Hyperliquid Price Forecast: Could Trigger $45 Next Bull Phase

• Hyperliquid holds support at $30.65 and is currently trading around $30.
• Testing key resistance near $30; potential target for a breakout at $43-$45, while downside risk remains.
• Market cap is $10.41 billion, and the current volume is $229.59 million, showing consolidation after a 1.13% daily decline.

Hyperliquid (HYPE) is holding steady around $30, navigating a stable trading range as it tests key resistance near $38. While support at $30.65 remains intact, the next decisive move could either push HYPE higher toward $43–$45 or pull it back toward the $30 zone, keeping investors closely watchful.

At the time of writing, Hyperliquid was trading at $29.484, with trading volume of $229.59 million in the last 24 hours. In terms of market capitalization and market dominance, they amount to $10.41 billion and 0.34% respectively. 

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Weekly Trading Range: Hyperliquid Holding Support at $30.65

Analyst Crypto TXG mentioned that HYPE is still ranging within a small boundary on a weekly chart and is holding on at $30.65 support. It is having a hard time breaking above $35.80. 

A breakthrough above $35.80 is likely to ignite bullish momentum, while falling below $30.65 could reinforce further downside momentum. In the meantime, HYPE is still trapped within a consolidation range and awaiting the next big movement.

Sustained Close Above $38 Opens Gains

Price action indicates that HYPE is testing the $30 barrier, specifically at the point where the lower trending line intersects the resistance line. This particular spot has acted as a barrier on numerous occasions since November.

Although there has been a recent bounce from a double-bottom formation, overall, the structure is bearish while staying below the larger channel. The current consolidation zone shows that the market is awaiting a strong direction.

In the primary scenario, a possible slide back to the support level close to $38 may lead to a momentum shift with potential growth opportunities ranging from $43 to $45. Stock analysts and supporters intensely observe this critical area for the next big movement.

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