Hyperliquid (HYPE) Price Prediction: Tightening Supply Could Fuel a Massive Breakout Towards $100

HYPE Hyperliquid price is holding its ground despite a slight dip to $39.30, down 3.63% on the day, following a sharp recovery from the $34 level earlier this week.

Market participants are eyeing a potential breakout, as HYPE’s price action continues to display resilience, especially in comparison to other altcoins struggling during the recent dip.

Hyperliquid (HYPE) is trading at $39.30, down 3.63% on the day but still holding strong after a sharp recovery from the $34 zone earlier this week. Despite the dip, the asset boasts a $13.15 billion market cap and sits at rank 13 by size, with over $257 million in daily volume, indicating participants are still actively positioning.

From a technical perspective, the recent bounce followed a classic V-shape reversal off short-term support, but the move is now stalling near resistance. Momentum appears to be cooling, and volume has dipped slightly from peak levels. If price can maintain support above the $37.80 to $38.20 region, bulls may attempt another breakout toward $42. But if that level fails, a retest of the $36.50 zone becomes likely. RSI is mid-range, suggesting there’s still room for either direction depending on market sentiment.

While most assets struggled during the recent market dip, Hyperliquid has shown notable resilience. As pointed out by analyst x256xx, HYPE maintained a strong structure against majors like SUI and SOL, clearly outperforming in relative strength.

On the HYPE/SUI chart, the pair is riding an aggressive uptrend with RSI still hovering above the midline, with no sign of breakdown. The HYPE/SOL pair mirrors this, pushing into new highs with momentum intact despite the broader market hesitation.

HYPE outperforms major altcoins like SUI and SOL. Source: x256xx via X

Even on the USD pair, HYPE continues to show strong price action. It’s consolidating just below local highs after reclaiming the $38–$39 zone and avoiding a deeper pullback. On all fronts, price structure, volume, and RSI, HYPE stands out as one of the few altcoins refusing to give up ground right now.

Hyperliquid’s price strength might not just be about charts. As analyst Henrik points out, HYPE is running low on ready-for-sale supply, and the market’s starting to catch on. The Hyperliquid Assistance Fund has already snapped up over 25 million HYPE from the open market, worth around $1 billion, which is putting even more pressure on the available supply.

HYPE’s supply drops below 100 million, tightening liquidity and setting the stage for a potential breakout above $42. Source: Henrik via X

Right now, the number of tokens up for grabs has dropped below 100 million, a sharp drop from just a few weeks ago. That kind of supply crunch changes the game. With less liquidity and growing demand, every support retest matters more. The $37.80 to $38.20 zone is still the level to watch, but if supply keeps drying up like this, a breakout past $42 could come in fast.

HYPE’s structure has stayed remarkably intact even after the recent pullback, and now HoudiniCapital is zoning in on a key breaker block that’s been acting as short-term support. As seen in the chart shared, the price is hovering just above this zone, forming a well-defined base that’s quietly drawing attention.

HYPE maintains a solid structure above the $38–$39 range, with potential to move toward $45. Source: HoudiniCapital via X

As long as HYPE holds above this breaker region around the $38 to $39 range, the bias remains constructive. If momentum picks up and the current supply dynamics persist, the Hyperliquid price prediction leans toward a move up to around the $45 mark, just beneath recent all-time highs.

While the broader market remains cautious, some are already floating bigger targets for Hyperliquid. Analyst ryandcrypto shared a chart projecting a clean continuation structure, with a long-term Hyperliquid price prediction eyeing the $100 mark.

HYPE eyes a potential $100 target. Source: ryandcrypto via X

The roadmap suggests that if HYPE maintains its current trend and continues holding above the $38 to $39 support, the $45 zone could be a mid-stage milestone on the way to a potential triple-digit breakout.

Hyperliquid continues to impress with its strong technical structure, backed by a growing supply squeeze. Despite recent fluctuations, HYPE’s price action has demonstrated resilience, and with the supply crunch tightening further, the likelihood of a significant breakout looms larger. Analysts are already eyeing the $45 level as a potential milestone before setting their sights on the ambitious $100 target. As long as HYPE holds key support levels, the price could very well be on track for a dramatic surge.