Hyperliquid (HYPE) Price Prediction: Deflationary Mechanics and Chart Strength Hint at $80 Target

With supply vanishing fast and resistance looking shaky, the HYPE Hyperliquid price is lining up for a major breakout. All signs now point to a Hyperliquid price prediction that could unleash a sharp move toward the $70 to $80 range.

Hyperliquid’s current price is $47.30, up 0.45% in the last 24 hours. Source: Brave New Coin

Hyperliquid’s deflationary design was on full display as the Assistance Fund stepped in with one of its largest buybacks yet, snapping up $4.72 million worth of $HYPE in a single day. According to Tobias Reisner, the average price landed around $47.43, effectively building another layer of support right in that range.

Hyperliquid absorbs $4.72M in daily buybacks, reinforcing support near $47.43 as deflationary mechanics kick in. Source: Tobias Reisner via X

This kind of intervention is a part of a broader economic design. The fund’s continued activity removes supply from circulation, tightening float while price holds firm. If this pace of buybacks continues, it’s likely to tilt the balance further in favor of bulls.

The numbers speak for themselves. In just the past 24 hours, nearly 100K $HYPE was bought back, pushing the weekly total to over half a million and the 30-day figure to 1.47 million. With $23.6 million deployed in buybacks over the past 7 days and a steadily rising average price (from $39.74 to $47.43), the pace is accelerating.

Hyperliquid ramps up deflationary pressure with 1.47M $HYPE bought back in 30 day. Source: Tobias Reisner via X

The Hyperliquid price chart shared by King Mitch has been stuck in a low-volatility ascending triangle pattern as price consolidates between $47.00 and $48.2. Recent buyback activity has absorbed a meaningful chunk of the circulating supply, effectively anchoring price around the supportive levels. What’s missing now is a decisive push to flip resistance, and the buybacks may be setting the stage for just that.

Hyperliquid tightens inside an ascending triangle as buybacks fuel a potential breakout above $48.2. Source: King Mitch via X

Zooming in, this looks like a textbook volatility squeeze. Volume has contracted, ranges are tightening, and each dip is getting bought up faster than the last. If the Assistance Fund continues to remove supplies at this pace, it could be the spark that pushes HYPE through the upper bound. A clean breakout above $48.2 could trigger an upside breakout towards $49.92, followed by $51.50 and $53.00.

While HYPE continues consolidating just below key resistance, its relative strength against other major assets is becoming hard to ignore. New multi-timeframe charts from HYPEconomist show HYPE gaining ground across the board, whether it’s BTC, ETH, SOL, or even XRP. Each chart reveals a similar structure: higher lows, firm momentum, and consistent strength all signaling outperformance in both trending and choppy market conditions.

HYPE shows strong relative performance against BTC, ETH, SOL, and XRP. Source: HYPEconomist via X

This strength across majors reinforces the idea that the recent buybacks and tightening supply are having a broader impact. HYPE isn’t just holding up in USD terms, it’s climbing relative to nearly everything else. These relative strength moves tend to precede breakouts, especially when paired with tight volatility and supply removal.

The latest HYPE chart shared by crypto analyst Corgil points to an increasingly structured bullish setup, with clean support zones forming around previous quarterly opens and monthly key levels. Price action has respected these zones with minimal slippage, suggesting the market is tracking these levels closely. What stands out is the progressive trend with each move up forming a base, consolidating, and then springing higher. The chart outlines a clear trajectory into the $70 to $80 range as the next major test zone.

HYPE forms bullish structure with key levels holding firm, setting sights on the $70–$80 target zone. Source: Corgil via X

From a technical standpoint, the levels marked on this chart align well with the rising trend momentum seen across multiple timeframes. As price holds above key levels like the monthly reclaim and prior highs, the setup shows readiness for continuation.

Hyperliquid is shaping up to be one of the most structurally sound charts in the market right now, and it’s not just the technicals doing the talking. With buybacks accelerating, supply tightening, and strength holding across major pairs, the setup looks increasingly primed for expansion. A breakout above $48.2 could open the gates to a rally towards $70 and possibly even the $80 mark.