Hyperliquid (HYPE) Price Prediction: RSI Reset and Strong Support Point to $60–$70 Target

Hyperliquid has been sitting right at the edge of a breakout, with price action repeatedly pressing against the $50 to $52 ceiling. Market watchers see this level as more than just another resistance; it’s the gateway to price discovery, where new highs could quickly come into play.

Hyperliquid’s current price is $48.66, up 3.96% in the last 24 hours. Source: Brave New Coin

HYPE is pressing against a well-tested resistance zone, with price once again retesting the $50 to $52 ceiling. Greeny’s daily chart shows an ascending triangle forming, where the price is challenging the horizontal top for a breakout.

HYPE continues to test the $50–$52 ceiling as an ascending triangle pattern builds momentum. Source: Greeny via X

Each retest of this resistance has come with stronger participation, and the rising base suggests that buyers are gradually going to achieve the breakout.

If HYPE manages a clean breakout above this range, it opens the door for a potential new all-time high. Until then, the consolidation within the triangle keeps the market balanced but tilted in favor of the bulls. As long as price holds the trendline support near $44 to $45, the structure remains intact.

Fresh on-chain data from munchPRMR shows that Hyperliquid’s absorption ratio has been trending lower while price continues to climb steadily. A declining absorption ratio typically indicates that less sell pressure is being absorbed by bids, leaving room for price to move higher with greater ease. At the same time, the chart highlights consistent buy support, reinforcing the idea that momentum remains with the bulls despite periodic attempts by sellers to cap the advance.

Hyperliquid’s absorption ratio trends lower as steady buy support fuels momentum toward the $50–$52 breakout zone. Source: munchPRMR via X

If the absorption ratio continues its downward path while price maintains its higher structure, it increases the probability of Hyperliquid clearing its ceiling in the $50 to $52 zone.

The weekly chart shows Hyperliquid holding its ground above the crucial $42 support, an area that has acted as a firm base throughout the recent consolidation phase. This stability is paired with a full reset in the weekly RSI, which is now starting to climb again. A reset like this often signals that the market has cleared out excess momentum and is primed for another move higher.

Hyperliquid holds firm above $42 support as weekly RSI resets and USDH buybacks fuel fresh bullish momentum. Source: gum via X

The fundamental trigger to this bullish case is the announced allocation of 95% of USDH’s revenue toward HYPE buybacks. This creates a fresh demand-side catalyst that the market will need to price in. If the RSI recovery continues alongside steady buyback activity, the conditions align for a bullish HYPE Price Prediction.

The clean structure on Hyperliquid’s chart makes a strong case for continuation, with price consolidating right beneath the $52 resistance band. This ceiling has been tested multiple times, and the consistent ability to stay within striking distance shows that buyers are steadily absorbing supply. Crypto analyst Crypto Mechanic believes that as long as the $46 to $47 support region remains intact, the current structure suggests the market is preparing to extend beyond its prior peak.

Hyperliquid consolidates under $52 resistance as buybacks and rising participation signal a push toward $60–$70. Source: Crypto Mechanic via X

With market participation growing and recent catalysts like USDH revenue buybacks reinforcing demand, HYPE Price Prediction looks ready to challenge its all-time high. A confirmed breakout above $52 would likely open room for price discovery targeting $60 to $70 levels.

Breaking through the $50 to $52 zone would mark a defining moment for Hyperliquid, as it would confirm buyers’ strength and open the doors to price discovery. With strong buyback mechanics, steady demand, and on-chain indicators aligning, the setup suggests that this move is more than just a short-term rally. Instead, it looks like a foundation being built for the next leg higher.

• Holding the $46–$47 support keeps the bullish case intact

• Continued USDH buybacks can add steady demand pressure

• RSI recovery aligning with stronger volume signals upside momentum

If these conditions fall into place, the breakout could quickly evolve into Hyperliquid’s push toward new highs.