• Whales are actively accumulating HYPE tokens, signaling rising institutional interest.
• Price trades near key support at $38.8, with elevated volatility shaping near-term risks.
• A break above $44 could revive bullish sentiment, while a drop below $38 may trigger deeper losses.

Hyperliquid’s native token, HYPE, is drawing significant attention from large investors, with on-chain data from CryptoQuant highlighting a surge in whale activity.

The platform’s spot volume bubble map shows a strong increase in trading volume and larger average order sizes. This pattern typically indicates accumulation by major holders preparing for potential price moves.

Futures market data adds to this growing optimism. The average order size in HYPE futures has also expanded, implying that institutional and high-net-worth participants are becoming more active.

Such synchronized behavior across both markets often reflects mounting confidence among professional traders that a sizable price movement could follow.

With HYPE’s 24-hour trading volume climbing 85% to $703.6 million, market engagement has clearly intensified.

These developments position Hyperliquid as a potential rising force in the global trading ecosystem, as whale participation often precedes liquidity expansion and broader retail interest.

Also Read: Hyperliquid (HYPE) Price Eyes $50 Resistance Breakout as Analysts Predict Further Upside

Price Battles Resistance After October Rally

At present, HYPE trades around $39.86. The token faces short-term resistance between $42.5 and $43.7, where the 20-, 50-, and 100-day exponential moving averages (EMAs) are clustered. After a brief rally in late October, price action was rejected from this zone, showing hesitation among buyers.

Despite this pullback, the broader market structure remains constructive. The 200-day EMA, currently near $38.8, continues to trend upward and sits just below the current price. This level serves as a critical long-term support line.

A sustained hold above it could keep HYPE’s bullish foundation intact. However, a decisive drop below that level would likely shift sentiment to the downside, with potential declines toward the $32–33 range.

Volatility remains high, with historical volatility (HV) near 101.8, suggesting wide price swings and unpredictable short-term behavior. Traders are expected to exercise caution, using wider stops and waiting for confirmation before taking directional positions.

HYPE Token Nears Crucial Breakout Zone at $44

Technical signals suggest that HYPE is currently at a crossroads. A clean daily close above $44 would mark a shift in short-term momentum, potentially opening the path toward $49–50, where previous swing highs lie.

Conversely, a close below the 200-day EMA could confirm renewed selling pressure. As the market weighs whale accumulation against technical resistance, traders are closely watching the $38.8 hinge level for clarity.

Hyperliquid’s rising institutional participation, coupled with mounting trading volume, places the HYPE token in a pivotal position that could define its next major move in the coming sessions.

Also Read: Hyperliquid: Potential $20 Drop Amid High-Value Whale Moves