The Real Reason Hyperliquid HYPE Is Beating the Market Today

Why Hyperliquid Price Prediction 2026 Is Back in Focus Today

The crypto market looked quiet today. 

Bitcoin and major altcoins are also moving slowly.

But Hyperliquid HYPE moved fast. In the last 24 hours, coin price jumped 28%. Weekly gains now stand near 56%.

This sudden move has put Hyperliquid Price Prediction 2026 back in focus. The rally is not just about price candles.

Trading in Silver and Gold pairs on the Hyperliquid platform has pushed volume to record levels. Market cap is now above 10 billion dollars, and open interest keeps rising.

So what is driving this move, and can HYPE move closer to its all-time high near 35 dollars?

Key Market Reasons Why HYPE Is Up Today

This move did not come out of nowhere. A few market changes are pushing ths altcoin price higher today.

       1.Commodities Trading Surge Brings Fresh Liquidity:

Silver and Gold trading has pushed activity on Hyperliquid sharply higher. Open interest in HIP-3 perpetual markets touched a record 793 million dollars, rising more than 200% in a month as commodities volume surged.

With trading fees feeding HYPE buybacks and token burns, this flow is quietly tightening supply and giving price extra support.

       2.Old Selling Pressure Is Finally Clearing for HYPE:

Wallets linked to Tornado Cash and the Continue Fund have stopped heavy selling, which is easing pressure on Hyperliquid. Well-known anonymous crypto derivatives trader and researcher McKenna (@Crypto_McKenna) notes that this has allowed institutions to slowly return as buyers.

Still, future supply could matter, as team-linked wallets are set to release about 1.2 million Hyperliquid coin each month from January 2026.

Technical Setup Explains Why HYPE Is Up Today

On the TradingView 4-hour chart, price has broken out from a falling channel that had kept price under pressure for several sessions. The breakout came after the price built a base near the $21–$22 support zone, showing that sellers were losing control.

Price has also moved above its long-term resistance near $28. This level had stopped previous rallies, so moving past it adds strength to the current move.

Now price is trading above the channel top, which often signals a shift from recovery to expansion. Such structures often appear after long pullbacks, when buyers slowly regain control.

What the Indicators Say

Volume: 24-hour volume has jumped to $810.02M, up 104.15%. This rise shows fresh trader activity, but such sharp spikes often cool down after the first push.

RSI: RSI is around 87, sitting deep in the overbought zone. Momentum is strong, but a short-term pullback or pause would not be unusual at these levels.

100 EMA: Price is trading well above the 100 EMA, turning it into short-term support. This keeps the trend positive as long as price stays above this average.

Key Levels to Watch

Short-Term Resistance: Price is now facing resistance near $35, which is also the all-time high zone. This level can attract profit booking after the sharp rally.

Short-Term Support: Support is sitting near the $28.00–$26.50 area, where the last breakout happened and buyers earlier stepped in.

Invalidation Level: A sustained move below $26 would weaken the current bullish structure and signal that momentum is cooling off.

Analyst BigCheds Trade View on HYPE Daily Chart

On the daily chart, Hyperliquid has reclaimed the $32 zone and is now moving toward the next area of interest near $36. As highlighted by BigCheds, a clean move above $36 can open the path toward the $38 level, where the 200 EMA is sitting.

This zone could act as the next technical target if buying strength continues. However, price may pause near $36 first, as traders often take profits around such visible levels.

Analyst CryptoRand Sees Path Toward $100 for HYPE

On the 3-day chart, HYPE is showing a recovery structure that could open higher zones over time. Analyst CryptoRand highlights $43, $51, and $63 as the next key levels where price may slow or react before attempting a larger move.

If these areas are cleared with strength, the broader path points toward the $100 range in the longer term.

However, this view weakens if price drops back below $21.50, which would break the current recovery structure and shift momentum lower again.

HYPE Price Prediction 2026: Based on Current Market Structure

Short-Term Targets: If momentum holds, HYPE can move toward $36 and then $43. A pullback toward $28–$26 would still keep the structure positive.

Short-Term Invalidation: This bullish view weakens if price drops below $26, as it would signal that the recent breakout is failing.

Long-Term Targets: On higher timeframes, a break above $51 and $63 can open the path toward the $100 range over time.

Long-Term Invalidation: A deeper move below $21.50 would break the broader recovery structure and shift the long-term outlook back to the downside.

Expert View 

Market action around HYPE shows strong participation driven by trading flow rather than hype alone. 

In the context of Hyperliquid Price Prediction 2026, the mix of rising commodities volume, easing sell pressure, and a technical breakout has tilted short-term bias toward buyers. 

As long as price holds above the $28–$26 support zone, upside attempts toward $36 and $43 remain possible. 

However, momentum-led rallies often slow near visible levels like the all-time high zone, and weakness below $21.50 would shift the broader outlook back to the downside.

YMYL Disclaimer: This content is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are highly volatile, and readers should conduct their own research or consult a financial advisor before making any investment decisions.