Hyperliquid (HYPE) Price Prediction: Breakout Structure Eyes $50–$56 After Strong Support Hold at $35.65

After climbing to fresh highs, Hyperliquid is now drawing attention across the DeFi space with a record-breaking surge in Total Value Locked (TVL). This milestone comes alongside a decisive defense of the $35.65 support level, a zone that’s becoming the battleground between short-term profit-takers and long-term believers.

Hyperliquid’s current price is $45.94, up 4.59% in the last 24 hours. Source: Brave New Coin

Hyperliquid has reached a new all-time high in Total Value Locked (TVL), marking a steady and consistent climb since early 2025. The latest on-chain data from DeFiLlama shared by Param shows a strong uptrend in locked capital, suggesting not just increased participation from existing users but also growing appeal to new entrants. A higher TVL often signals deeper liquidity, improved stability, and greater confidence from participants.

Hyperliquid’s TVL reaches a new all-time high. Source: Param via X

This rise in TVL comes as HYPE continues to gain traction in the competitive DeFi landscape, where trust and user retention are key drivers of expansion. If this momentum holds, the platform’s growing user base could reinforce liquidity depth and attract further capital inflows, which would largely benefit HYPE’s price action.

Following its surge to new highs, Hyperliquid is now consolidating above the crucial $35.65 support, a level that has become a key battleground for bulls. As long as price action holds this area, the broader bullish structure remains intact, with the recent breakout still showing follow-through potential. The chart reflects a healthy post-rally pause, where maintaining higher lows is essential for keeping momentum on the side of buyers.

Hyperliquid holds firm above the $35.65 support, signaling strong buyer defense and keeping the bullish breakout structure intact. Source: Crypto Tony via X

From a technical perspective, $35.65 serves as both a psychological and structural pivot, marking the upper boundary of previous highs. Sustained strength above this point suggests that HYPE participants are willing to defend gains rather than locking in profits, increasing the probability of another leg higher.

Hyperliquid has just moved into the “Leading” quadrant on the rotation map for the first time in a month, signaling a shift in relative strength compared to other major assets. This positioning indicates that HYPE is now outperforming peers not only in price momentum but also in underlying trend stability.

Hyperliquid enters the “Leading” quadrant, reflecting outperformance in both price momentum and trend stability. Source: Tobais Reisner via X

The move aligns with HYPE’s recent technical resilience above $35.65, suggesting that both trend and sentiment remain in favor of bulls. As long as it maintains this leadership position, HYPE may continue to attract interest from participants seeking stronger performers in the current market cycle.

Building on its strong market position, Hyperliquid is now tracking a bullish fractal that dates back to early July, with analyst DefiDaddy noting a clear breakout structure. The 12-hour chart shows price pushing above prior consolidation zones, with $44.50 acting as a current pivot and $50 emerging as the next notable target. This setup follows a sequence of higher highs and higher lows, suggesting that the broader trend remains intact.

Hyperliquid’s bullish breakout eyes $50 next. Source: DefiDaddy via X

The path toward $50 is reinforced by the break of a descending trendline that previously capped upside attempts. As long as HYPE holds above its recent breakout level, the probability of testing and potentially surpassing the $50 zone remains high. This aligns well with the recent rotation map strength and the sustained defense of $35.65, showing that buyers remain in control of the market’s direction.

With record-breaking TVL, steady support at $35.65, and a clear shift into the market’s “Leading” quadrant, Hyperliquid is showing the kind of resilience that can carry momentum into the next leg higher. If price can clear the $50 mark with conviction, the path towards $56 becomes increasingly probable, supported by bullish fractals and trendline breaks already in play.