Hyperliquid Price Outlook: Can HYPE Break Above $50?

Hyperliquid (HYPE) is showing a balanced yet cautious setup as price action hovers between two critical moving averages. The token is currently holding support at the 100-day Exponential Moving Average (EMA) around $44.073, while resistance is defined by the 50-day EMA near $47.546. This narrow range highlights a period of consolidation, with traders closely watching for the next decisive move.

From a momentum perspective, the Relative Strength Index (RSI) prints at 45, reflecting a neutral-to-bearish stance. While the reading suggests that HYPE is not yet oversold, it also signals that bullish momentum remains subdued. A rebound above the 50 mark on the RSI could act as an early confirmation of renewed strength, reinforcing the bullish picture.

Fundamentals continue to support the case for recovery. DeFi TVL and Open Interest remain steady, indicating healthy participation across the ecosystem. Moreover, Hyperliquid’s steady token buybacks and its growing dominance in the perpetual DEX sector are providing a strong foundation for market confidence. A breakout above the ascending trendline and the psychological $50.00 barrier could open the door for extended gains, potentially accelerating upside momentum.

On the flip side, risks remain on the table. A daily close below the 50-day EMA may prompt traders to de-risk, while a sustained breakdown of the 100-day EMA support could invite heavier selling pressure. In such a case, the probability of HYPE revisiting the 200-day EMA at $36.866 increases significantly.

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