Hyperliquid (HYPE) Price Prediction: High Open Interest & Liquidation Heatmap Signal Possible Dip

Technicals are quietly flashing caution around HYPE Hyperliquid price. While price holds near its $35 all-time high, indicators suggest a possible dip before the next move. Still, fundamentals are gaining strength: open interest is nearing $1B, value is flowing in, and the HyperEVM launch is adding momentum. A pullback toward $30 may come first, but signs are pointing to a larger breakout ahead after the dip.

HYPE’s recent activities are keeping interest around it alive. It is consolidating tightly around its previous all-time high of $35. But this isn’t just sideways price action; it’s happening while the project’s fundamentals are quietly stacking up. Since that last peak, revenues have surged over 500%, and more than 24 million HYPE tokens have been taken off the market. That kind of supply shock doesn’t go unnoticed, especially when paired with growing spot exposure and an expanding ecosystem.

HYPE consolidates near $35 ATH as revenues surge 500% and HyperEVM boosts ecosystem growth. Source: NMTD8 via X

Analyst NMTD8 notes that the biggest development remains the HyperEVM, which has gone live and is already making a name for itself as one of the top EVM chains. With more liquidity flowing through Hyperunit and stronger infrastructure now in place, HYPE Hyperliquid price is starting to look discounted.

While most eyes are on price charts, HYPE just quietly climbed into the top 5 tokens by TVL staking, overtaking Cardano. With over $15.5B in value locked, HYPE is now sending a strong message that capital is not just flowing into its token, but sticking around.

HYPE consolidates near its $35 all-time high as fundamentals strengthen, with revenues up 500% and HyperEVM gaining traction. Source: Hyperliquid News via X

This shift in TVL rankings reflects a deeper restructuring. Hyperliquid is locking value, growing its user base, and getting noticed among majors like Solana, Ethereum, and BNB.

In a latest post from Swarmik shows that open interest on HYPE perpetuals just touched $953M. The sharp rise in OI suggests a wave of fresh capital is entering the market, likely fueled by retail and institutions positioning for continuation above HYPE’s $35 zone.

HYPE breaks into the top 5 TVL tokens. Source: Swarmik via X

But with such high open interest, the risk of a flush event also increases. This requires caution ahead as if price stumbles or if a major player decides to take profit, HYPE Hyperiquid price could see a wave of profit-taking.

PikaCrypto’s latest chart adds another layer of caution. The chart hints at a possible short-term dip back into the $25 to $30 support zone before HYPE makes a clean shot at $37 and beyond. It’s the kind of move that flushes out weak hands and reloads momentum with stronger conviction.

HYPE’s price may dip to $25–$30 support before rallying past $37. Source: PikaCrypto via X

Given the nearly $1B in open interest, this retest and then rally scenario makes sense. Fresh buyers are clearly stepping in, and sentiment is leaning bullish. But with so many positions stacked in the system, even a small pullback could trigger a wave of liquidations or profit-taking. Volatility ahead seems almost certain, but if $30 to $25 support holds, it can be a launchpad for bullish Hyperliquid Price Prediction.

The HYPEconomist’s latest HYPE Liquidation Heatmap is turning heads. The analyst highlights a dense liquidity pocket around $30, suggesting that the price might dip to that level before potentially climbing to $50, especially after HYPE’s recent consolidation above its $35 all-time high.

HYPE Liquidation Heatmap points to a strong liquidity zone near $30, hinting at a dip before a potential rally to $50. Source: HYPEconomist via X

With $1B in open interest adding to the market tension, the heatmap is painting a clearer picture and offering valuable insights for the HYPE community.

Hyperliquid’s setup right now is a mix of opportunity and caution. On one hand, the token shows strong signs of growing value and real ecosystem progress. With fundamentals improving, TVL climbing, and nearly $1B in open interest, the case for a breakout is solid. But with so much capital in play, the market could see some short-term volatility, a dip to $30 might be needed to clear out weaker hands before the next big push.