The post Hyperliquid (HYPE) Breaks Above $40 as Bullish Structure Strengthens—What’s Next? appeared first on Coinpedia Fintech News
Hyperliquid (HYPE) price has maintained a steady uptrend since the start of the year, consistently testing higher levels. Over the past 24 hours, the price has climbed 6.39%, extending its weekly gains to 18.62% and moving above $40. Trading volume has also surged by over 55%, crossing $490 million, indicating strong market participation. Notably, HYPE has re-entered the key $40–$45 resistance zone, a decisive area that must be cleared to sustain further bullish continuation.
HYPE Price ‘Golden-Cross’ In Play
While the broader crypto market remained largely range-bound through February, Hyperliquid (HYPE) maintained a steady upward trajectory. The price followed a curved recovery structure, reclaiming the key $35 resistance zone with rising volume, which has since nearly doubled. This move also confirmed a breakout above the neckline of a double bottom pattern, strengthening the bullish outlook and opening the path toward the next resistance near $43.
As seen on the chart, the Hyperliquid price has now pushed beyond this resistance, increasing the likelihood of a Golden Cross between the 50-day and 200-day moving averages. If momentum sustains, this bullish crossover could support a continued rally toward the $43–$44 range in the near term. However, with the RSI approaching overbought levels and hinting at a potential bearish divergence, a short-term pullback or consolidation remains likely before the next leg higher.
Wrapping it Up—Will HYPE Price Reach $50 This Month
HYPE has confirmed a strong bullish reversal with a breakout above key resistance and rising momentum. While short-term exhaustion signals may trigger a brief pullback, the overall structure favors continuation. If the price sustains above breakout levels and the Golden Cross confirms, the rally could accelerate toward the $50–$52 zone, reinforcing a broader trend shift to the upside.