HYPE Surges 6% After Holding Key Demand Zone
Hyperliquid (HYPE) has rebounded by 6% after a third successful defense of the $30.67 demand zone within two weeks. This key level has acted as a strong support, rejecting downward movements consistently on the daily chart.
The repeated bounces suggest a solid buyer presence, with the latest move indicating a renewed bullish trend. The stochastic RSI is currently in the oversold region, a historically bullish setup, hinting at a potential upside reversal.
Technical Indicators Show Bullish Momentum
Momentum signals are aligning in favor of HYPE. The 90-day Cumulative Volume Delta (CVD) is rising, reflecting sustained buying pressure. This indicator, which tracks the net difference between buy and sell volume, shows that buyers are consistently dominating the market.
In addition, the Long/Short Ratio for HYPE stands at 1.04, revealing that long positions are slightly outpacing shorts. Even a small margin in this metric can be significant in a volatile market, especially when supported by other bullish indicators.
Can HYPE Break Through the $40 Resistance?
As momentum builds, the next key resistance target is at $40, a level previously tested but not broken. A move above this barrier would confirm a stronger uptrend and potentially open the door to higher valuations.
Volume and sentiment will be critical. If buying pressure intensifies and trading volume increases, HYPE could breach the $40 mark in the short term. However, traders should remain cautious: failing to maintain current momentum could lead to another retest of the $30–$32 support range.
Conclusion: Strong Setup, but Follow-Through Needed
The convergence of technical support, oversold momentum indicators, and positive on-chain data points to a favorable setup for HYPE. The price structure is currently bullish, with the potential for a continued rally — provided that bullish sentiment and market participation remain strong.
For investors and traders, this may be a key moment to monitor HYPE closely as it attempts to establish a breakout. A sustained move above $40 would confirm a major shift in market structure and sentiment.