HYPE Price Breakout Targets a 68% Rise Beyond $50

Hyperliquid ($HYPE) is trading around $39.71 after breaking out of a multi-month symmetrical triangle on the 2-day chart, with a measured move pointing 68% higher to $52.27.

The breakout follows a sustained compression between converging trendlines dating back to late January. The token is up roughly 19% over the past week, but a key momentum indicator now contradicts the bullish price structure.

Bearish Divergence Signals Weak Demand For $HYPE

The Chaikin Money Flow (CMF) on the 2D chart is currently reading -0.08, placing it below the zero line. This negative reading indicates that capital is flowing out of $HYPE, not into it, despite the price trading near recent highs above $39.

CMF is forming a bearish divergence with $HYPE. While price has formed higher highs since early March, CMF has continued to trend downward along a descending trendline visible since late January. That divergence warns that the breakout may lack the institutional buying pressure needed to sustain momentum into the $47–$52 zone.

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For the signal to flip bullish, CMF would need to close back above 0.00 and hold. Until that happens, the indicator paints the current rally as a liquidity-driven move rather than one backed by genuine demand accumulation.

Will The Short Liquidation Cluster Fuel or Stall the Next Move?

The liquidation map for Binance $HYPE/USDT Perpetual over the past 30 days reveals a significant short liquidation cluster between $45 and $48. At the $47 level specifically, cumulative short liquidation leverage stands at $18.30 Million.

This cluster acts as a magnet. If $HYPE pushes above $43–$44 with volume, cascading short liquidations in that $45–$48 range could inject fast-moving buy pressure and propel the token upward. That level also sits directly inside the densest liquidation band.

$HYPE Liquidation Map">

$HYPE Liquidation Map. Source: Coinglass

However, the current price at $39.61 also sits at a notable point on the map where a large concentration of long liquidations was recently cleared. That suggests the immediate overhead is less crowded than the $47–$48 zone, but getting there requires pushing through the $40–$43 with conviction.

$HYPE Price Needs To Breach This Barrier

$HYPE broke above a symmetrical triangle that had formed between mid-January and early March. The pattern’s lower trendline acted as rising support from the $20.48 low, while a descending upper trendline capped each rally attempt until the breakout in early March.

The measured move from this triangle targets the Fibonacci 1.786 extension at $52.27, representing a 68% gain from current levels near $39.71. The chart also marks an intermediate target at the 1.5 extension of $47.40, which aligns closely with the heavy short liquidation cluster identified on the liquidation map.

$HYPE recently saw Hyperliquid introduce prediction markets and options support in February 2026 — both developments that could serve as catalysts if broader market conditions turn supportive. If $38.42 holds and CMF recovers above zero, the path to $47.40 opens. A breakdown below that support puts the entire breakout thesis in question.

The critical support level is the Fibonacci 1.0 retracement at $38.42. A daily close below that level would signal a failed breakout and likely send $HYPE back toward the 0.786 level at $34.59. Above that, the 1.236 extension at $42.66 is the first resistance to clear before the $47 zone becomes accessible.

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