hyperliquid

Hyperliquid (HYPE) continues to show strong resilience in the market, holding firmly above the $40 level at the time of writing on Tuesday after surging nearly 10% in the previous trading session.
Positive signals from on-chain analytics and derivatives markets are strengthening investor confidence in the ongoing bullish trend. At the same time, technical analysis suggests that HYPE still has room to extend its rally, potentially pushing toward the $50 price zone in the near future.
📊 On-Chain & Derivatives Data Support the Uptrend
Aggregated data from blockchain analytics platform CryptoQuant indicates a bullish outlook for HYPE, as both spot and futures markets are witnessing large-scale buying activity from whales.
This accumulation is happening while overall market conditions are gradually cooling down, allowing buyers to regain control. Historically, such conditions often precede strong upward price movements.
Meanwhile, derivatives market data from Coinglass shows that Hyperliquid’s Open Interest (OI) has climbed to $1.68 billion on Tuesday, marking the highest level since early February.
Open Interest has also been trending upward since early March, signaling that fresh capital continues to enter the market, strengthening demand and supporting the current bullish structure.
📈 Funding Rate Turns Positive — Bulls Take Control
Another important signal comes from the funding rate.
Hyperliquid’s funding rate turned positive on Sunday and increased to 0.008% on Tuesday, indicating that long traders are willing to pay a premium to maintain their positions.
Historically, when funding rates flip from negative to positive and continue rising, it often precedes strong bullish expansions in price.
🎯 Hyperliquid Price Outlook: $50 in Sight
From a technical perspective, HYPE recently broke above the key daily resistance level at $36.51 on Thursday.
After the breakout, the price successfully retested this level as support in the following session, before surging more than 12% by Monday.
As of Tuesday, HYPE remains stable around the $40 level, signaling that buyers are maintaining control.
If the bullish momentum continues, Hyperliquid could extend its recovery toward the major psychological level of $50.
However, traders should keep an eye on the October 29 high near $49.88, which previously acted as a strong resistance zone and may trigger selling pressure again.
📊 Technical Indicators Confirm Bullish Momentum
Technical indicators are also supporting the positive outlook.
The Relative Strength Index (RSI) on the daily timeframe is currently around 70, approaching the overbought zone. This suggests that bullish momentum remains strong, although it also indicates the possibility of short-term pullbacks within the broader uptrend.
At the same time, the MACD Indicator has confirmed a bullish crossover, with the green histogram bars continuing to expand, reinforcing the positive momentum behind the rally.
⚠️ Key Support Level to Watch
On the downside, if a correction occurs, HYPE could pull back to retest the daily support level around $36.51.
As long as this level holds, the overall bullish structure remains intact, keeping the path open for a potential move toward the $50 target.
⚠️ Final Thoughts
Hyperliquid is currently showing multiple bullish signals at once:
• Rising whale accumulation
• Increasing Open Interest in derivatives markets
• Positive funding rates
• Strong technical indicator confirmations
If these conditions persist, HYPE could be preparing for a larger breakout toward the $50 zone.
However, traders should remain cautious of short-term volatility and possible pullbacks before the next leg higher.
⚠️ This article is for informational purposes only and does not constitute financial advice. Investors should always conduct their own research before making investment decisions.
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