Hyperliquid Price Prediction – HYPE Eyes $37 Support After Failure at Key Resistance 

Highlights:

• HYPE fell with the broader crypto market as trading volumes jumped sharply.
• Hyperliquid’s expanding products and token burns continue to support long-term demand.
• Rejection at $42 resistance has shifted short-term focus toward the $37 support.

Hyperliquid (HYPE), like the rest of the market, is in the red today. When writing, HYPE was trading at $39.69, down by 3.28% in the day. Like most cryptocurrencies, Hyperliquid trading volumes have shot up intraday. At press time, Hyperliquid trading volumes stood at $636.4 million, up by 77%.

The surge in volumes is reflective of panic selling as the broader market starts showing signs of a new leg down. However, compared to most altcoins, Hyperliquid’s correction is negligible relative to the gains it has made in the last few days. This could be an indicator that even if the broader market enters a new bearish wave, Hyperliquid’s price could hold its value.

Exchange Growth Could Send Hyperliquid Price Higher

One of the key factors that could see HYPE hold its value is the fact it is the cryptocurrency that underpins the Hyperliquid exchange ecosystem. This means the more people trade on the Hyperliquid decentralized exchange, the more the demand for HYPE goes up. This demand for the Hyperliquid exchange is pretty much set to go up because of the diversified nature of its product offering. Unlike when it first started, Hyperliquid now offers a lot more than cryptocurrencies. 

Currently, Hyperliquid offers everything from stocks, stock indices, gold, silver, and, more recently, oil. When the Iran war started, the price of oil spiked drawing in traders looking to capitalize on the volatility.

In the same period, HYPE’s price made some gains. This goes to show that with a more diversified trading product offering, the Hyperliquid exchange can remain vibrant even during cryptocurrency winters. The result is that the value of HYPE could go up regardless of what is happening in the broader market. Such a rally could, by extension, draw in FOMO buyers, further adding to bullish price action.

TRADING TOOLS ARE GETTING STUPIDLY GOOD.

Someone just built a dashboard that tracks Iran military ops and trades oil on Hyperliquid off it.pic.twitter.com/0kCEWYS40W

— 0xMarioNawfal (@RoundtableSpace) March 11, 2026

HYPE also stands to benefit from its deflationary tokenomics. The more the Hyperliquid exchange grows in adoption, the more HYPE tokens are burned over time. The implication is that the long-term demand for HYPE is going up while supply shrinks. Economic laws of demand and supply dictate that this could trigger a surge in the price of HYPE going into the future. 

HYPE and Broader Market Structure Still Bullish Despite Hawkish Fed

The broader market dynamics could also play into Hyperliquid’s favour. While cryptocurrency prices dropped after the Federal Reserve took a hawkish turn, the correction is negligible in this market. Cryptocurrencies are known to record corrections of up to 20% at a time when there is real fear in the market. As such, the fact that the market has recorded corrections of under 10% on average goes to show that the FOMC news is widely priced in.

Sentiment has been in extreme fear for a while. We are not out of the woods yet, but despite the war in Iran and spiking oil prices, being "upgraded" to just fear and Bitcoin reclaiming the low to mid-$70K level is a good sign. pic.twitter.com/IkACSpLpPO

— Lark Davis (@LarkDavis) March 18, 2026

In such a case, a rally could be coming in the short term. That’s because the market has already given investors confidence that it can weather a major geopolitical event, such as what is happening in the Middle East. The cryptocurrency market has also outperformed key risk-off assets such as Gold since the war started. The signal that such price action is sending is that cryptocurrencies can be a reliable non-correlated asset class in times of market corrections. The result is that capital could come in more strongly. For top altcoins like HYPE that already have strong underlying demand, this reality could send the price to new highs in the short to medium term. 

Technical Analysis – Hyperliquid Price Turns Bearish After Rejection at Key Resistance

After its recent price rally, HYPE bulls have been decisively rejected at the $42.11 resistance. With bears now firmly in control, HYPE’s target in the short term is the $37.46 support.

If bears are strong enough to breach this support, a correction to $26.91 could follow. However, if the $37.46 support holds, a rebound to the $42.11 resistance could follow. A breach of this resistance could see HYPE rally to $50 or more in the short term. Of these scenarios, a test and possible short-term breach of the $37.46 support is more likely. That’s because of the selling pressure from the broader market.