HYPE Rallies 36% in a Week, But Momentum Nears a Crossroad

HYPE, the native token of Hyperliquid, has gained over 36% in the past week, briefly reaching $50 before easing ￰0￱ move followed steady trading activity and a confirmed bullish setup that developed earlier in the ￰1￱ the time of writing, HYPE is trading around $49, with a daily volume of $660 ￰2￱ token holds a market cap just under $13 billion, placing it 16th among all digital assets by size (CoinGecko). Meanwhile, the recent rally also followed increased visibility after HYPE was listed on Robinhood, and attention grew around the S-1 filing from the project’s ￰3￱ Reaches Major Resistance Zone The recent rally pushed HYPE into a key technical ￰4￱ is now trading inside the 0.618–0.66 Fibonacci zone, viewed as ￰5￱ $50 mark remains a strong barrier that has acted as a reaction level several times in the ￰6￱ RSI on the daily chart has risen to about 59, indicating constant upward ￰7￱ market has not yet shown tiredness at this level, but the slight pause near the resistance indicates the necessity of validation before the assumption of further continuation.

Moreover, on the 4-hour chart, the structure remains neutral but under ￰8￱ asset has stalled just under the resistance ￰9￱ importantly, the RSI has been moving along an ascending trendline, which is now close to ￰10￱ noted , “If the breakout doesn’t happen before that RSI trendline cracks, expect a short-term downtrend toward the $37–$38 range.” This level aligns with prior support from earlier this month and could serve as a pullback target if buyers lose ￰11￱ Structure Still Intact Looking beyond the immediate picture, HYPE continues to trade within a rising channel that has remained in place since early ￰12￱ token bounced off the lower end of the channel earlier this month and is now approaching the middle range, near $49–$50.