Hyperliquid Could Set a New All-Time High Soon. Here’s the Timeline

Hyperliquid surged to its highest value since October a few hours ago. It peaked at $48.6 but is struggling to remain above its opening price.

It currently prints a doji, threatening to retrace lower after the slight rejection. Nonetheless, a red close on Tuesday will mark the first bearish close after a two-day hike. During this session, the altcoin gained over 14% amid the growing bearish sentiment across the market.

It remains to be seen whether the latest rejection marks the end of the recent uptrend, which began last Thursday. It kicked off at 13% and has since gained almost 23%.

At the time of writing, Hyperliquid is grappling with reduced trading volume. Data from CoinMarketCap shows it had a slight decline in volume over the last 24 hours. Nonetheless, amid the recent change, the cumulative volume delta remains positive, indicating that the bulls are still in control.

However, there are fears the asset may see a notable decline in the coming days. The concerns rise even higher considering an impending unlock. A few days ago, Cointab published an article on X, citing the impending 9.9 million token unlock in June.

With the event drawing near, the investors will expect further decline. Nonetheless, the 1-day chart offers more insight into how prices will react.

Hyperliquid Nears Key Resistance

Following its recent rejection, the asset declined slightly. However, the chart suggests that it may surge even higher this week.

Previous price movement suggests the asset is trading a dollar from a sell zone. The image below shows that the channel spans between $49.7 and $50.8. The last time it tried breaking was in October, and there was no decisive breakout.  

The coin will likely retest this zone this week if the bulls sustain the upward momentum. Nonetheless, fundamentals suggest an increased chance that the uptrend will continue.

Over the last few days, the altcoin has seen significant institutional interest. For example, Bitwise recently announced plans to allocate 10% of the Hyperliquid ETF ($BHYP) management fee toward holding HYPE on its balance sheet.

Aside from that, a recent report noted that a wallet linked to Andreessen Horowitz purchased an additional 372,000 HYPE tokens, worth approximately $16.91 million, over the past several hours. This is not the first time A16z has invested in HYPE. A few days ago, it staked $5 million worth of the token.

Goldman Sachs is also a fan of the altcoin. A recent filing with the US SEC shows that it rebalanced its portfolio, selling off its XRP and Solana ETFs and trimming its Ethereum ETF holdings in Q4 2025. It closed its positions in these assets and opened a new one in Hyperliquid. As part of its investment in the project, it acquired 654,630 shares of Hyperliquid Strategies (PURR), valued at about $3.3 million.

It remains to be seen if Goldman Sachs will buy the actual token. However, the moves by these firms into HYPE will trigger more buying pressure, as seen in the last five days. Nonetheless, they may not be enough to push past the sell zone.

Why it May Stall

After failing to break above $60 in September, it tried to recover from a dip to $40, but its attempt stalled at the sell zone. It tried to break above the channel again a few days later, with the same result.

The selling congestion at this level remains significant. Recent MMT data show that investors are positioning to sell off once prices touch $49. As of this writing, they’ve invested 91k tokens in this action.

If they manage to break above this key level, HYPE will run into another hurdle at $49.2, where positions worth almost $4 million will be liquidated.

Aside from derivative data, the relative strength index also indicates that the uptrend is nearing its end. It is currently at 64, 6 clicks away from being overbought. Further price increases will see it cross the boundary, signaling a correction afterward.

Adding to the list concerning developments is that the impending token unlock will cause a negative supply shock. It may cause prices to significantly decline. However, the team may decide to unlock such a massive quantity.

In 2025, the Hyperliquid team decided that, instead of the expected 9.92M HYPE cliff unlock, only 1.75M tokens were distributed, greatly reducing selling pressure. It remains to be seen whether they’ll do the same in June.

Nonetheless, based on the current trajectory, the asset will likely peak this week. If that happens, it will retrace next week. However, the 1-week chart offers a glimpse of how long the downtrend will last and what will happen next.

Hyperliquid Print Cup, Where’s the Handle?

On the 1-weeOn the 1-week chart, Hyperliquid is printing a bullish signal that many recognize. declining since Q4 2025, but started recovering in January. It has since maintained its upward trend and is approaching the sell zone.

Interestingly, this zone forms the neckline. The chart above shows that, between its downtrend and recovery, the altcoin has formed a curve, or the first part of the cup-and-handle pattern.

If it fails to break above the sell zone, it will trigger a downtrend that may last 4-8 weeks before rebounding. It will likely find support around $39. It will retest $49 within 4-8 weeks after bouncing off the mark.

This time, it will break the channel and may continue upward until it flips its all-time high.

Hyperliquid will likely attain a new all-time high within the next two to four months. Nonetheless, the entire prediction will be set in motion after the asset fails to flip the $49-$50 sell zone.

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