HYPE Hovers Near Pivotal $50 Resistance Amid Mixed Sentiment and Volatile Market Conditions

Hyperliquid (HYPE) has demonstrated significant price momentum in recent weeks, with a 17.37% increase in the past seven days and a 5.86% gain over the last 24 hours, according to data from Coinbase and MEXC. The current price of HYPE stands at approximately $49.28, trading just below its all-time high of $49.86. This reflects a growing interest in the token, with a 24-hour trading volume of $1.84 million reported on MEXC and £241.46 million on Coinbase. The total market capitalization of Hyperliquid is now valued at $16.46 billion, with 333.93 million tokens in circulation out of a maximum supply of 1 billion.

The price movement appears to be supported by both fundamental and on-chain metrics. Social media activity, including mentions on platforms like Twitter and Reddit, suggests that the token remains a subject of active discussion. In the past 24 hours, 4,241 individuals mentioned HYPE, with a sentiment score of 85 on average. However, social media sentiment is mixed, with 37.3% of tweets showing bullish sentiment compared to 49.68% that are bearish. The majority, 62.7%, of tweets remain neutral, based on a sample of 7,123 posts. On Reddit, the token was mentioned in 62 posts with 2,104 comments, although user engagement is mixed in terms of upvotes and downvotes.

From a technical perspective, Hyperliquid appears to be navigating a critical support level at $37.30 and a key resistance level at $50.00. A recent breakdown from a rising trend channel suggests a potential shift toward a more horizontal price movement or a slower upward trajectory in the medium term. Analysts have identified this as a pivotal phase, with the potential for renewed upward momentum contingent upon a strong breakout above $50.00.

Looking further into the tokenomics, Hyperliquid’s fully diluted market cap is estimated at $49.28 billion, reflecting a significant disparity between the current circulating supply and the maximum supply. The token’s circulating supply currently accounts for 33.39% of the total supply, which implies potential for future dilution and value distribution. This dynamic is often viewed as a long-term bullish factor by market participants.

Despite the positive price trajectory, broader market conditions remain volatile. The cryptocurrency market cap recently dipped below $4 trillion, with altcoins experiencing a 3.58% intraday drop. Bitcoin’s market share has also declined to 58.23%, the lowest since early 2025, which may indirectly influence investor sentiment toward altcoins like Hyperliquid. In this environment, HYPE’s performance remains strong relative to the broader market, suggesting resilience in the face of macroeconomic pressures.

Investors and analysts are monitoring how HYPE will perform in the coming months, particularly as the token approaches key technical levels. A sustained move above $50.00 could signal the start of a new bullish phase, particularly if accompanied by a continuation of positive on-chain and social media metrics. For now, the market is watching closely to see whether Hyperliquid can maintain its upward trajectory or whether the recent price correction represents a temporary pause.

Source: [1] Hyperliquid Price, HYPE Price, Live Charts, and Marketcap (https://www.coinbase.com/en-gb/price/hyperliquid) [2] Hyperliquid Price Today: Live HYPE-to-USD ... (https://www.mexc.com/price/HYPE) [3] Hyperliquid (HYPE) - Technical Analysis - Cryptocurrency (https://www.investtech.com/main/market.php?CompanyID=99402729)