HYPE Price Pullback: Is a New All-Time High Just Around the Corner?

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<a href="https://jpygbp.com/hype-usd/">HYPE</a> Price Stalls After 60% Surge, but a New All-Time High Stays on the Table

The price of Hyperliquid (HYPE) has increased by over 6% in the last day. This rebound follows a recent dip, even though the token has already seen a significant 60% gain this year. This growth is thanks to Hyperliquid’s move into around-the-clock traditional finance (TradFi) perpetual trading and its increasing popularity as a decentralized exchange (DEX).

The recent price dip was understandable, as indicators suggested momentum was slowing down. However, new signals now point to a potential price increase, with buyers stepping in and many traders betting against it. This creates a situation where the price could jump quickly as those betting against it are forced to cover their positions.

Breakout Target Hit but Hidden Divergence Triggers Pullback

On March 10th, the price of HYPE surged upward, breaking through a technical pattern called an inverse head and shoulders. This breakout caused the price to jump from approximately $25 to $43, almost reaching the predicted price target based on the pattern.

Despite the recent price increase, there’s a potential warning sign. While the price made a slightly lower peak between October 2nd and March 18th, the Relative Strength Index (RSI) actually increased – even reaching overbought levels. This difference between the price and the RSI, known as a hidden bearish divergence, suggests the price increase might not be sustainable and the upward trend is weakening, even if it still looks strong.

The recent price drop was expected. HYPE fell from around $43 before recovering to $40. It has largely reached its predicted target, so its next move will depend on whether new buyers step in or if sellers continue to drive prices down.

What the spot market and derivatives positioning are doing right now answers that question.

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Spot Buyers Return as $29 Milliom in Shorts Build a Squeeze Setup

On March 24th, the amount of HYPE tokens entering exchanges suddenly increased to $5.76 million, indicating that token holders were likely moving their assets to sell during the recent price drop. This selling activity followed three calmer days where the price of HYPE had decreased by about 2% over the week.

As of March 25th, the trend has completely changed. Instead of money flowing *into* exchanges, a net amount of $818,350 has flowed *out*. This usually indicates that people are buying and holding HYPE tokens, rather than planning to sell them.

The derivatives market is reinforcing this trend. Looking at Bybit over the last week, short positions have been liquidated with nearly $29 million in leverage, compared to only $22 million for long positions. This indicates the market is currently favoring short trades, and a large number of short positions are at risk of liquidation above $45.

If the price goes above $45, many traders who are betting against it might be forced to quickly buy back their positions, which could cause the price to rise even faster. Most traders currently expect the price to continue falling, but the current market activity suggests otherwise.

Recent positive shifts in market trends, combined with a large number of traders betting against the market, suggest the latest technical indicator reading could be the trigger for a price increase.

HYPE Price Forecast and the $48 Hurdle

Looking at the price action between September 25th, 2025, and March 23rd, 2026, I noticed something potentially positive: the HYPE price made a lower low, but the RSI indicator actually made a higher low. This is a classic bullish divergence, and it suggests we might see a bounce. What’s interesting is that this pattern is happening right after a hidden bearish divergence which caused the recent price drop – this new signal seems to be directly countering that previous bearishness.

These signals suggest a likely shift in the market. A hidden bearish divergence previously indicated a temporary dip after the price almost reached its target. Now, a standard bullish divergence implies that dip is likely over, and prices could start rising again.

The HYPE price bounce already started post the divergence flashed.

For HYPE to continue rising, it needs to close the day above $41. After that, the next price it might struggle to surpass is $43, which is a previous target and a significant support level. If it breaks through that, $48 will be a key price to watch, as it represents a potential resistance point based on Fibonacci analysis.

If the price climbs above $48, driven by continued buying and short-covering, it could rise to $51, $54, and potentially $66. Hitting $66 would be a record high for Hyperliquid.

If the price falls below $36, it would negate the recent positive trend signals and likely cause the price to drop towards $25. Currently, a $48 range separates a potential price surge to a new high from a more significant decline to $37.

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2026-03-25 18:13