Hyperliquid’s native token HYPE is finally back in the spotlight. The asset’s sharp rebound from mid-$30s has reignited market excitement, with participants closely watching whether this move can evolve into a full-blown breakout.

Sellers Face Mounting Pressure as Shorts Suffer Heavy Losses

Fresh on-chain data from Hyperliquid Daily reveals that short positions on Hyperliquid HYPE are getting squeezed hard. The largest short position, worth $66.35 million, is now sitting at a 13.4% unrealized loss, while multiple other large shorts are showing similar drawdowns exceeding 10%. This indicates that bears have been fighting against sustained bullish momentum since the latest breakout, and liquidations could soon accelerate if prices continue to climb.

HYPE puts shorts under pressure as bearish positions face double-digit losses amid rising long dominance. Source: Hyperliquid Daily via X

The broader positioning data shows a shift towards leverage imbalance, favoring longs. With over $50M in profitable long exposure up more than 20%, the pressure on shorts could compound into a cascading squeeze. If spot demand remains consistent, sellers may be forced to close out positions.

Technical Outlook Shows No Sign of Cooling Off

HYPE’s recent rebound from the mid-$30s has been nothing short of remarkable. The asset has steadily climbed back towards the upper resistance band near $50.00, showing minimal retracement and strong buying absorption at each dip. The consistent sequence of higher lows on the 4-hour timeframe hints at structural strength within the trend.

HYPE shows strong technical momentum as it pushes towards key resistance near $50, maintaining higher lows and steady volume. Source: Trading Tank via X

If momentum continues, Trading Tank believes that the next Hyperliquid key resistance lies around $53 to $55. Clearing that range would set up a potential retest of the $60 zone, where previous distribution took place.

Consolidation Beneath Major Resistance Zone

Hyperliquid has now fully recovered from its recent lows and is consolidating just beneath its higher-timeframe resistance, the same level that capped multiple rallies earlier this year. This horizontal zone between $48 to $50 is viewed as the “make-or-break” region, with buyers attempting to absorb supply before the next leg higher.

HYPE consolidates below its key resistance between $48 and $50, with buyers steadily absorbing supply ahead of a potential breakout. Source: Cold Blooded Shiller via X

Technically, the structure remains highly constructive: consistent retests, steady volume, and the absence of lower lows all signal accumulation. A confirmed breakout above $50 would mark a decisive shift back into price discovery mode, potentially setting the stage for new all-time highs.

Hyperliquid Price Prediction: Eyeing a New All-Time High

Momentum indicators on Greeny’s chart suggest HYPE is approaching a pivotal inflection point. The daily stochastic oscillator is overextended, showing short-term exhaustion, but the weekly stochastic is just about to flip bullish, a crossover that often precedes multi-week rallies.

Hyperlqiuid’s weekly indicators hint at a bullish crossover as price aims to flip the $49–$50 zone into support for a potential run towards $65. Source: Greeny via X

If HYPE Hyperliquid successfully flips the $49 to $50 zone into support, the structure would align perfectly for a continuation move targeting new highs near $62 to $65, marking a potential new all-time high zone.

Final Thoughts: Bulls Regaining Full Control

HYPE continues to strengthen across both technical and on-chain fronts. With shorts deeply underwater and resistance gradually eroding, the probability of a breakout above $50 has increased significantly.

As institutional traders and retail participants align behind the same trend, the next phase could see aggressive price expansion. If buyers maintain momentum and key resistances break cleanly, HYPE may soon enter a fresh discovery range, with eyes firmly set on the $60 to $65 zone as the next major upside target.

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Filed under: Bitcoin - @ October 30, 2025 10:20 pm