Hyperliquid Price Prediction: Rally Extends Beyond Range Highs as Bulls Target the $50 Psychological Zone

• HYPE reclaims key support as trading volume approaches $800 million daily
• Open interest climbs toward $1.81 billion as bullish momentum accelerates
• Coinbase expands USDC integration across Hyperliquid trading infrastructure

Hyperliquid’s native token HYPE extended its strong rally on Friday after buyers regained control across key technical levels. The token traded near $46 after climbing almost 19% in 24 hours. 

Trading activity also accelerated sharply, with daily volume approaching $800 million. The latest breakout pushed HYPE above its previous consolidation range and reinforced bullish sentiment across the derivatives market. 

Bullish Momentum Strengthens Above Major Support Zones

HYPE rebounded aggressively from the $38 region and invalidated the broader corrective structure seen earlier this year. Consequently, the token now trades above all major exponential moving averages on the four-hour chart. The bullish EMA alignment continues supporting trend continuation rather than immediate reversal pressure.

The recent breakout also reclaimed the important $41 to $42 region. That area previously acted as a heavy resistance cluster. However, bulls flipped the zone into support after sustained buying pressure returned.

Momentum indicators also support the current structure. The Directional Movement Index shows buyers maintaining control as the positive directional index remains above the negative reading. Additionally, the ADX trend strength indicator continues rising gradually. That setup often signals expanding momentum instead of a temporary relief bounce.

Related: XRP Price Prediction: XRP Finally Breaks $1.50 On Senate Vote Then Pulls Back To 100 EMA

Traders now watch the $46.8 to $47 area as the immediate resistance zone. A successful breakout above that level could open the path toward the psychological $50 region. Moreover, a continuation rally may eventually retest the higher timeframe peak near $59 if market conditions remain favorable.

Still, short-term volatility remains elevated after the sharp vertical advance. A healthy retracement toward the $42 to $43 region could stabilize momentum before another expansion phase begins. Significantly, bulls must defend the $41 support level to preserve the current breakout structure.

Open Interest Recovery Signals Growing Trader Confidence

Derivatives data also reflects improving sentiment around Hyperliquid. Open interest climbed steadily after several months of weak positioning activity. Earlier this year, leveraged exposure fluctuated between $1.2 billion and $1.6 billion during periods of heightened volatility.

However, conditions changed during March as HYPE recovered above major support levels. Open interest gradually returned toward $1.8 billion alongside the token’s price recovery. The latest reading near $1.81 billion suggests stronger trader participation and improving liquidity conditions entering mid-May.

Meanwhile, spot flow activity still shows intermittent profit-taking behavior. Recent netflows turned negative again after brief recovery phases during previous months. Consequently, traders continue monitoring whether inflows can stabilize during the latest breakout attempt.

Coinbase Expands USDC Presence on Hyperliquid

Coinbase also introduced a major ecosystem development by becoming the official USDC treasury deployer under Hyperliquid’s Aligned Quote Asset framework. The move strengthens USDC’s role across Hyperliquid’s on-chain trading infrastructure.

Related: Ethereum Price Prediction: February Accumulators Are Selling Into the Dip as ETH Drops 5.5%

Additionally, Coinbase plans to support broader stablecoin liquidity throughout the HyperEVM ecosystem. Native Markets will gradually phase out USDH markets during the transition process. Users will still maintain fee-free conversions between USDH and USDC while redemption services remain active.

Technical Outlook For Hyperliquid (HYPE) Price

Key levels remain clearly defined following the recent breakout on the 4H chart. HYPE has transitioned from consolidation into expansion after reclaiming the $41–$42 support zone and pushing above the $44–$45 range. Consequently, the market now trades in a short-term price discovery phase with elevated volatility.

Upside levels: $46.8–$47.0, $49.0, and $50.0 act as immediate resistance hurdles. A sustained breakout above $50 could extend momentum toward $55 and $59, which aligns with the prior all-time high region and higher timeframe liquidity targets.

Downside levels: $44.8–$45.0 serves as the first breakout retest support. Below that, $42.0–$42.3 represents a critical EMA cluster and Fibonacci confluence zone. Losing this region opens $40.0–$41.3, where the 200 EMA and prior consolidation base sit. A deeper breakdown would expose $38, the origin of the current impulsive move.

Resistance ceiling: $50 remains the key psychological and structural level to flip for sustained medium-term bullish continuation. A confirmed breakout above this zone would likely accelerate trend expansion into uncharted territory on lower timeframes.

The technical structure suggests HYPE is currently in a momentum expansion phase after reclaiming its full prior range. EMA alignment remains strongly bullish, with EMA20 above EMA50, EMA100, and EMA200. Additionally, DMI strength shows buyers still in control, although ADX indicates the trend has not yet reached exhaustion.

Will Hyperliquid Continue Its Rally?

Hyperliquid’s short-term direction now depends on whether buyers can defend the $44.8–$45 breakout zone. Holding this level would reinforce bullish continuation toward $47 and $50.

However, failure to maintain support above $42 would signal a breakdown of the breakout structure and reintroduce range-bound conditions between $38 and $42. Moreover, recent inflow volatility suggests profit-taking pressure remains active near local highs.

Related: Shiba Inu Price Prediction: SHIB Burn Rate Explodes 1034% But Price Still Fails At $0.0000648

For now, HYPE remains in a decisive expansion phase. Besides strong technical momentum, rising open interest supports continued speculative participation. Consequently, the next breakout above $50 will likely define the strength of the next major trend leg.