Hyperliquid (HYPE) Price Prediction: Triangle Compression and Bull Flag Indicate Reversal, Long Positions Aim for $50 Target

After experiencing a period of stagnation, Hyperliquid (HYPE) is entering a potentially critical stage. Although mainstream currencies like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) have started to regain momentum, HYPE has lagged behind in the past few trading days, but the charts are beginning to show a different picture.

Hyperliquid underperformed major coins in the last 24 hours

Although Bitcoin, Ether, and even Ripple are showing signs of a short-term rebound, the returns of HYPE are unusually slow. As shown in the 24-hour performance chart shared by Henrik, the performance of HYPE is far below that of other similar coins, once dropping more than -3.5%, while mainstream coins like Ripple soared over 1.9%.

From a technical perspective, such poor performance usually stems from a correction phase. Unless buying interest clearly rebounds or a structural breakout occurs, this relatively weak trend may continue for the next few trading days.

(Source: X, Henrik)

High liquidity stock buybacks continue, but the pace is slowing

Similar to the slow price trend of Hyperliquid HYPE, the repurchase activity over the weekend was also slow. As shown in the chart shared by Tobias Reisner, nearly 2 million dollars worth of HYPE tokens were repurchased on a relatively calm Saturday. The average repurchase price hovered around 44.10 dollars, which may indicate a weak support level in the short term. If this trend continues, it could lay the foundation for a market recovery once the overall momentum picks up.

On the weekend, the total amount of ultra-liquid repurchases approached 2 million USD, with the average price support level around 44.10 USD.

(Source: X, Tobias Reisner)

HYPE breaks target or may be 50 dollars

After experiencing a period of sluggish performance, Hyperliquid may finally be ready to take decisive action. As shown in Linus Caldwell's chart, the price trend is currently closely intertwined in a converging triangle pattern, with both the downward resistance level and upward support compressing towards the breakout zone. The current price is around $43.90, nearing the 50-day moving average, and any clear signs of breaking the trend line could open a short-term rebound window, with target levels between $48 and $50.

The HYPE stock price is forming a converging triangle near the 50-day moving average, and the RSI rebound suggests that the stock price will break through 50 dollars.

The Relative Strength Index (RSI) is trending upwards from the oversold area, indicating a momentum shift, which adds weight to the potential breakout. The trading volume remains moderate, but given the recent buyback support and the solid consolidation, the market structure is beginning to appear more constructive.

(Source: Trading View)

Hyperliquid market share hits an all-time high

Although the hype around price movements remains sluggish on the charts, its underlying infrastructure is quietly expanding. According to the latest data shared by n01man, Hyperliquid currently accounts for 22.8% of the total market share in the derivatives market. This marks a historic high for the protocol and secures its place among the top three in global trading volume distribution.

Although HYPE may be underperforming, the backend growth of the protocol tells a different story: institutional trust and trader adoption rates are continuously increasing. This divergence between platform strength and token trends often signals a significant catch-up rebound, especially when the technical aspects begin to align.

(Source: X, n01man)

HYPE Technical Outlook: Bullish Flag Structure Forming, High Liquidity Market Expected to Recover

Hyperliquidity may be laying the groundwork for a reversal. The four-hour chart shared by HYPEconomist shows a typical descending channel, an early signal that a bullish flag may be forming. The price is currently consolidating between two parallel trend lines, with support around $40 and resistance near $45. This movement typically indicates that the market will undergo a healthy cooling process before continuing to rise.

Hyperliquid has formed a typical bull flag between 40 and 45 dollars, suggesting a potential breakout to 50 dollars.

If this downward channel ultimately breaks upward, it could be the breakout signal that bulls have been waiting for. Breaking the upper boundary of the flag may pave the way for a rise towards $48 and eventually test the $50 region again. This view is also consistent with Linus Caldwell's perspective.

Although the short-term price trend remains sluggish, the overall pattern of HYPE is quietly changing. Structurally, the bull flag pattern, tightening triangle formation, and strong fundamental agreements collectively outline a much more constructive outlook than the price itself. The market may not have provided returns yet, but such a layout, especially against the backdrop of rising RSI and sustained buybacks, often seizes the initiative when momentum ultimately returns, capturing significant reversals.

(Source: Trading View)