What to know:
- HYPE Price trend remains structurally bullish on the 4H chart.
- The price tests resistance near the $46 to $47.5 zone.
- An RSI and MACD confirm sustained bullish momentum.
- Large wallet accumulation signals strong institutional interest in HYPE.
Hyperliquid (HYPE) price stays bullish on the 4-hour chart after reclaiming key support and recovering from a sharp dip. Price is testing major resistance, with breakout potential if momentum continues. Indicators remain positive but stabilizing, while strong accumulation from a16z-linked wallet reinforces confidence and supports the broader bullish outlook for HYPE.
HYPE Price Holds Bullish Structure Above EMA
Hyperliquid (HYPE) price on the 4-hour timeframe remains structurally bullish because price reclaimed the rising 200 EMA near $41.5 after a sharp liquidation sweep toward $38.
Strong recovery candles and elevated volume suggest aggressive buyers absorbed selling pressure and restored momentum quickly above trend support during recent trading sessions.
Current price action is testing the major resistance zone between $46 and $47.5, where previous rallies stalled. A decisive breakout with sustained volume could trigger continuation toward the psychological $50 level, according to the crypto analyst Altcoin Sherpa.
Holding above $44 would strengthen bullish control and confirm buyers remain active around local support areas.
The bearish scenario develops if price fails repeatedly near resistance and loses the $44 region, eventually closing below the 200 EMA.
That would weaken momentum and increase the probability of a deeper retracement toward $41.5 or even $38. For now, trend structure still favors upside continuation overall.
Also Read: Hyperliquid (HYPE) Price Eyes $100 Target Amid Strong Bullish Momentum
RSI and MACD Confirm Ongoing Bullish Momentum
From an indicator’s perspective, the RSI (14) gives an indication of a minor bullish movement. At 59.57 and a moving average of 53.53.
The bulls are holding onto the trend while not going overboard with their position above 70. Having dipped to the 30s, momentum is now up again, indicating increasing market confidence.
The MACD (12,26,9) continues to show a bullish trend, where the MACD line is currently at 0.83700, while the signal line stands at 0.57945.
The histogram at 0.25754 suggests that there is still some bullish pressure in the market, despite the momentum coming down a bit from the last bullish crossover.
Large HYPE Accumulation Signals Institutional Demand
On-chain activity adds further confidence, with a growing trend of accumulation in HYPE, driven by a wallet associated with a16z that makes a constant stream of acquisitions.
Recently, the wallet 0xb5E4 purchased an additional 372,000 HYPE, currently valued at roughly $16.91 million.
The same wallet has been accumulating a total of 2.11 million HYPE tokens since mid-April, which represents an estimated value of $90.87 million. This is widely regarded as a clear indication of the company’s strong performance in the crypto world.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: HYPE Price Eyes $52 as Ascending Channel Points to Upward Breakout
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