HYPE ($39.06) is showing one of the strongest recoveries in the market right now, holding steady near $39 while many major coins struggle to regain momentum. The chart clearly shows how price has been climbing back from each dip with smoother, higher reactions, something you don’t typically see during broad market weakness.

Hyperliquid’s current price is $38.90, up 0.62% in the last 24 hours. Source: Brave New Coin

Market Data Shows HYPE Taking the Lead

HYPE continues to outperform major assets on the relative-strength comparison, holding firm while BTC ($93,053.00), ETH ($3,119.57), and SOL ($141.33) all show deeper intraday drawdowns. The data shared by Wise Crypto highlights how HYPE kept climbing during the sharp pullbacks elsewhere, clear evidence of a leading-phase asset, not a follower. Moves like this often appear early in trend reversals when stronger names begin decoupling and absorbing liquidity faster than the rest of the market.

Hyperliquid’s steady climb and higher-low structure highlight its clear outperformance against major crypto assets in the current market. Source: Wise Crypto via X

What strengthens this case further is how HYPE recovered first and fastest after each dip on the chart. While the broader market struggled to stabilize, HYPE printed higher lows across the board. That kind of behavior typically indicates accumulation and a preference for stronger coins during uncertain conditions.

Breakout Structure Building Towards Higher Targets

The trendline that capped upside attempts for days has finally been broken, with price expanding above it and reclaiming the $40 zone with authority. The breakout candle came with a clear momentum push, setting the stage for continuation into the mid-range resistance at $43.00–$43.50.

HYPE breaks through its multi-day trendline and reclaims $40 with momentum, signaling a push toward the next major resistance cluster. Source: BuerTrades via X

Once that zone is cleared, the next target becomes $48 to $50, matching the Fibonacci extension and the previous structural rejection highlighted in the chart. A clean four-hour close above $41.50 would strengthen the case for further upside, while $39.80 remains the key short-term support keeping bulls in full control.

HYPE’s Liquidity Clusters Point Towards a Sweep of $42

Crypto analyst Jesse Peralta’s shared heatmap shows heavy liquidity stacked between $41.50 and $42.20, creating a natural upside magnet. These liquidation pockets typically get swept during trending conditions, especially when price is already grinding higher. HYPE is now pressing just beneath this cluster, increasing the odds of a sharp move into the $42 region.

Heavy liquidity stacked near $41.5–$42 is acting as an upside magnet for HYPE, increasing the likelihood of a quick sweep into this zone. Source: Jesse Peralta via X

Above $42, the heatmap thins dramatically, suggesting that once this liquidity is cleared, price could accelerate straight into $44 to $45 with minimal resistance. The nearest support remains $38.80 to $39.20, but as long as the price stays above that level, liquidity-driven upside remains favored.

HYPE Technical Analysis

The daily chart continues to show solid structure, with price holding above the $39.90 support band that previously acted as major resistance. Maintaining this level keeps the bullish trend intact and opens the door towards $45.50, which is the next major range high marked on the chart.

Hyperliquid continues to hold above its key $39.90 support, keeping the bullish structure intact and signaling room for further upside. Source: Timeless via X

If momentum carries through $45.50, the next medium-term levels come in at $57.80, $67.00, and $85, based on Fibonacci projections and previous distribution zones. The only meaningful downside risk comes if price loses $39.90, which would shift focus back to $36.40, but for now, the structure remains firmly pointed upward.

Final Thoughts

HYPE is consistently positioning itself as one of the strongest assets in the current market cycle. The combination of relative strength, a clean trendline breakout, supportive liquidity conditions, and well-defined technical levels all point towards continuation rather than a deeper retrace.

Clearing the $42 liquidity band is now the next immediate objective, and doing so opens the move into $45 and potentially the $50 region shortly after. As long as $39 to $40 continues to hold, HYPE remains in a strong expansionary phase with the path of least resistance still tilted upward.