As seen in the above chart, the HYPE price has risen well above the demand zone, around the lows. Although the price is facing some upward pressure, there is no strong supply zone that has formed around the current price range. This suggests the bulls are in much control and may continue to remain dominant. On the other hand, the CMF experienced a strong bullish reversal just after plunging below 0, indicating a rise in the buying interest as liquidity flows into the token.
All the parameters suggest the Hyperliquid price may continue to rise high in the coming days, which could include a couple of pullbacks. Until the token defends the support at $30, bullish prospects may prevail with a target of smashing new highs. Moreover, the price has risen over the 50-day MA, which will hold the rally if bearish pressure intensifies. Therefore, the HYPE price is believed to break the barrier at $35.5 and rise above $40 to test $42, which is an important trend reversal zone.
Once the HYPE price surpasses these levels, a new ATH beyond $80 is imminent, which may extend to $100 in late 2026.
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