Hyperliquid is flashing a bullish MACD crossover near the $33 resistance, signaling a potential breakout as traders weigh momentum against the risks of opening signs.
Conclusion
- Hyperliquid price is trading near weekly highs at $32.63 as MACD is reducing its uptrend.
- The price is testing the resistance of $33-34 with RSI strengthening above 50.
- A break above $34 implies $36, while a break above $30 risks a return to $29.
Hyperliquid ( HYPE ) is trading at $32.63 at press time, up 1.5% in the last 24 hours and near its weekly range of $26.22 to $33.33.
Despite the broader market downturn, HYPE held up well. The token is up 16% in the last week and almost 100% in the last year. It still trades about 44% below its September 2025 all-time low of $59.30.
Derivatives fell 15% to $1.48 billion, while open interest rose 1.2% to $1.29 billion, with traders cautiously adding exposure, according to CoinGlass.
The MACD crossover reverses the short-term momentum
The daily chart shows a new high signal. The MACD line crossed above the signal line for the first time in several sessions and the histogram turned positive. Momentum is building, although approval is still needed.
The price remains above the average Bollinger Band, which corresponds to the 20-day moving average. Bands begin to expand after a period of compression. A retracement often occurs when volatility expands along the upper crossover.
The RSI has bounced back above 50 and continues to trend higher without entering overbought territory. Buyers seem to be regaining control and there is still room for upside if the momentum holds.
Structurally, HYPE is at its lowest since late February. The price is now pressing against the $33-$34 resistance zone.
Short term hyperliquid price outlook
Expectations for the near future are divided. If HYPE consolidates above $30, analysts see a rise to $35 later in March and possibly $38-40, especially if overall market sentiment improves.
Failure to maintain the $27-30 support range could expose $22-23, and if selling accelerates, risk $18-21. The broader pattern of highs hasn’t completely disappeared.
Mainly, the new activity could come from the upcoming update of HIP-4 which will add the features of result trading. Tokenomics is still promising, with daily purchases and aggressive fee burning reducing transaction fees.
That said, the opening of 9.92 million tokens on March 6 could add short-term pressure, especially if broader crypto markets weaken.
Currently, the MACD crossover is showing short-term momentum to the upside. A fresh break above $34 would strengthen the upside, while its rejection could keep the price in a volatile range.
