HYPE price is now holding near $43 after recovering sharply from lows near $20 earlier this year, with several analysts forecasting a potential continuation toward higher resistance zones. Recent chart discussions from prominent crypto traders have intensified bullish sentiment around the decentralized perpetuals exchange token.
Crypto analyst HypeDojo projected that HYPE could rally toward $75 before the end of June, citing the formation of an ascending triangle on the daily chart. The pattern developed after successful calls earlier predicting higher highs when HYPE was below $39. The latest structure shows price compression beneath horizontal resistance with progressively higher lows—a setup often associated with continuation breakouts. While some traders argue the formation could resemble a rising wedge, the broader weekly trend remains bullish, characterized by a sequence of higher lows.
Another widely followed trader, VikingXBT, described Hyperliquid’s long-term chart as “the best chart in the sector” and maintains a $60 target after entering a long position near $36 in April. The analyst highlighted the platform’s growing reputation in the decentralized derivatives market, citing expanding trading volumes and infrastructure as supportive factors.
TradingView indicators assign HYPEUSDT a “strong buy” composite rating on weekly and monthly timeframes, primarily driven by moving average alignment. Oscillators such as RSI, MACD, and Stochastics remain neutral, indicating bullish momentum without overbought extremes. Key trend indicators—the 50-, 100-, and 200-day moving averages—are likely positioned below current price, reinforcing the uptrend. Market participants are monitoring psychological resistance at $50; a confirmed breakout could accelerate gains, while support in the high-$30s remains crucial for structural integrity.
