted a sell signal from the TD Sequential indicator, which can indicate potential areas of market pause or retracement despite not guaranteeing a reversal.

The path ahead for HYPE will be crucial in determining whether the token will break upwards or pull back, influencing future market behavior.