Hyperliquid is looking stronger than ever, holding steady above its previous all-time high and showing all the right signs of a breakout.

Hyperliquid Holding Strong Above Previous ATH

Hyperliquid is showing one of the cleanest high-timeframe setups in the entire altcoin space. After breaking out past its previous all-time high, the price has been consolidating for over seven weeks just above that key level. As MetamateDaz highlights, this kind of post-breakout accumulation, especially above a prior ATH, often builds the base for the next leg up.

HYPE holds strong above its previous all-time high, consolidating for over seven weeks. Source: MetamateDaz via X

The weekly candles are tight, volume has remained steady, and the horizontal support near $38 has been respected throughout. This extended sideways range suggests strong hands are in control, absorbing dips and building positions. If Hyperliquid price can hold this structure and break out with volume, it would validate the accumulation thesis and signal renewed strength, possibly pushing HYPE into the next price discovery phase.

Technical Outlook: Eyes on the $44 Breakout

HYPE is maintaining a solid uptrend. As pointed out by Lennaert Snyder, the price continues to respect higher lows, pushing up against the key resistance zone around $44. A breakout above this level would mark a significant technical shift and likely trigger continuation toward the $50 to $55 range.

HYPE is testing key resistance around $44, with a breakout potential towards $50 to $55. Source: Lennaert Snyder via X

The setup remains structurally clean. The trendline support from late May has held each dip, while the consolidation under resistance is tightening. This kind of coiling action often precedes explosive moves. With Hyperliquid’s fundamentals remaining strong and the broader market signaling some improvement, the current price action aligns well with the larger technical outlook.

Selling Order Book Thinning Out

Momentum on HYPE’s order book is quietly shifting in the bulls’ favor. According to data shared by Hyperliquid L1 Fan, the massive sell wall at $50, once stacked at $70 million, has thinned down to $48 million over just three days. That’s a meaningful move in market structure, especially at a price point that has been seen as a psychological ceiling. Slowly but steadily, resistance is being absorbed.

The sell wall at $50 has thinned significantly, suggesting a potential breakout is imminent. Source: Hyperliquid L1 Fan via X

This thinning of the wall supports the broader bullish thesis building across higher timeframes. After seven weeks of accumulation and multiple failed breakdowns, this kind of silent melt of major sell pressure hints at smart money positioning ahead of a breakout. Combined with the clean technical setup near $44, the Hyperliquid price action is lining up for a potential shift into price discovery.

Hyperliquid Price Analysis

HYPE is now forming a clean ascending triangle, and Livercoin’s chart highlights it well. Price reclaimed the range low and has been printing higher lows, pressing into horizontal resistance around $43. Structurally, this kind of setup tends to resolve upward, especially after a prolonged consolidation phase like the one we’ve seen around the $38 to $44 band.

HYPE is forming a clean ascending triangle, with a breakout above $44. Source: Livercoin via X

Support has consistently held at $38, while the short-term price is now coiling between $39 and $43. A confirmed breakout above $44 would open up the path toward the previous high near $48, and possibly send the price into new all-time highs if momentum follows through. With the $50 sell wall starting to thin out, the path higher is looking less obstructed from a technical standpoint.

Hyperliquid Price Prediction: What’s Next for HYPE?

Hakushu’s $100B market cap prediction for Hyperliquid isn’t just loud talk, given how HYPE has handled recent price structure. After weeks of tight consolidation, thinning sell walls, and clean technical structure, this kind of upside target is starting to shift from fantasy into long-shot territory.

Hyperliquid’s price prediction points to a 100 Billion Market Cap. Source: Hakushu via X

Right now, the chart is doing the groundwork. The ascending triangle remains intact, the $50 sell wall has thinned out, and buyers are quietly gaining the upper hand. If a breakout confirms with volume, the Hyperliquid price prediction narrative starts leaning toward a real shot at price discovery.

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Filed under: Bitcoin - @ July 5, 2025 10:18 pm