Hyperliquid Price Surges 21% After HIP-4 Outcome Trading Update; 30% Upside in Focus

The broader crypto market

HYPE is finally showing some life after a long corrective phase. Price has bounced strongly from the $28–30 demand zone and is now pushing into the $35–37 resistance area, which earlier acted as a key support before the breakdown. This zone also lines up closely with the 200-day SMA near $38, making it a crucial level to watch. The recent move is backed by better volume and a positive shift in CMF, hinting that buyers are slowly stepping back in, rather than this being a random spike.

If HYPE manages to hold above $35–36, the recovery can extend toward $43 in the near term, followed by a bigger test around $48–50, where strong selling pressure is likely. However, rejection from this zone could send the price back toward $30, and if that fails, $26–28 comes back into focus. Momentum is improving, but the real trend shift only confirms above the 200-day average.

Bottom line: Can the HYPE Price Reach $50 in February 2026?

Hyperliquid’s latest rally has drawn comparisons to the market response following the HIP-3 update, which marked one of the protocol’s earlier major product milestones. After HIP-3 was rolled out, HYPE saw a sustained price expansion, rising from the low-$20 range to above $30 over the following weeks, a move of roughly 40%–45%, supported by rising platform activity and visibility rather than a short-lived speculative spike.

If HIP-4 gains traction similar to HIP-3, increased participation and liquidity could make the current rally more durable rather than just a short-term spike. With this, the possibility of surpassing $50 could be more realistic, paving the way for a new ATH this month.