{"id":23484,"date":"2026-03-09T17:33:21","date_gmt":"2026-03-09T17:33:21","guid":{"rendered":"https:\/\/bitunikey.com\/news\/hyperliquid-price-eyes-40-breakout-as-technical-indicators-turn-bullish\/"},"modified":"2026-03-09T17:33:24","modified_gmt":"2026-03-09T17:33:24","slug":"hyperliquid-price-eyes-40-breakout-as-technical-indicators-turn-bullish","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/hyperliquid-price-eyes-40-breakout-as-technical-indicators-turn-bullish\/","title":{"rendered":"Hyperliquid price eyes $40 breakout as technical indicators turn bullish"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Hyperliquid price is pushing toward a key resistance zone as rising trading volume and strengthening technical signals point to growing bullish momentum in the market.<\/p>\n<div id=\"cn-block-summary-block_b08901eb432aa2ef3e6b5bd9b8c57b97\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Hyperliquid\u00a0rose to around $32 in a possible recovery attempt towards $40..<\/li>\n<li>Volume and open interest climbed, indicating new positions as traders anticipate further price movement.<\/li>\n<li>Technical indicators show strengthening momentum, with resistance sitting between $33 and $36.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Hyperliquid (HYPE) edged higher on renewed buying, with the token trading around $32.63 at press time, up 6.6% in the past 24 hours. The price has stayed within a weekly range of $29.61 to $33.33, holding near the top of that band. <\/p>\n<p>Over the past year, Hyperliquid has been one of the stronger performers among the top 100 cryptocurrencies, gaining about 136%. Even so, it still trades roughly 45% below its September 2025 peak of $59.30.<\/p>\n<p>Trading activity has picked up as well. 24-hour spot volume reached about $289 million, a 98% increase compared with the previous day, which suggests fresh interest from traders.<\/p>\n<p>Derivatives markets show a similar pattern. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/currencies\/HYPE\/futures\" target=\"_blank\" rel=\"nofollow\">Data<\/a> from CoinGlass shows trading volume climbing 84% to $1.36 billion, while open interest rose 9.56% to $1.33 billion. This mix open often signals that new positions are being added rather than closed.<\/p>\n<h2 class=\"wp-block-heading\">Hyperliquid fundamentals grow stronger<\/h2>\n<p>Beyond price action, the platform itself continues to expand. Hyperliquid now accounts for roughly 70% of decentralized perpetual futures trading volume, while daily activity on the exchange is estimated at 9.9% of the level seen on Binance.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The network has also built a sizable user base. More than 665,000 traders are active on the platform, and monthly revenue is estimated at around $116 million. According to project data, about 38% of the token supply has been set aside for future ecosystem initiatives.<\/p>\n<p>New features are gradually being introduced. These include HIP-4 outcome trading and efforts to connect real-world assets to the platform. <\/p>\n<p>Supply mechanics may also play a role in the token\u2019s dynamics. Hyperliquid runs an assistance fund that periodically buys back and burns HYPE tokens. Roughly 4.17% of the supply, valued at about $1.36 billion, has already been removed through these operations, reducing the number of tokens in circulation.<\/p>\n<h2 class=\"wp-block-heading\">Hyperliquid price technical analysis<\/h2>\n<p>From a technical perspective, several signals have started to lean positive. The price currently sits above the mid-Bollinger Band, which corresponds to the 20-day moving average. That area, around $29 to $30, has been acting as support in recent weeks as buyers step in during pullbacks.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Hyperliquid daily chart. Credit: crypto.news<\/figcaption><\/figure>\n<p>Volatility also appears to be returning. The Bollinger Bands are widening after a period of compression, a setup that traders often watch for stronger moves. At the moment, the price is pushing toward the upper band in the $33 to $36 range.<\/p>\n<p>Momentum indicators point in the same direction. The relative strength index is hovering in the upper-50 zone.\u00a0Before the market enters overbought territory, that level usually denotes growing momentum while allowing room for growth.<\/p>\n<p>The chart also shows a pattern of higher lows since the rebound in late January, with buyers continuously protecting the $29 to $30 range. This kind of structure often depicts slow accumulation.<\/p>\n<p>For now, the main barrier sits between $33 and $36, where the token has struggled to move higher in recent attempts. A clear break above that zone could shift attention toward the $40 level, which many traders see as the next psychological target.<\/p>\n<p>If momentum fades, the first support lies near $29.9, while a deeper support zone sits around $26 to $27.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Hyperliquid price is pushing toward a key resistance zone as rising trading volume and strengthening technical signals point to growing bullish momentum in the market. Summary Hyperliquid\u00a0rose to around $32&hellip;<\/p>\n","protected":false},"author":1,"featured_media":9628,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-23484","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/23484","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=23484"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/23484\/revisions"}],"predecessor-version":[{"id":23485,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/23484\/revisions\/23485"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/9628"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=23484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=23484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=23484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}