Hyperliquid (HYPE) tests $40 as RSI, MACD firm

Key Takeaways:

• Decisive daily close above ~$35.50 with strong volume confirms breakout.
• Holding $30–$32 supports structure; $35–$38 acts immediate gate to $40.
• Reclaim 200-day SMA, push through ~$41.76 to reduce whipsaw risk.

A Hyperliquid $40 breakout remains contingent on a decisive daily close above the mid-$30s and follow-through volume. A daily close above roughly $35.50 has been flagged as pivotal, according to FXStreet.

TronWeekly highlighted a prior bull-flag breakout and noted resistance at $40–$45, with near-term support clustered around $31–$30. Holding $30–$32 keeps structure constructive while the $35–$38 band acts as the immediate gate. Within this hype price forecast framework, losing those supports would weaken the setup.

As reported by TheCurrencyAnalytics, a push through the ~$41.76 area after reclaiming the 200-day SMA would strengthen any move and reduce whipsaw risk. That zone overlaps a known supply shelf.

CCN cautioned that momentum has, at times, looked insufficient for an immediate run, with MACD softening and RSI subdued. They cited the need to reclaim ~$35.66 to shift bias decisively, underscoring that invalidation can follow if momentum fades at resistance.

RSI and MACD signals have been cited as turning constructive into the mid-$30s, while contracting volatility bands imply a break could accelerate once triggered. These indicators do not guarantee outcomes, but they help frame probability and risk control.

Institutional positioning adds context for market depth and confidence. “We think HYPE is pretty special,” said Bob Diamond, chair of Hyperliquid Strategies Inc.

As reported by Coindesk, HSI holds about 12.6 million hype tokens and has committed at least $305 million more to open-market purchases. This scale suggests durable liquidity sponsorship if execution proceeds as stated.

Paradigm co-founder Matt Huang has argued that, on prior-cycle revenue multiples, fair value could be higher than spot. That assessment may reinforce confidence as RSI and MACD signals firm and resistance levels are retested.

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