Key Takeaways
Experts believe HYPE could hit a new ATH in the coming days. The major liquidation levels of $44.25 on the lower side and $47 on the upper side are still worth looking at though.
Over the past week, Hyperliquid (HYPE) has registered an impressive 27% uptick, with its price hitting the upper Bollinger Band on the charts. Despite this potential red flag though, experts and investors continue to show strong interest and confidence in the asset.
Predictions and price momentum
On 11 August, several bold predictions surfaced on X (formerly Twitter). Some believe HYPE’s cool-off phase is over and that it is on the road to $100, while others predict its next stop could be $50 and then, $60. Meanwhile, some also think that HYPE may be ready to make a new all-time high.
These predictions on X have gained widespread attention, reflecting experts’ growing interest and confidence in the asset’s potential in the coming days.
At press time, HYPE was valued at $45.50, up 4.5% over the past 24 hours. This impressive performance has sparked greater participation from investors and traders, leading to a 15% surge in trading volume.
Hyperliquid (HYPE) price action and technical analysis
AMBCrypto’s technical analysis revealed that the asset has been on an uptrend, consistently taking support from an ascending trendline since the beginning of May 2025. This changed somewhat after the altcoin’s price appreciated by over 27% over the past week.
Thanks to this rally, HYPE’s price climbed to hit the upper boundary of the Bollinger Bands. This suggested that while strong bullish momentum may be backing HYPE, a price correction may be incoming before the next leg up.
Source: TradingView
Historically, whenever HYPE’s price hits the upper boundary of the Bollinger Bands, it tends to face selling pressure and subsequent downside momentum. If this pattern repeats itself, the altcoin could see a short-term decline of around 13% before the rally resumes.
On the contrary, if the upside momentum continues and the price closes a daily candle above the $47-level, it could hit a new high.
At the time of writing, HYPE’s Relative Strength Index (RSI) stood at 60, indicating that the asset was well below the overbought territory. It might just have enough room to continue its uptrend.
HYPE’s TVL and traders’ over-leveraged levels
Given the prevailing market sentiment, a well-followed smart contract developer shared a post on X highlighting HYPE’s Total Value Locked (TVL).
The expert noted that HYPE’s TVL has climbed to a new high already. According to him, investors are strongly recognizing and trusting the asset, which could potentially trigger further upside momentum.
Source: X (Formerly Twitter)
Alongside these predictions, HYPE’s price action and rising TVL indicate that the major liquidation levels traders are focusing on are $44.25 on the lower side and $47 on the upper side.
These levels represent not only significant liquidation zones, but also areas where traders may be heavily over-leveraged.
Source: Coinglass
Over the past 24 hours, they have built $10.91 million worth of long positions and $3.33 million in short positions. To put it simply, bulls have been in control.
