Hyperliquid (HYPE) Targets $35 Surge as Downtrend Loses Steam at Critical Long-Term Support

HYPE's bearish momentum fractures just above a key historical floor—setting the stage for a potential 40% rally.

The Support That Refuses to Break

After weeks of grinding lower, Hyperliquid's sell-off is hitting a wall. The price action is coiling near a multi-month support zone that has repeatedly sparked significant rebounds. This isn't just another level on a chart; it's where long-term holders have historically stepped in, creating a springboard for major moves. The weakening downtrend volume suggests the bears are running out of ammunition.

Mapping the Path to $35

Clearing immediate resistance opens a clear runway toward the $35 target. That price point represents more than just a number—it's a crucial psychological and technical hurdle that, if taken out, would confirm a full trend reversal. Traders are watching for a decisive breakout candle on rising volume, the classic signal that institutional money is rotating back in. Forget the hopium; this setup needs confirmation.

The Liquidity Hunt

Markets don't move on sentiment alone—they move to capture liquidity. The path to $35 likely involves shaking out weak hands below support first, a classic maneuver that fuels the subsequent rally. It's a ruthless efficiency, the kind that makes traditional finance look like it's moving in slow motion. After all, what's a few stop-losses between friends when there's a 40% upside in play?

The stage is set. HYPE's technicals are aligning for a momentum shift. If support holds, the squeeze to $35 could be swift—a reminder that in crypto, the most brutal corrections often plant the seeds for the most explosive recoveries. Just don't expect your bank manager to understand it.

Momentum Signals Hint at Seller Fatigue

According to the TradingView chart, HYPE has been moving down inside a downward-sloping channel since Q3, and recently, it bounced off support at the $24.50-$25.00 zone. Now appears to be trying to regain the $26.80-$27.00 range, which is currently a major horizontal support/resistance level in the short term.

Momentum indicators have shown early signs of positive momentum; for example, MACD has flipped to positive for the first time in weeks while RSI is slowly moving toward the neutral 50 level. A daily close above the descending trend line WOULD demonstrate continued structural strength.

The $33-$35 zone remains a large overhead resistance zone, as identified on the chart, thus this would be a key area for potentially further price movement if price can break out above $27.50 and trend line resistance.

Social Media Posts Reinforce Key Technical Levels

Providing additional background information about the market, the recent update on X by the user named crypto Bull demonstrates that, if the structural conditions improve, $35 will be a key level for potential upside moves. Because the market commentary has indicated that this level is a very important area.

$HYPE – This will age fine like a wine, soon we will see $35 range coming for this one 🚀 https://t.co/fWvlpR2qwe pic.twitter.com/VJCUoIJVvf

In conclusion, Completion of the transition phase is what we have at this time for HYPE instead of a definitive trend change. Therefore, it is critical that it maintains above its previous support area of $25.

Additionally, it would need to successfully reclaim the former resistance level to reach sustainable, continued higher target prices. If it fails at this, then the coin remains at risk of declining.