Hyperliquid HYPE Surpasses $45.00 Amid Bullish Momentum and Rising Open Interest

Hyperliquid (HYPE) appears to be gathering momentum for a potential recovery as it trades above $45.00 amid broad risk-off sentiment in the cryptocurrency market. The 4-hour candle is currently printing in green, signaling bullish activity. Traders are closely watching for a daily close above $45.00, which could ignite a move toward the $50.00 level, near the token's historical high [1].

The technical outlook for HYPE remains encouraging. The price is currently holding above the 50-period Exponential Moving Average (EMA) at $43.91, with additional support levels at the 100-period EMA ($43.68) and the 200-period EMA ($43.13). The Moving Average Convergence Divergence (MACD) indicator has maintained a buy signal since Friday, suggesting continued bullish momentum. A reversal of the Relative Strength Index (RSI) to 56 at the time of writing indicates increased buying pressure [1].

Retail demand for HYPE appears to be steady, as reflected in the futures Open Interest (OI) metric. According to CoinGlass, HYPE’s futures OI has remained above the $2 billion threshold, demonstrating that traders are increasingly positioning for short-term price appreciation [1]. However, the weighted funding rate for HYPE has declined to 0.0090% from a peak of 0.0663% on August 18, indicating a reduction in leveraged long positions and potentially dampening positive sentiment [1].

Social media metrics also point to rising awareness and retail interest in Hyperliquid. Santiment data reveals a consistent increase in social volume for HYPE, with mentions on various platforms remaining elevated despite the broader market's cautious tone. This trend aligns with the growth in futures OI and suggests that retail traders are taking a more active interest in the token [1].

Traders should monitor key resistance levels in the coming sessions. A retest of $47.37, followed by the all-time high of $49.91, could present lucrative opportunities for bulls. On the downside, a breakdown below $40.45 may trigger a pullback toward the demand zone at $35.50 [1].

The sustained rise in HYPE’s futures Open Interest and strong technical structure suggest that buyers are currently in control, offering a favorable environment for a potential price recovery. As the market continues to assess broader risk factors, the performance of HYPE will likely serve as an indicator of retail confidence in the cryptocurrency space [1].

Source: [1] Hyperliquid Price Forecast: HYPE offers recovery signals backed by steady open interest (https://www.fxstreet.com/cryptocurrencies/news/hyperliquid-price-forecast-hype-offers-recovery-signals-backed-by-steady-open-interest-202508251226)