Hyperliquid (HYPE) Price Prediction: $4M Whale Buy Fuels Breakout Hopes Toward New Highs

Hyperliquid just caught a massive wave of attention. A major whale wallet suddenly came to life, deploying $4 million in USDC to buy HYPE. This kind of all-in move is raising eyebrows and sparking fresh speculation that something big could be brewing behind the scenes.

Hyperliquid’s current price is $34.58, down -2.77% in the last 24 hours. Source: Brave New Coin

In a rare move that’s turning heads across the crypto space, a major whale wallet has come back to life after two years of silence. The wallet activity, tracked via Nansen, shows that this wallet used $4 million USDC to purchase HyperLiquid. Within just 48 hours, the whale scooped up 110,663 HYPE tokens for $3.98 million, paying an average of $36 per token.

A dormant whale returns, deploying $4M USDC to buy HYPE. Source: OnchainLens via X.

OnchainLens recent post shows that 100% of the $4 million was used to buy HYPE, with no signs of diversification or hedging. That kind of all-in move signals clear intent and confidence in the project. These kinds of moves often speak louder than hype: smart money often moves for a reason.

It’s not just one whale making noise; accumulation behavior across the board is starting to show up. This recent chart from Enguin shows a swarm of buy-side activity tightly clustered below the $34 mark. Every green “B” is a recorded buy as it was aggressively accumulated during the dips.

HYPE sees clustered buy-side activity below $34, signaling stealth accumulation. Source: Enguin via X

The price action may still be rangebound, but the volume footprint is telling another story. Technically, this looks like classic stealth accumulation. Buyers are stepping in just before the price starts curling upward, a pattern that often precedes a larger breakout. If support holds near $30.00 and the accumulation zone tightens, HYPE could be in for a breakout.

Following a $3.98M whale buy and growing signs of broader accumulation, price action is now starting to reflect that positivity. According to this projection from Panamke1, HYPE could be gearing up for a healthy cooldown before its next big move. The chart outlines a potential short-term consolidation zone between the $34 to $30 levels.

HYPE forms a consolidation base between $34 and $30, setting the stage for a potential move to new all-time highs. Source: Panamke1 via X

Technically, the 4H chart structure is holding up well. After its vertical push, HYPE seems to be forming a classic base, prepping for the next impulse. If bulls continue defending the $34–$30 range, Hyperliquid can then favor a breakout toward new all-time highs.

While much of the spotlight is on accumulation, this fresh take from crypto analyst Justpit5 zooms into a tighter resistance play forming right around $36. The chart highlights how HYPE is currently knocking on a critical resistance zone. A clean flip and hold above this level could unlock a move toward the $39.5–$40 range, a level that aligns with recent local highs.

HYPE eyes breakout above $36 resistance, with potential targets near $40. Source: Justpit5 via X

Justpit outlines a cautious roadmap for HYPE as well. If $34.3 gives way, there’s room for a healthy retest near $32.6, a level that’s acted as both resistance and support in the past. That zone could serve as a springboard for patient buyers looking for better risk-to-reward entries.

Despite a struggling broader crypto market, HYPE stood its ground. Over the same period that Solana dropped -7.2%, ETH fell -4.0%, and BTC slipped -3.2%, HYPE still managed to hold onto a positive +1.2%.

HYPE holds firm with +1.2% gains while major tokens like SOL, ETH, and BTC face declines. Source: ahwesq via X

Analyst ahwesq highlights that this kind of relative strength during a market-wide pullback shows that when conditions flip and sentiment recovers, this could be one of the names leading the charge out of the dip.

It’s hard to ignore what’s building around HYPE. The timing $3.98M whale buy, the clear accumulation below $34, and the token’s ability to hold firm while the rest of the market bleeds separates Hyperliquid from others.

They look like calculated steps in a longer-term play. If price manages to hold the $30 level and buyers continue stepping in, HYPE Hyperliquid price could push into price discovery sooner than most expect.