HYPE Price Sets 68% Breakout Target to Surpass $50 Mark

Hyperliquid (HYPE) is currently trading around $39.71 after breaking out of a multi-month symmetrical triangle pattern on the 2-day chart. The price target has been extended to $52.27, representing an increase of approximately 68% from the current level.

The breakout occurred after a prolonged consolidation phase between two converging trendlines since late January. Although HYPE has gained nearly 19% over the past week, a key momentum indicator is signaling a divergence with the bullish price structure.

Bearish Divergence Indicates Weakening Demand

The Chaikin Money Flow (CMF) indicator on the 2-day chart is at -0.08, below the neutral threshold of 0. This reflects capital outflows from HYPE, despite the price remaining near the $39 resistance zone.

Notably, the CMF is forming a bearish divergence compared to the price action. While HYPE has been making higher highs since early March, the CMF has been weakening along a downward trend since late January. This suggests the current rally may lack strong institutional support, raising doubts about sustaining momentum toward the $47–$52 zone.

HYPE CMF Indicator | Source: TradingView To confirm an uptrend, the CMF needs to rise back above zero and stay stable. Until then, the current upward move is likely more liquidity-driven than genuine accumulation.

Short Liquidation Cluster: Catalyst or Barrier?

The liquidation map for the HYPE/USDT perpetual futures on Binance over the past 30 days shows a significant cluster of short liquidations concentrated between $45 and $48. At the $47 level, total short liquidation leverage is estimated at around $18.3 million.

This zone could act as a “magnet” for price. If HYPE breaks above the $43–$44 range with strong volume, the cascading short liquidations in the $45–$48 zone could trigger rapid buying pressure, accelerating the price increase. This area also has the highest liquidation density.

HYPE Liquidation Map | Source: Coinglass Conversely, the current price around $39.6 has seen a large amount of long positions being liquidated. This makes the area above temporarily more “clear,” but to reach the $45 zone, the price must decisively break through the resistance at $40–$43.

Key Level for Trend Direction

HYPE has completed a breakout from the symmetrical triangle pattern formed from mid-January to early March. The lower trendline acts as an ascending support from the $20.48 low, while the upper trendline has been resisting upward moves until it was broken.

According to technical analysis, the main target is at the Fibonacci extension level 1.786 at $52.27. An intermediate target at $47.40 (level 1.5) coincides with the large short liquidation cluster, reinforcing this zone as a key liquidity attractor.

HYPE Price Analysis | Source: TradingView Additionally, Hyperliquid’s launch of a prediction market and options support in February 2026 could serve as a catalyst if overall market conditions turn favorable.

In the short term, the critical support level is at $38.42 (Fibonacci retracement 1.0). Holding this level, along with a CMF returning above zero, could open room for a rally toward $47.40. Conversely, losing this support would invalidate the breakout scenario, with a risk of price retreating to $34.59 (0.786 level). On the upside, the nearest resistance is at $42.66 (extension level 1.236), which must be surpassed before the market can target the $47 zone.