The crypto markets are trying to recover from the recent bearish action, with the Bitcoin price marking weekly lows below $108,000. In the times when Bitcoin & Ethereum are displaying some stability, a few altcoins are ready to explode. One among them is Hyperliquid, which has recovered most of the losses incurred since the start of the month. The HYPE price is testing one of the crucial resistances and may form a new ATH if it triggers a breakout above this range.
In times when the broader market conditions are volatile, the question arises whether HYPE’s price sustains its momentum or a correction is coming.
Recently, 21Shares filed an S-1 with the SEC for a Hyperliquid ETF, furthering its crypto-focused product line. This is expected to offer an exposure to Hyperliquid’s token and rewards through derivatives like swaps and options. If approved, it could bridge DeFi with institutional markets, giving funds access to on-chain perpetuals without holding tokens. HYPE’s ecosystem is already surging with 160% APR vaults and double-digit weekly TVL growth, and this ETF filing could open floodgates for regulated capital.
Hence, when DeFi meets Wall Street, will HYPE be the next big thing in the markets? Will the price form a new ATH?
Hyperliquid (HYPE) is hovering near the crucial $50–$52 resistance, where multiple rejections have occurred previously. The chart shows a possible double-top pattern, but rising OBV indicates accumulation, supporting bullish sentiment. The RSI around 60 reflects steady momentum, suggesting buyers are still active. If HYPE manages a breakout and closes above $52, it could trigger a rally toward $58–$60. However, failure to clear this barrier might result in a pullback to $43–$44. Overall, the setup signals cautious optimism as traders await confirmation of the next move.
In conclusion, Hyperliquid (HYPE) is approaching a crucial resistance zone around $52, and its next move will likely define the short-term trend. A successful breakout could drive the price toward a new all-time high near $60, signalling renewed market strength. However, if the token faces rejection again, a pullback toward the $42–$44 range remains likely before any further rally. The coming days will be critical in determining whether HYPE extends its bullish momentum or enters another consolidation phase.
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