Analyst Predicts Hyperliquid $HYPE Breakout Toward $55 After Key Retest

HYPE retests $50 resistance, a key level after July and August rejections, with upside targets set at $55–60.

Technicals show RSI at 61.22 and MACD bullish crossover, supporting potential continuation of Hyperliquid’s uptrend.

Immediate support is at $44, with deeper backing at $38, if the breakout above $50 fails to hold.

Hyperliquid’s $HYPE token is trading near the resistance zone, with analysts monitoring the $50 level for a potential breakout. According to analyst Ali, a clear move beyond this level could propel the token toward $55 in the near term

The level has already acted as a double top in mid July and mid August, where price rejections took place. This repeated rejection shows the importance of $50 as a key level for buyers and sellers.

Resistance and Support Levels

The market is currently retesting the $50 resistance zone, which analysts consider key for the next directional move. Immediate support is at $44, with a stronger floor near $38 if selling pressure intensifies

Hyperliquid 4-hour price chart, Source: Ali on X

On the upside, resistance is at $52, followed by $56, and ultimately $62–64. The chart indicates a possible bullish path where price consolidates above $50, retests the level as support, and extends toward $52–54. A failed attempt, however, could pull the token back toward $46 or $44.

Price Trend and Technical Indicators

Since April, Hyperliquid has sustained a broad uptrend, recovering sharply from lows near $15–20 to recent highs above $50. The retest at $50 aligns with the multi week range top observed earlier this summer

HYPE/USDT 1-day price chart, Source: TradingView

Volume has strengthened alongside the latest move, at 174.19K, which shows strong buying activity. Sustained activity is vital for confirming any breakout attempt. Momentum indicators also support the bullish setup

The RSI has risen to 61.22, advancing from the mid 50s, while staying below overbought level. The MACD line has crossed above the signal line, with a positive histogram forming. This crossover points to strengthening upward momentum, further supporting the breakout potential.

Market Outlook in the Near Term

Analyst Ali notes that a decisive close above $50 would potentially lead to a rally toward $55–60. However, failure to clear resistance could result in a short term pullback, with support between $47–48 and $44. The market outlook is at a key point, with the next sessions likely defining the short term movement of Hyperliquid.

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