What to know:
- HYPE price holds the $52–$54 support zone as buyers defend the recent correction.
- A breakout above $60 could open the path toward the $62–$65 resistance range.
- Monetalis reportedly sold 3.72 million UNI worth about $13 million through Cumberland.
Hyperliquid (HYPE) is stabilizing as buyers defend key support, while resistance continues to cap the recovery for the HYPE price. Meanwhile, Monetalis appears to be shifting exposure from UNI toward HYPE, signaling stronger confidence in Hyperliquid as traders watch for sustained accumulation and renewed bullish momentum.
At the time of writing, HYPE is trading at $56.38 with a 24-hour trading volume of $130.28 million and a market capitalization of $14.23 billion. Following the 1.29% gain over the last 24 hours, the HYPE price structure and whale accumulation point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: Hyperliquid Price Targets $75 Rally as HIP-3 Fuels Real-World Asset Demand
HYPE Price Eyes $60 Breakout as $52 Support Holds
According to the crypto analyst HypedLaunches, HYPE is attempting to stabilize after a major correction from above $75, with the price now trading near $56.27.
The HYPE price rallied from the $20–$30 region before accelerating above $50 during April and May. After peaking above $75 in June, HYPE declined toward $52–$53, where buyers have recently stepped in to defend support.
Source: HypedLaunches’ X Post
The level of $52-$54 is still significant as the HYPE price continues to form, whereas $57-$60 is an area of immediate resistance. A clear break above $60 can boost the trend and make investors focus on $62-$65 levels.
However, lower volumes indicate that the force behind the rise is still not very strong. In case of breakdown, HYPE will try to find lower levels of demand.
Monetalis Moves Millions From UNI to HYPE
The data from Lookonchain further highlighted that Fund Monetalis is moving funds out of UNI, the token of Uniswap, and into HYPE of Hyperliquid, according to the latest on-chain activity.
It is said that Monetalis’ wallets have sold 3.72 million UNI, amounting to $13 million worth of tokens via Cumberland. These wallets bought 171,543 HYPE, which is $9.56 million worth of tokens.
Source: Lookonchain’s X Post
These transactions could be a sign of rising confidence in the platform and the expanding ecosystem of decentralized derivatives on Hyperliquid, whereas the sale of UNI tokens can add extra pressure to sellers in the short term.
However, this step cannot be regarded as the evidence of the negative trend for UNI in the long run.
Following the bullish price predictions and whale activity, the HYPE price is moving in an upward direction. This move is also backed by the general trend in the crypto market as the Bitcoin price has started to move upward.
What Happens Next for HYPE?
The HYPE price may stay confined within a range due to the watchful action by the traders on the support at $52-$54 and resistance at $57-$60 zones.
Any closure above $60 may boost the bullish trend towards $62-$65. However, the accumulation of HYPE by Monetalis may improve the sentiment of the investors.
Also Read: HYPE Price Headed for $66 Amid Increased Hyperliquid Activity
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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