Hyperliquid (HYPE) is currently trading at $25.89, an increase of 1.9% over the last one day. The trading volume is increased by 1.07%, and it is currently at $104.02 million. The price of the HYPE coin has increased by 5.51% over the past week.
Source: CoinMarketCap
Analyst Umair Crypto highlighted that HYPE is trading in a tight range between the local VAH of $26.26 and the doubled POC of $24.6. This zone price movement has been limited during two sessions. He noted that range is an expression of balance that restrains expansion until a change of decision occurs.
He identified the level of RSI at about 50 as a decisive point. A reclaim would contribute to acceptance over $26.26, which can pave the way to $29. Umair provided that any step beyond that and extended to the test of the higher-period VAH at $34 would demand a more notable change of regime.
Source: X
He pointed out larger weaknesses as well. OTHERS.D has fallen about 6.8%, and it no longer supports the continuation of mid-caps. He remarked that unless the token is able to turn the VAH over, then consolidation will probably continue. This situation enhances the threat of the head and shoulders formation, as a possible neckline will emerge at about $23.
Moreover, another analyst, ZAYK Charts, mentioned that HYPE is testing a tremendous downward trend line. He had noted that a breakout of this trendline will leave the potential 40% on the upside in case the trend is supported by the momentum. A major technical barrier is the trendline at present.
Source: X
Also Read: Hyperliquid Foundation Donates $254,000 in HYPE to ZachXBT
According to the CoinGlass data, the derivatives activity is growing. The trading volume has gone up by 3.49% to $497.46 million, and open interest also increased 2.72% to $1.33 billion. The token OI-Weighted Funding Rate is 0.0082%, indicating a mild long-lean positioning.
Source: CoinGlass
CoinLore data shows that HYPE needs to maintain a balance of $25.85 to ensure short-term stability. The first resistance breakout would be confirmed by a move higher than $28.98. If the token manages to clear this level, it could potentially reach its target, followed by another resistance at $39.87.
If $25.85 fails, the token might drop to $22.09, the next significant support level. Traders continue to monitor this area as a potential reaction point.
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