Hyperliquid (HYPE) Price Climbs Steadily, Though Bullish Momentum Starts to Wane

Key Takeaways

• HYPE broke out from a falling wedge structure.
• Price faces resistance near the 0.618 Fib at $19.88.
• A pullback to $15–$14 would form a healthy structure.

Hyperliquid (HYPE) has recently completed a corrective W-X-Y pattern, breaking out of a descending wedge formation with strong upward momentum.

As the price tests the 0.618 Fibonacci retracement level of the prior downtrend, traders are closely watching for trend continuation or reversal signals.

The charts show long-term recovery potential and short-term corrective risks, especially as momentum slows near critical resistance.

HYPE Price Analysis

HYPE underwent a prolonged W-X-Y correction after completing a five-wave impulse toward $35.

The final Y wave appears to have ended near $9.40 on April 7, aligning closely with the 1.0 Fib extension.

A descending wedge structure developed during this corrective phase and was broken to the upside earlier this month, signaling a potential macro bottom.

The price now consolidates around $18.28, just below the 0.618 Fib retracement level at $19.88.

This resistance zone also corresponds with previous structural support from the late 2024 rally, now a key barrier.

A clear break above this could signal continuation toward the $22.80 and $25.72 Fib levels.

The Relative Strength Index (RSI) is trending in neutral-to-bullish territory without being overbought, suggesting the rally could extend further.

However, this area remains vulnerable to selling pressure unless confirmed by volume and bullish follow-through.

Overall, the breakout and structure suggest a reversal is underway, but a corrective pullback would be healthy to maintain long-term bullish structure.

HYPE Price Prediction

On the lower time frame, HYPE has completed a five-wave impulsive move off the bottom (i-v), with the fifth wave peaking just under $19.88.

The chart now suggests the beginning of an A-B-C corrective move, which may retrace toward the $15.73–$14 support zone (coinciding with the 0.786 Fib level and prior demand zone).

Wave (a) of the correction may be forming soon, with wave (b) expected to produce a lower high before wave (c) finalizes the structure.

The green shaded region marks a likely support target, and a bounce from this area would maintain a bullish structure and offer a potential entry for continuation trades.

A deeper correction below $14 would invalidate the current bullish count and open the door to retesting $12 or even $10.44 (1.0 Fib level).

However, this scenario is less likely unless macro sentiment turns risk-off.

Traders should monitor the $18.30–$19.80 zone for rejection and the $15.73 area for a rebound.

Continuation toward $22+ will require a clean invalidation of the A-B-C pattern and a higher low on the next impulse.

Key Levels to Watch

• Major Support: $15.73 (0.786 Fib), $14.00 (historical demand), $10.44 (Fib extension).
• Immediate Resistance: $19.88 (0.618 Fib), $22.80 (0.5 Fib), $25.72 (0.382 Fib).
• Breakout Confirmation: Close above $20 with strong volume.
• Invalidation Level: Drop below $14.00 would challenge bullish structure.
• Fractal Watch Zone: $22.80–$29.33 if higher low confirms and impulse resumes.