Whale's HYPE Buy Signals Bullish Breakout Toward $60+

A whale address has recently acquired 79,000 HYPE tokens and 466 million PUMP tokens, according to recent on-chain data. This significant purchase has sparked interest among analysts and investors, particularly as HYPE continues to show signs of momentum in both price and on-chain activity.

The acquisition occurred within a broader period of heightened network engagement. Over the past 24 hours, HYPE’s HyperEVM recorded 24,200 active addresses—an 18% increase—and 424,000 transactions, up 2.5% from the previous day. Notably, daily contract deployments have risen above 120, indicating renewed builder and protocol activity. These metrics suggest that Hyperliquid’s ecosystem is gaining traction, with both user adoption and developer engagement on the rise.

From a technical standpoint, the price of HYPE has broken out above a key resistance zone between $52 and $53, confirming a bullish setup. Analysts have pointed out that the breakout was supported by increasing volume, reinforcing the likelihood of a sustained upward movement. The order book currently shows minimal resistance until the $57 to $58 range, which means the path to higher price levels appears unimpeded. Tobias Reisner, a well-known market analyst, has framed the current trajectory as a “road to $60,” emphasizing the lack of heavy liquidity walls overhead.

Further reinforcing the bullish outlook, PostyXBT has noted that the breakout could mark the beginning of a larger upward trend. If the price remains above the newly breached resistance zone, analysts are looking at potential price targets of $70 to $75 and even the psychological $100 level in the future. Greeny, another prominent analyst, has drawn a comparison between the current HYPE price structure and Solana’s $30 breakout in 2021. Both setups show similar fractal patterns, with price consolidation above a former resistance level and minimal near-term resistance in the path of continuation.

On-chain data continues to support a strong narrative for Hyperliquid, with metrics indicating genuine adoption rather than speculative behavior. If the current trajectory continues into the fourth quarter of 2025, the $60 level may represent only the beginning of a broader bull market for the asset. Analysts will be closely watching whether the $50 to $52 range holds as support, which could determine the next phase of price movement. For now, the HYPE price prediction remains firmly on the bullish side, with potential for a continuation toward the mid-$60s and beyond.