Hyperliquid (HYPE) Price Prediction for August 11

After rebounding from the August low of $35.53, HYPE price is consolidating at $43.57 ahead of August 11. The market faces a decisive resistance at $44.40, which aligns with the 0.618 Fibonacci retracement and a daily supply zone. Price action over the next 24 hours will depend on whether buyers can break this barrier and target $46.81 or if sellers regain control to force a retest of nearby supports.

What’s happening with Hyperliquid’s price?

On the daily timeframe, HYPE price today has broken above a descending trendline from the July high but remains capped by $44.40. Beyond this, the $46.81 (0.786 Fib) and $49.88 swing high are the next resistance levels. Support rests at $42.72 (0.5 Fib), $41.03 (0.382 Fib), and $38.48, the level of the last major Change of Character (CHoCH) in the Smart Money Concepts (SMC) chart. The Parabolic SAR on the daily sits at $36.41, marking a key invalidation zone for higher-timeframe longs. 

SMC analysis shows a weak high between $44.40 and $49.88, suggesting liquidity sits above these levels. A confirmed Break of Structure (…

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