The post Hyperliquid (HYPE) Price Prediction: Solana-Like Rally in Play as HYPE Eyes Breakout Beyond $50 appeared on BitcoinEthereumNews.com.

Hyperliquid is pressing against key resistance near $41, with tightening supply and strong weekly closes hinting at a potential breakout toward new highs. Hyperliquid might be closing in on a breakout that could push the price into triple digits. After holding firm near the $40 mark and printing back-to-back green weekly candles, the chart now shows serious pressure building just below key resistance. Market participants say a breakout above $41 could unlock a fast move toward the $47 to $50 range, and potentially beyond. Hyperliquid Holds Weekly Gains Hyperliquid remains firm on the weekly chart, printing its second consecutive green candle and holding near the top of its recent range. The price has been hovering around the $39 to $40 zone, consolidating just below local resistance around $41. DegennQuant believes this pause in momentum is due to the base-building phase after a strong multi-week run. The wick rejections on the downside also show buyers are still defending dips. Hyperliquid holds near the top of its range with consecutive green weekly candles, signaling strong bullish momentum. Source: DegennQuant via X If price breaks and closes above $41 on the weekly timeframe, it could trigger a fresh leg higher into the $47 to $50 zone as the next major level to watch. Until then, this slow grind near highs is healthy. Momentum remains intact, and unless the structure breaks below $35, the broader trend continues to favor a bullish continuation. HYPE Supply Dynamics Signal Strength While HYPE’s price consolidates just below resistance, fresh on-chain data from Henrik reveals a notable drop in liquid supply. Since the start of June, the ready-for-sale supply has fallen from 106 million to 97 million, a nearly 9 million reduction in just over a month. It’s a significant reduction that signals tokens are being pulled out of…

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Filed under: News - @ July 8, 2025 1:25 am