Hyperliquid (HYPE) Price Could Be on the Verge of a Major Surge – Here's What to Expect

Current Price Movement: Hyperliquid (HYPE) is trading near a key breakout level after emerging from an ascending triangle, indicating potential for a strong upward movement if buyers maintain momentum.

Support Indicators: The Ichimoku Cloud is providing solid support for HYPE, suggesting that buyers are defending the price trend, with higher lows being established during retests of the breakout zone.

Chart Analysis: The chart indicates a clear path for HYPE to maintain stability and potentially extend upward, with defined risks if the price falls below the retest zone.

Future Projections: If the breakout level holds as support, HYPE could target the mid-to-upper $40s, with the possibility of reaching the $50–$54 range, contingent on successful retests and increased trading volume.