Hyperliquid (HYPE) posts steady gains despite lower trading volume.

Open interest and funding rates signal strong buyer confidence.

Price consolidates near the $48 resistance level.

Market structure signals a possible breakout toward $100.

Hyperliquid (HYPE) continues to gain attention as the token is showing high potential for a breakout. The asset has advanced almost 1.04% in the past 24 hours and posted a 1.1% increase over the week.

At the time of writing, the token is trading at $45.60, supported by a market capitalization of $15.23 billion. Trading activity has cooled, with 24-hour volume at $198.06 million, reflecting a 12.17% decline compared to the previous session.

Despite softer turnover, the underlying trend remains constructive. Since May 2025, HYPE has established a strong upward trajectory. Price action has been consolidating in the $42 to $48 range, forming a base that could lead to further expansion if resistance levels are breached. The tight trading range indicates ongoing accumulation, often seen before breakout moves.

Also Read: HYPE Rally Gains Strength: Can Bulls Push Price Toward $56 Next?

HYPE Technical Setup Suggests Bullish Continuation

The price structure shows a constructive outlook as HYPE hovers near the top of its consolidation zone. Buyers continue to dominate rallies, while lighter selling pressure during pullbacks reflects healthy market behavior. Volume data supports this, with increases in green sessions and softer activity when prices retreat. Such dynamics typically strengthen the bullish case.

A breakout projection points to a possible move toward $100, implying gains of over 118% from current levels. Analysts suggest that an ascending triangle pattern or consolidation breakout could act as the technical trigger. A confirmed close above $48 will validate the above development and will enhance belief in the above bullish formation.

From the risk point of view, $42 is a key level of support to keep an eye on. A breakdown of the support could render the bullish case invalid and sentiment neutral or bearish. For the time being, the diminishment of evidence is on the upside.

Open Interest and Funding Indicate Confidence

Derivatives data also confirms the strength of the trend. HYPE open interest rose to $1.95 billion, a modest 0.13% increase that shows growing trader interest. Rising open interest and rising prices usually show growing confidence in the move.

The OI-weighted funding rate is 0.0078, which is positive and balanced. Long positions remain dominant without high leverage risk. With the rallies supported by volume and the open interest also increasing, the conditions remain opportune for further momentum.

Overall, if HYPE conclusively breaks above $48 with volume support, the road to $100 becomes more tenable. Until such a point, the token is very much on traders’ radars as the bullish sentiment intensifies.

Also Read: 21Shares Launches Hyperliquid ETP on SIX Swiss Exchange: Report

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Filed under: Bitcoin - @ September 5, 2025 10:30 am