In the past week, the price of Hyperliquid (HYPE) has risen by 27%, an astonishing increase, breaking through the upper Bollinger Band. Despite potential danger signals, experts and investors still show strong interest and confidence in the asset.
Predictions and price momentum
On August 11, some bold predictions emerged on X (formerly Twitter). Some believe the cooling period for HYPE has ended, and it will move toward $100; while others predict its next stop could be $50, followed by $60. Meanwhile, some also think HYPE may be ready to set a new all-time high.
These predictions about X have attracted widespread attention, reflecting growing interest and confidence among experts regarding the asset's future potential.
As of the time of writing, HYPE's valuation is $45.50, up 4.5% in the past 24 hours. This impressive performance has sparked greater participation from investors and traders, leading to a 15% surge in trading volume.
Price action and technical analysis of Hyperliquid (HYPE)
AMBCrypto's technical analysis shows that the asset has been in an upward trend, supported by an upward trend line since early May 2025. This situation has changed after the price of altcoins rose over 27% in the past week.
Thanks to this round of gains, HYPE's price has climbed to the upper Bollinger Band. This suggests that while strong bullish momentum may support HYPE, the price may first undergo a correction before the next round of increases.
Historically, whenever HYPE's price touches the upper Bollinger Band, it often faces selling pressure and subsequently enters a downward trend. If this pattern repeats, the altcoin may drop about 13% in the short term before recovering.
Conversely, if the upward momentum continues and the price closes above $47, a new high may be set.
As of this writing, HYPE's Relative Strength Index (RSI) is at 60, indicating that the asset is far below the overbought region. It may have enough room to continue rising.
HYPE's TVL and traders' excessive leverage levels
Given the current market sentiment, a prominent smart contract developer shared a post on X highlighting HYPE's Total Value Locked (TVL).
Experts point out that HYPE's TVL has surged to new highs. According to him, investor recognition and trust in the asset are high, which could trigger further upward momentum.
In addition to these predictions, HYPE's price movements and the steadily rising TVL indicate that the main liquidation levels of interest for traders are at the lower side of $44.25 and the upper side of $47.
These levels not only represent important liquidation areas but also regions where traders may be severely over-leveraged.
In the past 24 hours, they have built long positions worth $10.91 million and short positions worth $3.33 million. In short, the bulls have been dominant.
