Hyperliquid (HYPE) Signals Accumulation as Bulls Prepare for Potential Rally

HYPE shows signs of accumulation ahead of a potential rally on Friday, February 13. According to the crypto analyst Crypto Pulse, after a strong bullish surge, the token is consolidating, giving traders time to take profits and reposition.

Crypto Pulse highlights that such pauses are healthy, often setting the stage for the next upward move. The daily trend remains bullish, keeping market optimism intact.

Source: Crypto Pulse X Post

Key support lies in the $22–$24 order block. This high-interest demand zone could attract buyers if a pullback occurs, potentially fueling another leg higher. Traders are closely watching this range as a strategic entry point.

Sustained accumulation near critical support suggests HYPE may be gearing up for further gains, though cautious risk management remains essential amid volatility.

Also Read: Hyperliquid (HYPE) Holds $29 Support, Eyes Breakout

HYPE Technical Outlook Points to Upward Momentum

According to TradingView, as of Friday, February 13, HYPE on the 4-hour chart, after a strong run from the low 20s up to the mid-30s, followed by a digestion phase and a pullback, shows upward potential.

The volatility has been high during the run-up, and the price has been making lower highs and trading sideways.

The recent candles suggest that the price is finding support around the middle Bollinger Band, which may be a sign that the momentum is slowing down and a base is being formed.

Source: TradingView

The price is holding around the short-term EMAs, indicating a neutral bias. The long-term EMAs are still holding below the price to keep the bigger picture bullish.

This is a common setup for a possible move from a trend to a range. Resistance is around the recent highs in the low 30s. Support is around the high 20s. A possible move could be set up in the next few sessions.

Momentum Indicators Show Increasing Bullish Strength

Looking at the momentum indicators, the RSI is at 57.90, still far from the 70 line that marks the overbought territory. It indicates a moderately bullish pace with further upward potential.

The latest advance after the bounce at 50 indicates increasing buying power after the consolidation period. The yellow line at 49.10 marks the average RSI, indicating the uptrend from weaker levels.

Source: TradingView

The MACD is indicating bullish momentum. The MACD line is at 0.28361 and has moved above the signal line, which is at 0.06802. The histogram is positive, indicating rising upward strength.

Moving away from a prolonged bearish phase, this indicates continuous growth in momentum. Both indicators are indicating buying activity, but the market is not yet in an extreme condition.

Also Read: Hyperliquid (HYPE) Eyes $38 Breakout Amid Short-Term Consolidation