Hyperliquid price bounced from $28 support as large buyers stepped in and tightened circulating supply.
Hyperliquid did a little bounce off the $28 floor, like a confident ninth-grader at a pep rally, while big buyers pushed their way to the front of the liquidity line.
Is $37-$40 next?
An attempted breakdown below $28 resembled a bear trap. Price briefly slipped under the 50-day moving average but quickly reclaimed it. HYPE now trades near the 50DMA at roughly $30.40.
Bollinger Bands show prior volatility expansion during the $23 to $35 rally, followed by compression. The upper band sits near $37, while the lower band is rising toward $23-$24. Holding above the middle of the range supports the case for further upside.
The relative strength index has cooled off from near 70 to around 52 and is still holding above the 50 level. That’s typically seen as healthy consolidation rather than a sign of weakness.
If HYPE stays above $28 and pushes back through $32, a move above $35 could pave the way toward the $37-$40 zone. On the downside, a daily close below $27, especially if accompanied by rising selling volume, would weaken the bullish outlook.
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2026-02-12 13:34