Hyperliquid Momentum Builds as HIP-3 Open Interest Hits $790M—Can HYPE Price Test $50 in February?

Source:

Source: flowscan

On the daily chart, Hyperliquid (HYPE) is attempting a structural recovery after rebounding from the $21–$22 demand zone. Price has pushed back toward the $27–$28 supply area, while the Supertrend remains bearish, indicating the broader trend has not fully flipped yet. Meanwhile, the DMI has printed a bullish crossover, with +DI overtaking −DI, signaling improving directional momentum. This combination suggests an early trend transition, but confirmation requires a Supertrend flip and acceptance above resistance.

Will Hyperliquid Price Reach $50 in February?

From a technical standpoint, Hyperliquid (HYPE) would need multiple confirmations to justify a move toward $50. Price is still trading below key overhead resistance zones near $28 and $34–$36, while the Supertrend remains bearish, signaling that the broader trend has not yet flipped. Although the bullish DMI crossover supports short-term momentum, sustained upside would require acceptance above these levels and continued volume expansion. Unless structure improves decisively, a $50 move in February appears ambitious rather than probable, with consolidation or gradual continuation being more realistic.

FAQs

Why is Hyperliquid (HYPE) price going up today?

HYPE surged after a spike in perpetual trading activity, rising open interest, and strong volume driven by growing adoption of HIP-3.

What is Hyperliquid HIP-3 and why does it matter?

HIP-3 lets builders launch perpetual futures for any asset, boosting platform usage and attracting aggressive trader participation.

Can Hyperliquid (HYPE) reach $50 in February?

A $50 move looks ambitious without a confirmed trend flip; sustained volume and acceptance above key resistance are required.

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