HYPE price has likely completed a major bullish Wave 3 near the $73.20–$81.78 range, signaling a potential Wave 4 correction. Technical indicators show easing bearish momentum, while Hyperliquid’s expansion into real-world assets supports a long-term bullish outlook for the asset.
The HYPE price appears to have completed most of its Elliott Wave 3 advance after reaching a projected Fibonacci target zone between $73.20 and $81.78. The recent rejection from this area suggests bullish momentum is cooling and a larger Wave 4 corrective phase may be starting.
The preferred scenario calls for an ABC correction, with initial support near $58.40. The ideal Wave 4 retracement target is the 38.2% Fibonacci level at $49.85, with a possible extension to $43.86 if selling intensifies.
According to crypto analyst More Crypto Online, the broader trend remains bullish with higher highs and lows dominating the chart. A breakout above $73.20 would weaken the correction thesis and expose upside targets at $87.37 and $129.62.
Technical indicators show early signs of stabilization as the RSI (14) has recovered from oversold conditions to 40.95. The MACD is also pushing toward a bullish crossover, with its line at -2.73982 crossing above the signal line at -2.77528.
From a market expansion perspective, Hyperliquid Strategies CEO David Schamis recently revealed plans to expand beyond crypto perpetuals into assets like silver, oil, and pre-IPO shares. According to him, discovering prices for SpaceX through on-chain means would change the IPO game forever.
Schamis noted that the strength behind HYPE lies in metrics including revenue, open interest, and volumes. He stated that growth drivers for the next stage would be options, prediction markets, insurance, and instruments based on expirations.
