HYPE: To $50 or Not To $50? 🤔

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Right, so the market’s being… dramatic, as usual. This week? Oh, it’s really leaning into the drama. HYPE’s price is doing this whole thing where it’s trying to look interesting, and honestly, succeeding. It’s currently lounging around $42.81, up a perfectly respectable 6.99% in 24 hours. And nearly 4% for the week. 🎉 Like it’s trying to impress someone.

Apparently, there was a BLP Testnet launch. Which, let’s be real, sounds like something out of a sci-fi film. But apparently, it’s good news for the whole ‘lending and borrowing’ thing in DeFi – which is, I’m told, exciting. Big players are throwing money around like confetti, naturally, creating a little bit of a wobble (aka volatility, for the uninitiated). You know, because why not?

There’s a ‘technical breakout’ happening, which means some lines on a chart are doing something impressive. It’s above some support, which is good. But everyone’s still having a bit of a squabble – bulls versus bears, the usual suspects. Anyway, I’ve had a stab at deciphering it all, after copious amounts of tea.

Bulls vs. Bears: Where is HYPE Price Heading?

The price is strutting its stuff above the 50-day SMA at $40.79, feeling quite pleased with itself. It’s hovering just below $43, testing the waters near $43.68 – which is apparently a crucial level. Basically, if it gets past $43.68, things could get interesting. Like a quick trip to $46.07, and then… potentially… $49.95. (Don’t hold your breath. Or do. I’m not your financial advisor. 🤷‍♀️)

The 14-day RSI is being all zen at 59.80 (neutral, apparently). The MACD is, however, hinting at a bit of a wobble to come. It’s all a bit… indecisive. On the downside, $41.74 is looking solid, and $40.79 is providing backup. But dip below $39.05 and… well, brace yourselves. 😬

So, expect something to happen this week. If the bulls manage a breakthrough above $43.68 and actually hold it? Then $46.07 and $49.95 are firmly in sight. But if it all goes south, and we dip below $41.74? Expect a retreat to $39.05. And the bears will be doing a little dance. A very smug dance.

FAQs

What makes $46.07 and $49.95 critical levels for HYPE now?

Honestly? It’s because some lines on a chart say so. More specifically, Fibonacci retracement levels. Apparently, they’re targets after holding a defensive position. $49.95 is also the last high, acting like a beacon for over excited traders.

Is Hyperliquid trending bullish or bearish?

It’s playing hard to get. It’s sitting in a mostly-good mood, above the 50-day SMA. Though, the mood swings are still possible, bear that in mind.

What could trigger the next major move for HYPE?

A bit of a push above $43.68 could get it going. Or a wobble below $41.74 to set up a little panic.

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2025-11-10 12:20