Hyperliquid token is trading around $32.39 at the time of writing in late May 2025. The coin has a market cap of around $10.70 billion to $11.6 billion. HYPE launched in November 2024 at $7.56. Since then, it has grown significantly. The coin hit its highest price of $39.87 in May 2025.The price has been up and down but mostly going up in 2025. Strong trading volumes are helping the price. Market sentiment is also positive for HYPE token.
Currently, HYPE trades at a fraction of BNB’s price, but some analysts believe HYPE could eventually reach similar valuation levels within a few years. This optimistic outlook reflects growing confidence in HYPE’s future growth potential and its ability to capture market share in the competitive cryptocurrency landscape.
HYPE Token a Strong Technical Performance Since Early May
According to price analysis by Liquid Mex on X, HYPE has demonstrated impressive technical strength since early May. The cryptocurrency has established a sharp uptrend pattern, consistently forming higher highs and higher lows. This momentum appears to remain intact despite a pullback that has created what analysts view as a healthy consolidation phase.
The current price action has identified a key Buy Zone between $32.46 and $34.00. This support level aligns perfectly with previous resistance from early 2025 that has now flipped to act as support, creating what technical analysts recognize as a classic breakout-retest pattern. This type of formation often signals strong underlying demand and provides a solid foundation for the next leg higher.
$HYPE
also known as @HyperliquidX is very under priced right now.
This could easily in a few years be around the current price of $BNB #Binance coin
Here is what i expect to see in the next 2 weeks for $HYPE
Expecting a +50% move up briging $hype to around $50 dollars pic.twitter.com/i3v17TOdpd
— Mex (@LiquidmexXbt) May 29, 2025Short-term resistance has been identified around the $44 to $45 level, where the price topped before beginning its pullback. However, the technical projection suggests HYPE could push through this resistance and target the $49 to $50 range. This would represent approximately a 50% increase from current support levels, aligning with bullish expectations for the token.
Is a $50 Price Target Next for Hyperliquid?
The fundamental context surrounding HYPE adds weight to the technical analysis. Liquid Mex, who shared the original analysis on social media, noted that HYPE appears significantly underpriced relative to its potential. The analyst drew comparisons to BNB, suggesting that HYPE could trade at similar levels within a few years as the HyperliquidX ecosystem continues to develop and gain adoption.
Several factors could support this ambitious price target. The protocol’s focus on DeFi and derivatives trading positions it well within growing market segments. Any protocol updates, changes to tokenomics, or strategic partnerships could serve as catalysts to fuel significant price movements. The key will be maintaining sufficient trading volume and liquidity to support sustained price appreciation.
Read Also: Why Internet Computer (ICP) Could Be a Better Bet Than BTC in 2025
For the immediate future, the next two weeks present a critical period for HYPE price action. If the cryptocurrency can maintain support within the identified Buy Zone and begin to bounce, there is a strong technical case for a move toward the $49 to $50 target. However, traders should monitor the $44.50 level closely, as a reclaim and close above this resistance would likely confirm renewed momentum toward the higher targets.
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