The broader crypto market is attempting a cautious recovery after the recent sell-off pushed the Bitcoin price below the $75,000 mark. While sentiment across major assets remains mixed, Hyperliquid has moved in the opposite direction, maintaining a strong upward trend and outperforming the wider market.
The divergence comes as Hyperliquid breaks above a key consolidation range following the announcement of a new product update under HIP-4, which expands the platform’s trading capabilities and introduces new on-chain use cases.
HYPE price reacted swiftly to the development, climbing more than 20% on the day. The token moved decisively higher from the $30 consolidation zone to trade above $37.5, signaling renewed bullish momentum. The rally has also pushed Hyperliquid into the top 10 crypto by market capitalization, overtaking Cardano.
Hyperliquid’s HIP-4 Upgrade Renews Market Interest
The price surge followed the unveiling of HIP-4, a proposal that introduces outcome-based trading on Hyperliquid. The upgrade brings prediction market–style instruments and option-like derivatives directly on-chain, marking a significant expansion beyond the platform’s core perpetual futures offering.
According to Hyperliquid, the new product structure allows traders to express market views with predefined risk, without relying on traditional liquidation mechanics. This design is seen as a step toward positioning Hyperliquid as a more comprehensive trading venue rather than a platform focused solely on perpetuals.
The announcement has been well received by the market, with traders increasingly viewing HIP-4 as a milestone in Hyperliquid’s evolution toward a full-spectrum DeFi trading hub.
Why the Update Matters
The HIP-4 upgrade strengthens the longer-term narrative around platform diversification and potential revenue stability. By introducing outcome-based instruments, Hyperliquid opens the door to new liquidity sources and user segments, including more sophisticated traders seeking structured, on-chain exposure.
Market participants are now closely watching whether adoption of the new trading format translates into sustained volume growth and deeper network effects. If participation follows product expansion, demand for HYPE could remain supported beyond the initial reaction.
For now, Hyperliquid’s ability to rally against a fragile market backdrop highlights the impact of protocol-specific catalysts, as traders rotate toward assets showing both technical strength and clear fundamental developments.
Hyperliquid Price Analysis: Will HYPE Reach $50?
As mentioned earlier, HYPE has maintained a strong upward trend, defying broader market sentiment and outperforming several top cryptocurrencies. Despite only a modest rise in trading volume, buying pressure has been strong enough to lift the price out of its consolidation range near $30 and push it above $37.
The move allowed HYPE to break through the key $35–$36 resistance zone. With that level cleared, the token is now testing its next major technical barrier—the 200-day moving average near $38.01. The focus now shifts to whether this resistance can flip into support, a development that could strengthen the bullish structure and open the door for a move toward the $50 level.
HYPE is finally showing some life after a long corrective phase. Price has bounced strongly from the $28–30 demand zone and is now pushing into the $35–37 resistance area, which earlier acted as a key support before the breakdown. This zone also lines up closely with the 200-day SMA near $38, making it a crucial level to watch. The recent move is backed by better volume and a positive shift in CMF, hinting that buyers are slowly stepping back in, rather than this being a random spike.
If HYPE manages to hold above $35–36, the recovery can extend toward $43 in the near term, followed by a bigger test around $48–50, where strong selling pressure is likely. However, rejection from this zone could send the price back toward $30, and if that fails, $26–28 comes back into focus. Momentum is improving, but the real trend shift only confirms above the 200-day average.
Bottom line: Can the HYPE Price Reach $50 in February 2026?
Hyperliquid’s latest rally has drawn comparisons to the market response following the HIP-3 update, which marked one of the protocol’s earlier major product milestones. After HIP-3 was rolled out, HYPE saw a sustained price expansion, rising from the low-$20 range to above $30 over the following weeks, a move of roughly 40%–45%, supported by rising platform activity and visibility rather than a short-lived speculative spike.
If HIP-4 gains traction similar to HIP-3, increased participation and liquidity could make the current rally more durable rather than just a short-term spike. With this, the possibility of surpassing $50 could be more realistic, paving the way for a new ATH this month.
