Hyperliquid (HYPE) Price Prediction: Fundamentals Remain Strong But Technicals Signal Dip Toward $36

In the last 30 days, Hyperliquid pulled in $64.8 million in revenue, beating out major protocols like Tron and Ethereum. This strong performance shows real user activity and demand. Unlike most projects, Hyperliquid uses 97% of its revenue to buy back $HYPE tokens, directly benefiting holders and setting it apart from others.

Hyperliquid is showing up with real numbers. In the past 30 days, it pulled in a massive $64.8 million in revenue, beating out names like Tron, Ethereum, and every other protocol on the list. As analyst Holosas pointed out, Hyperliquid isn’t just leading, it’s dominating. That kind of consistent income speaks volumes about real user activity and growing demand.

Hyperliquid tops crypto revenue charts with $64.8M in 30 days. Source: Holosas via X

Unlike most protocols, 97% of Hyperliquid’s revenue goes straight into buying back $HYPE. That’s a rare model of capital efficiency, turning protocol growth directly into holder value.

Even after $HYPE pushed to $44, the unstaking activity on Hyperliquid has stayed unusually quiet. According to MetamateDaz, there’s been no major rush for the exit, just steady hands and quiet conviction. In a market that often reacts to every uptick, this kind of calm during a price surge stands out.

Hyperliquid holders stay calm and steady as $HYPE hits $44, showing strong conviction amid record $64.8M revenue. Source: MetamateDaz via X

It also reinforces the bullish story, after Hyperliquid posted a record-setting $64.8M in revenue and committed 97% of it to buybacks, the foundation looks solid. If low-conviction holders are already tapped out and long-term players are staying put, this puts HYPE in a good spot.

Onchains and technicals are offering a diverse picture for HYPE right now. While recent data has shown impressive fundamentals, $64.8M in protocol revenue, and minimal unstaking activity, the technical setup is flashing early signs of weakness. Analyst Sarjana Crypto highlights a bearish divergence on the chart, where momentum indicators like RSI are declining even as the price pushed to $44. That kind of mismatch can often signal a short-term top forming.

On-chain strength shows $64.8M revenue, but technicals warn of a possible pullback to $36 or $30 as bearish divergence appears. Source: Sarjana Crypto via X

From a structural view, Sarjana suggests a possible sweep of the Fair Value Gaps with downside targets near $36 and $30. These zones mark previous areas of high trading interest and would act as natural levels for a reset if a pullback unfolds. It doesn’t mean the broader bullish thesis is broken, but it does suggest that $HYPE may need to cool off before any sustainable move higher.

After a powerful move to $44, $HYPE is flashing signs of short-term fatigue. The latest 4H chart shows a strong rejection at the highs, followed by back-to-back bearish candles and a clear loss of upward momentum. Price is now hovering near key support around $41, and if this level gives way, the next areas of interest sit near $36 and $30.

After reaching $44, $HYPE shows signs of short-term fatigue with support near $41; a pullback to $36 or $30 may follow. Source: Gerlaenco via X

Crypto analyst, Gerlaenco, believes this cooling phase isn’t surprising considering the recent vertical run. While Hyperliquid’s on-chain strength remains impressive, gathering in $64.8M in revenue and channeling 97% into buybacks, the technicals are now hinting at a possible retrace.

Sentiment around $HYPE remains electric, while LootbaseX jokes that “every day HYPE is worth $1 more.” This kind of social momentum reflects the broader enthusiasm among holders who’ve watched $HYPE defy most cooldown expectations. Despite flashing some technical warnings, HYPE community isn’t backing down.

$HYPE community stays strong and optimistic despite technical warnings. Source: LootbaseX via X

Even if HYPE sees a technical pullback to fill liquidity gaps near $36 or even $30, that dip may end up being a major chance as fundamentals haven’t changed. If momentum remains strong, the recovery is likely to be as sharp.

Hyperliquid’s approach of using nearly all its revenue to buy back $HYPE sets it apart from most crypto projects. This model helps reduce the token supply steadily, which supports its value over time. Despite the recent price jump, holders are staying steady instead of rushing to sell, showing real confidence.

At the same time, technical signals suggest a possible short-term pullback near $36 or $30, which could give the market a chance to reset. But with strong on-chain revenue and low unstaking activity, the overall outlook remains solid and even if HYPE cool’s off, the recovery is expected to be immediate.