The price of Hyperliquid is showing the first signs of a change in market structure after confirming strong demand at $28.40, setting the stage for a possible extension to higher levels.
Summary
- $28.40 returned and protectedconfirming the need after the explosion
- Candles filled with lots indicate strong momentumreplacement of the supporting structure
- Holding the support opens upwardswith $48.02 as the next major resistance
Hyperliquid (HYPE) price action has entered a critical phase after successfully retesting and retesting a key high-term support area. Following a period of corrective consolidation, the market responded with strong bullish impulses, suggesting that buyers are beginning to regain control. The $28.40 level, previously the pivot of the main structure, has now been confirmed as support, indicating a potential reversal in the broader trend.
This development is important, as changes in market structure often begin with decisive behavior of break and test high time levels. With bullish momentum building and price holding above previous resistance, Hyperliquid may transition from a correction phase into a new expansion cycle.
Technical points for the price of Hyperliquid
- The all-time high of $28.40 was recovered and retested, confirming strong demand
- Full bubble candles indicate unexpected buying pressure, supporting a trend reversal
- Holding above support opens towards $48.02, the next major resistance
Hyperliquid’s recent price behavior has been characterized by a bullish extension of the volatility, marked by strong candles filled with energy. This movement reflects aggressive buyer participation instead of slow accumulation, which is the key difference when evaluating trend shifts.
After crossing the $28.40 level, the price pulled back and reacted strongly to the high price area, confirming this region as a recently established support. A successful initial retest is often the most important, as it confirms that the previous resistance is indeed necessary. In this case, buyers intervene strongly, which strengthens confidence in the bullish situation.
This reaction suggests that market participants are willing to defend the price above $28.40, shifting the balance of control away from sellers.
The fluid’s sweeping power strengthens the structure
One additional level to watch carefully is the 0.618 Fibonacci retracement which is placed just below the current support area. In many bullish formations, the price revisits this region to clear the remaining selling capital before resuming its trend. A controlled retest of 0.618 Fibonacci, followed by a strong bullish reaction, will strengthen the case for a new low.
Such behavior will ensure that the market effectively absorbed the supply and turned into a rally above support. Importantly, this will reinforce the change in market structure from bearish or neutral to bullish.
Until that happens, temporary fluctuations remain possible. However, as long as the price maintains acceptance above $28.40 at the close, the broader bullish thesis remains intact.
A change in market structure opens up upward expansion
From a market structure perspective, Hyperliquid appears to be moving in a sequence of highs and highs and lows. The impulsive nature of the recent upward movement, combined with a successful test of support, suggests that the correction phase may be over.
If the price continues to hold higher support and build higher lows, the chances of a bullish extension increase. In this case, the next major target is sitting near the upper term resistance at around $48.02. This level represents the area of previous denial and may serve as the next area of supply.
A move into this region would coincide with the continuation behavior of the old trend following a structural blowout.
What to expect from future price action
From a technical, price, and market structure perspective, Hyperliquid is well positioned as long as the $28.40 support level continues to hold. A short-term pullback is always healthy within bullish trends, especially if it leads to a higher decline above key support.
At the moment, evidence suggests that Hyperliquid has successfully completed the bullish retest and is beginning to change the structure of the market. If buyers remain active, the path to higher resistance levels remains open, with $48.02 emerging as a key target in the next phase.
