• HYPE has surged 274% from March lows of $9.423 to current levels around $35.271, marking one of 2025’s strongest crypto performances.
  • Key support established at $27.842 with stronger backing at $16.842 for any potential pullbacks.

Hyperliquid has been on an impressive bullish run this year and the token is currently valued at $35.271, after soaring from its March low of $9.423. This means HYPE has recovered an impressive 274% from its low, which makes it one of the best performers in the last 24 hours.

The HYPE price trend shows a V-shaped recovery that started in March 2025. Once HYPE tested its critical support at $9.423, it was met with strong demand, which led to a lasting rise that allowed the token to break through various resistance levels. 

The recent move above $27.842 was important because this level had previously prevented it from rising during February and March. Moreover, as per CMC data, it is currently trading at $35.27 with an intraday surge of 15.19%, showcasing bullishness.

What’s Next for HYPE Price?

Hyperliquid (HYPE) Surges 15%, Eyeing on $50 Mark image 0 Source: Tradingview

Technical indicators are showing that the HYPE price is looking more positive. At present, the RSI is at 83.16, which means the asset is gaining strength but could be getting close to being overbought. 

Even if it doesn’t mean the market will drop right away, it does suggest that a pause or pullback could help the uptrend. The fact that the RSI went from oversold in March to overbought now shows that the market trend is strong.

The Social Sentiment indicator helps us understand how investors feel, currently at 0.234 and previously swinging between positive and negative. Even with the strong gains, investors seem divided, so the rally could have more room to go since retail investors usually follow the lead of institutional and smart money.

Hyperliquid MACD analysis indicates that the MACD line is above the signal line, showing strong bullish convergence at 3.182. The histogram keeps showing upward movement, though the latest bars suggest that the speed of growth is slowing a bit. In most cases, this technical setup suggests the main trend will continue and the market may soon consolidate.

In the future, investors should keep an eye on the $40.000 level and the previous cycle’s highest prices. Support is now at $27.842, and there is stronger support at the $16.842 level. The market’s technical structure is still positive, but traders should keep an eye on volatility since indicators suggest a short break from the current momentum.

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