Hype Coin Explodes Past $46 - Could Rally 8% to Hit Bulls' $49.72 Dream Target?

Hyperliquid (HYPE) price surges to $46.05 as bulls celebrate a clean bounce from critical support, with traders already banking profits and eyeing an ambitious $49.72 target. After reclaiming key technical levels, momentum traders are positioning for what could be the next major breakout in the DeFi space.

HYPE Bulls Seize Control After Perfect Support Bounce

Smart money isn't taking any chances though. According to a recent Twitter update from a seasoned trader, positions are already showing 1R profits with stop-losses moved to breakeven. It's the kind of disciplined risk management that separates winners from wishful thinkers in this volatile game.

The technical setup couldn't be cleaner. HYPE has reclaimed its key moving averages, flipping what was once resistance into solid support. Volume patterns suggest institutional interest is building, and the overall market structure screams "continuation" rather than "reversal."

Critical HYPE Price Levels That Could Make or Break This Rally

Here's where things get interesting for swing traders. The immediate target sits at $49.72 – roughly an 8% moonshot from current levels. While that might sound modest in crypto terms, it represents a significant psychological barrier that could unlock much bigger moves if breached convincingly.

The downside story is equally important. Support at $45.31–$45.45 has proven its worth, but a deeper pullback could test the $44.46 level where longer-term holders might step in. That's the line in the sand for this bullish narrative.

What happens next likely depends on broader market conditions and whether Bitcoin can maintain its recent strength. If momentum holds and volume continues building, HYPE could be gearing up for one of those explosive moves that crypto traders live for. The pieces are certainly falling into place.