Hyperliquid (HYPE) Price Prediction: HYPE Hovers Near $30 as Market Awaits Confirmation of Trend Direction

Hyperliquid (HYPE) is sitting right on its crucial $29–$30 support zone, with participants watching closely to see whether this level sparks a recovery towards $40 or triggers a deeper breakdown.

HYPE is attempting to stabilize after a week of heavy volatility, with price holding just above the $30 mark, an area that has repeatedly acted as a short-term equilibrium throughout November and early December. Despite broader market uncertainty, HYPE has shown resilience near this zone, recovering modestly after dipping towards intraday lows seen over the weekend.

Brave New Coin data show HYPE trading around $30.91, marking a quiet 24-hour session. This cooling period has placed HYPE into a consolidating structure as market watchers assess whether momentum is shifting towards a continuation breakdown or a potential recovery back into the $40 range.

Rounding Top Pressure and Sub-$30 Risk Remain in Focus

Technical sentiment turned cautious after Ali Martinez identified a developing rounding-top formation on HYPE’s daily chart. His analysis notes that price has been gradually curving downward since the October peak, with the structure now approaching its support near $29–$30. If this neckline fails, Ali projects a potential measured-move target near $16, emphasizing the need for bulls to defend current levels to avoid a deeper retracement.

HYPE is now testing its rounding-top neckline, putting the $29–$30 support in the spotlight as bulls fight to prevent a deeper slide. Source: Ali Martinez via X

Adding to this perspective, analyst Viktor pointed out that HYPE “looks like it badly wants sub-$30,” referencing repeated failures at the $34–$36 resistance band and thin bids appearing below the $30 handle on lower-timeframe order books.

HYPE continues to show weakness as thin bids emerge below $30 and repeated rejections stack up near $34–$36. Source: Viktor via X

Together, these views reinforce the idea that downward pressure is not yet fully exhausted, but that the market is approaching a major inflection point.

Weekly Support Still Intact as Bulls Look for a Reaction

Despite the short-term caution, other market observers see opportunity building at current levels. One notable example came from HornHairs, who highlighted that HYPE is sitting directly on weekly support, a region that has historically absorbed large dips before sharp rebounds.

HYPE is sitting on a key weekly support zone that has historically sparked strong rebounds, keeping a move towards $38–$40 on the table. Source: HornHairs via X

According to his breakdown, an invalidation would only occur if HYPE holds below $30 for an extended period. As long as the weekly zone remains intact, HornHairs believes a push towards $38–$40 is still feasible, especially if the market sees a quick liquidity sweep before a reversal.

An Year Out Targets on HYPE

A broader technical map was shared by CryptoGodJohn, who outlined a 12–16 month Fibonacci-based projection for HYPE. His chart places major upside checkpoints at:

• $35.32
• $41.63
• $48.81
• $59.23

Johnny’s roadmap suggests that if HYPE can reclaim the mid-range near $34–$36, the structure opens significantly, allowing bulls to target deeper retracement levels and eventually retest macro resistance near $55 to $60.

HYPE’s long-term Fib roadmap highlights potential 12–16 month targets stretching towards $35, $41, $48, and even $59. Source: CryptoGodJohn via X

This longer-term view aligns with Hyperliquid’s strengthening ecosystem fundamentals and its rising user activity across perpetual markets.

On-Chain Activity and Whale Positioning Offer Additional Context

Fundamental momentum continues to play a role in the narrative. Coin Bureau highlighted a massive whale position showing over $45.85M of open long exposure in HYPE. While whale positioning alone does not dictate direction, such exposure reflects a degree of confidence in HYPE’s medium-term value.

This comes at a time when Hyperliquid remains one of the fastest-growing decentralized perpetual exchanges, often ranking among the highest in per-user activity and trading volume.

Whale exposure topping $45M in longs adds weight to HYPE’s medium-term outlook amid surging activity on Hyperliquid. Source: Coin Bureau via X

Hyperliquid Price Prediction: Can HYPE Hold $30 and Rebound Towards $40?

Hyperliquid’s near-term outlook hinges almost entirely on how the price reacts around the $29–$30 support. A decisive hold and bounce from this area could set the stage for a recovery towards $34, followed by a push into the $38–$40 resistance cluster.

Hyperliquid’s current price is $30.91, up 0.43% in the last 24 hours. Source: Brave New Coin

However, a bearish breakdown remains a realistic possibility if HYPE begins closing daily candles under $29. Such a move would validate the rounding-top structure highlighted by Ali and may push HYPE towards $23, $20, or even the $16 measured target in an extended downturn.

Final Thoughts

Hyperliquid sits at one of its most important levels of Q4. The $29–$30 zone is acting as both psychological and structural support, and the market is waiting for confirmation on whether this level becomes a springboard or a breakdown trigger.

With strong ecosystem fundamentals, large whale involvement, and clear technical inflection points, HYPE is approaching a moment where the next move could define its December trajectory. A rebound towards $40 is still very possible, but losing $30 would dramatically shift the landscape.