Hyperliquid (HYPER) is an emerging player in decentralized derivatives. This article reviews current trading conditions and price predictions.
Current Market Conditions for HYPER
Currently, HYPER is priced at 42.453, reflecting a 2.12% decline for the day. Following a sharp momentum in early July, the token is in a cooling phase, with active battles between bulls and bears. Traders are closely monitoring technical indicators for potential breakout opportunities.
Technical Analysis of HYPER
HYPER is currently below the Bollinger Bands' median (20-day SMA) at 44.748, indicating a neutral or slightly bullish trend. The Relative Strength Index (RSI) stands at 48.44, suggesting that the asset has not reached oversold conditions. Immediate support is at 39.826, while breaking 44.748 could signal a return to bullish conditions.
Price Prediction of Hyperliquid for Coming Years
If HYPER maintains above the $39.00 level and breaks above $45.00, it could reach the $60.00 mark by the end of 2025. In 2026, average prices may rise to $58.00, while by 2029, HYPER could exceed $1.00 if demand for decentralized derivatives continues to grow.
Hyperliquid is currently in a technical cooling phase, but the long-term outlook remains promising. RSI levels suggest it’s not yet oversold, and Bollinger Band compression hints at upcoming volatility. If support holds and buying pressure increases, HYPER could soon resume its upward trajectory.
