HYPE is up 36% in a week, but momentum is approaching a crossroads

HYPE rises 33% in a week to reach $50. The RSI is nearing a collapse as analysts look for a breakout or decline towards $37-$38.

HYPE, Hyperliquid’s native token, has risen more than 36% over the past week, briefly reaching $50 before falling lower. This move followed steady trading activity and a confirmed bullish stance that developed earlier this month.

At the time of writing, HYPE is trading around $49, with a daily volume of $660 million. The token has a market cap of just under $13 billion, placing it 16th among all digital assets by size (CoinGecko).

Meanwhile, the recent rally also followed increased visibility after HYPE listed on Robinhood, and growing attention around the S-1 filing from the project’s backers.

Price reaches major resistance zone

The recent rally pushed HYPE to a key technical level. It is now trading within the Fibonacci zone of 0.618–0.66, which is considered resistance. The $50 limit remains a strong barrier that has acted as a reaction level several times in the past.

The RSI on the daily chart has risen to around 59, indicating constant upward force. The market has not yet shown any fatigue at this level, but the brief pause near resistance indicates the need for validation before assuming further progress.

Moreover, the structure on the 4-hour chart remains neutral, but is under pressure. The asset has stalled just below the resistance zone. More importantly, the RSI has been moving along an upward trend line, which is now close to breaking through. Umair noted,

“If the breakout does not occur before the RSI trendline breaks, expect a downtrend toward the $37-$38 range in the near term.”

This level matches previous support from earlier this month and could serve as a pullback target if buyers lose control.

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Channel structure still intact

Looking beyond the immediate picture, HYPE continues to trade within a rising channel that has remained in place since early 2025. The token bounced off the bottom of the channel earlier this month and is now approaching the mid-range, near $49-$50.

While some indicators show potential weakness, others offer a more constructive picture. The MACD has moved into a bullish crossover, indicating that momentum can still support the uptrend provided the price can hold above $44 and eventually cross the $50 mark.

Analyst Joe Swanson noted the structure is “technically neutral in the medium term,” meaning the current setup still needs a breakthrough to confirm further strength.

Beyond the price action, Hyperliquid’s broader performance is drawing attention. According to to market researcher Ryan Watkins,

“Hyperliquid generates 33% of all blockchain revenue, making it the largest moneymaker in the crypto economy.”

He also noted that the project does this with “the highest revenue quality and the best growth path.”

TD Sequential warns of possible withdrawal

Another warning comes from analyst Ali Martinez, who marked a sell signal from the TD Sequential indicator. While this tool does not guarantee a reversal, it often highlights areas where the market could pause or return.

Whether the token breaks higher or retreats will likely determine market behavior in the coming sessions.