Hyperliquid (HYPE) Price Prediction: Revenue Spike Fuels Bullish Momentum as Traders Target $70 Breakout

Hyperliquid has been grinding higher despite pockets of selling, with revenue now topping $4 million in a single day. This steady growth is giving participants confidence that dips may just be healthy pauses rather than signs of weakness.

HYPE started the week strong, but momentum is now showing signs of cooling, with price action hinting at a potential correction. The $52 to $53 breakout zone has so far acted as support, though the structure suggests that if selling pressure picks up, a dip toward the $50 level could come into play. This area is a logical retest zone, lining up with prior consolidation and acting as a pivot point for the broader trend.

Hyperliquid holds steady above its $52 breakout zone, with analysts eyeing $65–$70 as the next upside targets. Source: Nehal via X

According to Nehal, such a correction would not necessarily break the bullish structure, as holding $50 would still keep the higher-low sequence intact. Outlook highlights that if buyers absorb any dip into this zone, the setup remains favorable for a rebound, with the next targets still sitting towards $65 to $70.

HYPE’s chart continues to respect its long-running ascending trendline, with price recently stalling near resistance. The structure shows a very short-term dip into this trendline, reflecting the natural pullback before continuation attempts. Despite this pause, higher highs and steady support retests keep the broader setup constructive, suggesting that the pullback is more of a reset than a reversal.

Hyperliquid is showing a classic trendline retest, with Jesse Peralta suggesting the dip could be the launchpad for a breakout towards the $70 zone. Source: Jesse Peralta via X

Jesse Peralta notes that this minor dip could act as the springboard for the next leg higher, framing a bullish Hyperliquid Price Prediction with $70 as the next target. The breakout beyond trendline resistance would confirm fresh momentum, leaving limited supply above until the $68 to $70 zone.

Even as large sellers continue to test the market, HYPE has shown resilience by grinding steadily higher. Price has held key breakout levels despite pressure, underlining how the broader structure remains intact. This steady climb, rather than explosive moves, suggests organic demand, reinforcing the idea that dips are being absorbed.

Hyperliquid continues to climb steadily as smart money accumulation offsets selling pressure, reinforcing the bullish outlook ahead. Source: NMTD8 via X

Analyst NMTD8 highlights that smarter money is recognizing Hyperliquid’s undervaluation, adding weight to the case for sustained strength. This ties back to the earlier setups from Nehal and Jesse Peralta, showing how short-term dips and trendline retests are being met with consistent buying interest. If this smart money accumulation continues, it strengthens the broader Hyperliquid Price Prediction narrative.

Adding to the strong technical backdrop, Hyperliquid’s fundamentals are also flashing strength. Fresh data from Degen News shows that the platform’s 24-hour revenue has reached its highest level this month, crossing the $4 million mark. This steady uptick in daily income reflects consistent trading activity and demand for the protocol, further reinforcing the resilience already seen on the charts despite recent selling pressure.

Hyperliquid’s daily revenue hits a monthly high above $4M, adding fundamental support to its bullish price outlook. Source: Degen News via X

This kind of fundamental strength will likely play an important role in keeping HYPE’s broader outlook bullish. Sustained revenue growth provides a cushion of stability that can help absorb periods of volatility, giving participants confidence to hold through dips. With both technical momentum and on-chain earnings now aligning, the setup strengthens the Hyperliquid Price Prediction.

Hyperliquid has managed to hold firm through waves of selling pressure, and that consistency is what makes its current setup so interesting. With price action still respecting higher-low structures and fundamentals like daily revenue hitting fresh highs, the narrative stays constructive. Even if short-term dips appear, the broader picture suggests HYPE is building the kind of steady momentum that often fuels larger breakouts later in the cycle.

Hyperliquid’s current price is $56.15, down 4.20% in the last 24 hours. Source: Brave New Coin

Heading into Q4, the real question is whether buyers can maintain this discipline and push past the $65 to $70 resistance cluster. If that happens, it could set the stage for a more extended rally, keeping Hyperliquid on the radar of both retail and institutional players.