Hyperliquid is quickly becoming one of the most talked-about names in crypto, with price action and fundamentals now aligning for a potential breakout. After defending its $40 base and climbing back toward the mid-$40s, market watchers believe that HYPE token could be gearing up for a decisive push higher.

Hyperliquid Marks Strong Recovery From $40 Support

Hyperliquid has staged a sharp rebound after defending the $40 to $42 zone, a level that has now proven itself as solid support on multiple retests. The latest bounce carries the price back into the mid-$45 range, with the chart showing a shift in momentum.

With $47.50 marked as near-term resistance, a decisive break above this level could open the path towards $50, where the next major supply zone is waiting.

Hyperliquid rebounds strongly from the $40 support zone, with buybacks and rising volume reinforcing bullish momentum. Source: Trenches via X

Analyst Trenches notes that 99% of Hyperliquid’s revenue is being funneled into buybacks, creating steady demand while the HyperEVM network expansion continues to attract attention. Volume spikes on rebounds add weight to the bullish setup, suggesting buyers are defending aggressively at these levels.

Hyperliquid Price in Position for a Breakout

HYPEBTC has been consolidating since June, with price repeatedly testing the upper boundary of its range. The chart highlights a clear horizontal resistance band that, if broken, could trigger a decisive move higher. Ichimoku Cloud support remains intact beneath price, while the RSI sits near overbought territory, signaling momentum is building but also warning that traders should watch for potential pullbacks before continuation.

Hyperliquid consolidates near resistance as volume builds, with Ichimoku Cloud support and RSI momentum hinting at a breakout setup. Source: McKenna via X

Volume has been gradually ticking up during the latest tests of resistance, and moving averages are beginning to flatten, reducing downward pressure. With consolidation now lasting multiple months, the setup carries the hallmarks of an impending breakout.

Strong Revenues Support Hyperliquid Momentum

Fresh data shared by analyst Aylo shows Hyperliquid generating nearly $29M in protocol revenue on August 18, vastly outpacing established chains like Ethereum and Solana during the same period. This surge highlights not only strong network demand but also the increasing role of Hyperliquid’s ecosystem in capturing trading activity.

Hyperliquid posts $29M in single-day revenue, surpassing Ethereum and Solana as buybacks and strong demand fuel momentum. Source: Aylo via X

The combination of rising revenues, consistent buybacks, and a consolidating price structure creates a compelling backdrop for further upside. While some argue valuation may already be stretched, the sustained ability to generate this level of income suggests Hyperliquid is far from cooling off.

Big Weekend Numbers for Hyperliquid

Hyperliquid continues to post eye-catching figures, with weekend fees alone annualizing to nearly $2B, a level that rivals some of the biggest centralized exchanges. Even more notable, its spot volume recently outpaced the combined activity of Coinbase and Bybit.

Hyperliquid’s weekend fees annualize near $2B. Source: Daz via X

As analyst Daz points out, these metrics reflect a market presence that’s growing faster than many expected. This kind of fundamental strength adds weight to the bullish technical picture already forming for HYPE.

Hyperliquid Price Prediction: Breakout Eyes $50 Target

Hyperliquid’s chart shows price testing the $45 to $46 resistance zone, a level that has capped multiple rallies over the past week. The recent push above the descending trendline is a constructive sign, hinting at breakout momentum as long as the price can hold above this reclaimed level. With the 200 EMA sitting just below at $44, short-term structure remains supported, giving bulls a clear line to defend if momentum cools.

Analyst Sigma Trader notes that clearing $46 decisively would put the $50 target back in play, where the next major resistance sits. Volume has started to rise on this move, suggesting that buyers are stepping in with aggression.

Final Thoughts: What Next for Hyperliquid Price?

Hyperliquid now sits at a key crossroads, with $46 emerging as the immediate level that could decide short-term direction. A firm push through this barrier opens the path toward $50, while rejection could see price drift back into the $42 to $44 consolidation zone.

Market watchers are closely watching volume expansion here, since a breakout without follow-through would risk another range-bound stretch. On-chain and revenue metrics remain supportive, which helps cushion downside risks even if momentum cools.

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Filed under: Bitcoin - @ August 26, 2025 7:23 pm