Hyperliquid (HYPER) Rises 2.12% as Bulls Target $44.75 Resistance Amid Consolidation

Hyperliquid (HYPER), a decentralized derivatives platform, currently trades at $42.45, reflecting a 2.12% daily increase. The token, which surged in early July, is now in a consolidation phase as bulls and bears contest control. Technical indicators suggest a potential reversal, with the RSI near oversold territory at 48.44 and Bollinger Bands tightening around key support and resistance levels [1].

The 20-day simple moving average (SMA) at $44.748 acts as immediate resistance, while the lower Bollinger band at $39.826 provides critical support. A breakout above the SMA could test the upper band at $49.670, with further gains contingent on sustained buying pressure. Conversely, a drop below $39.826 may trigger a retest of psychological levels at $36.00 and $32.00. Analysts note that a rebound off the $39.826 level would validate its role as a floor, potentially fueling a renewed upward trend [1].

Price predictions for 2025–2029 outline a gradual ascent, with the token targeting $60.00 by year-end if it holds above $39.00. By 2026, average prices could reach $58.00, supported by institutional adoption. In 2027, broader crypto market maturity and regulatory clarity may push prices to $90.00. The $1.00 milestone is projected for 2028, contingent on ecosystem growth and platform upgrades. A bullish macro environment in 2029 could see HYPER surpass $1.00, with a maximum price of $1.15 [1].

The RSI’s descent from 57.19 underscores a loss of short-term momentum, but analysts caution that it has not yet entered the oversold zone (below 30). A rebound within the 40–45 range, paired with a breakout above the Bollinger mid-line, could reignite buyer interest. Volume levels will be critical in determining the direction of the next move [1].

Long-term optimism stems from Hyperliquid’s infrastructure and scalability in decentralized derivatives. Institutional interest and strategic partnerships are cited as key growth drivers. While near-term volatility is expected, the platform’s position in a high-growth sector positions it to capitalize on broader market trends. The $1.00 target remains achievable by 2028 if adoption continues and macro conditions remain favorable [1].

Source: [1] [Hyperliquid (HYPER) Price Prediction 2025–2029: Can Hyperliquid (HYPER) Hit $1.00 Soon?](https://coinmarketcap.com/community/articles/68863333f196495074ef7a84/)