HYPE is consolidating near $36 after a sharp rejection from $45.800, holding above the key structure at $30.596.
A breakout above $38.213 could reignite HYPE’s bullish momentum toward $45.800 and can possibly extend into the $48.000 zone.
A drop below $30.596 could flip sentiment bearish, which might expose deeper supports at $25.914, $17.372, and $13.586.
The cryptocurrency HYPE, native to the Hyperliquid ecosystem, is now consolidating after rejecting the $45.800 resistance. HYPE Price action shows the asset retesting a key region between $36.000 and $38.000 as traders eye the next move.
Momentum Slows, but the Trendline Is Still Alive
The broader market structure remains bullish despite the recent rejection. Hyperliquid has printed a clean uptrend since breaking the long-standing descending resistance in early April. Higher lows and sharp bounces continue to define this ascending trend.
A detailed breakdown from market analyst CryptosBatman shows how HYPE respected trend structure even during volatility. The asset initially broke above a steep downtrend months ago before surging to $45.800, where sellers stepped in aggressively. This forced a pullback toward the $36.532 level, now acting as a short-term consolidation zone.
https://twitter.com/CryptosBatman/status/1938322119940837739
At this stage, HYPE price is hovering above structural support at $30.596-a zone, buyers have frequently defended in previous dips. The chart also reflects strong demand emerging around $36.000, signaling buyer presence despite last week’s rejection. If this level holds firm, analysts believe HYPE could bounce back with fresh momentum.
HYPE Crucial Levels That Will Either Break Traders or Make Them
On top of that, there’s the fact that $38.213 could pose a minor resistance in the current formation. A breakout above that could spark another rally to reclaim the recent $45.800 high and possibly extend to $48.000. This scenario becomes highly probable if bullish pressure accelerates within this consolidation band.
That said, there’s another side to consider. A sharp drop below $30.596 with strong volume could invalidate the bullish bias. If that happens, HYPE price may slide toward deeper supports at $25.914 or $17.372, both marked by historical buying interest. For now, buyers appear determined to hold this range and protect the uptrend momentum.
Not only that, but there's also the visible price respect toward previously broken zones, an indicator of technical consistency. The recent HYPE decline seems corrective and fits within the broader ascending channel that started back in April. Unless a breakdown occurs below $30.596, this trend remains intact and technically valid.
Still, this doesn’t mean everything is settled. Traders are closely monitoring how the HYPE price behaves around $36.532 in the coming days. That pivot could determine if the next move favors another impulsive leg upward or dips toward mid-range supports.
