Hyperliquid price confirms market structure break: Macro bottom forming?

Hyperliquid price has rallied sharply from the $22 swing low, breaking bearish structure and reclaiming key levels, putting a potential macro bottom in focus if demand and volume continue to build.

Hyperliquid (HYPE) price action has shifted meaningfully over recent sessions, marking a potential turning point after an extended period of downside pressure.

Following months of consecutive lower lows and lower highs, the market has produced a technically significant bullish response from a major support zone. This reaction has altered the broader structure and raised the question of whether Hyperliquid is in the early stages of forming a macro bottom.

The catalyst for this shift came after price swept the $22 region, a key support level where a swing failure pattern emerged. That failure to sustain acceptance below support triggered an impulsive upside expansion, suggesting seller exhaustion and renewed buyer interest.

Since then, Hyperliquid transitioned from a purely bearish framework into a developing recovery phase that now requires confirmation.

Hyperliquid price key technical points

• Swing failure at $22 sparks bullish expansion: Price rejected lower levels and reversed aggressively.
• Market structure shifts from bearish to neutral-bullish: A new high has formed after months of lower highs.
• Volume confirmation remains critical: Sustained bullish demand is needed to validate continuation.

From a market structure perspective, Hyperliquid has delivered its first meaningful change in character in months. The impulsive move higher following the $22 swing low broke the prior sequence of lower highs, establishing a new local high. This alone does not complete a full trend reversal, but it does confirm a market structure break, a necessary prerequisite for any sustained upside continuation.

Price expanded toward the point of control, the level where the highest volume has historically traded. This move reflects a re-engagement with fair value after an extended period of imbalance to the downside.

However, price has since experienced a modest $1 rejection in this region, highlighting that supply remains active and that buyers must now demonstrate commitment.

This rejection does not invalidate the bullish thesis. Instead, it emphasizes the importance of the current consolidation zone. For the structure to fully flip bullish, Hyperliquid must now establish a higher low above the $22 base, confirming that buyers are defending higher prices rather than allowing another deep rotation.

Role of volume and demand

Volume behavior will play a decisive role in determining whether this move develops into a sustained trend or fades into a corrective rally. The initial impulse from $22 showed strong bullish participation, signaling genuine demand rather than a low-liquidity bounce. For continuation toward higher resistance levels, these bullish volume influxes must persist.

If volume contracts significantly while price consolidates, the rally risks losing momentum and reverting to lower-value areas. Conversely, expanding volume during higher-low formation would confirm accumulation behavior and strengthen the case for further upside exploration.

This dynamic is particularly important when prices trade near equilibrium zones. Markets transitioning from bearish to bullish phases often stall around value before resolving higher. Volume is the key differentiator between accumulation and distribution at these levels.

Upside targets and resistance zones

Should Hyperliquid successfully form a higher low and reclaim acceptance above the point of control, attention will shift toward higher time-frame resistance zones. The value area high represents the first major upside objective, acting as a gateway back into premium pricing.

Beyond that, the $58 resistance stands out as a critical high-timeframe level. This region previously acted as a major supply zone and would likely require sustained momentum and strong volume to overcome. A move toward these levels would confirm that the market structure break is evolving into a broader bullish trend rather than remaining a short-term corrective move.

What to expect in the coming price action

From a technical, price-action, and market-structure perspective, Hyperliquid is at a pivotal stage. The bullish rally from $22 has confirmed a new high and broken the prior bearish structure. However, full confirmation requires a higher low supported by continued bullish volume.

If demand remains and buyers defend current levels, the probability increases of a rotation toward the value-area high and eventually the $58 resistance. Failure to hold higher lows or a clear drop in volume would weaken the bullish case and risk a return to range-bound or corrective behavior.

For now, Hyperliquid’s price action suggests that a macro bottom may be forming, but confirmation will depend on how the market behaves during this consolidation phase.