Hyperliquid: Local Accumulation Trend Indicates Possible Next HYPE Target
Hyperliquid (HYPE) has risen to record highs for the first time since November, bringing the market’s focus on the next possible price target. Recent chart analysis shared by @ArdinNSC on X points in a continuous structure built on the trend of the accumulation area. With many levels already cleared, the technical framework is now focused on whether the market can handle it extend the movement to the next target.
Accumulation Curve Structure Drives Breakout Momentum
The chart posted by Ardin highlights a clear accumulation curve for the area that has developed over the past few weeks. Instead of a sharp pullback, Hyperliquid (HYPE) formed a circular structure where the price gradually changed from decline to recovery. This curved formation shows a long phase in which buyers are absorbing supply, allowing the market to stabilize before development.
As the accumulation process increased, the price of HYPE began to move to higher levels that had previously served as resistance. The first significant level is sitting near $36.50. Once this barrier was cleared, the uptrend quickly moved towards the next target set at around $38.50.
Both levels were released in a short period of time, which confirms that at first the assembly phase has changed in the direction of strong expansion. The breakout also coincided with the price following the upper arc of the accumulation curve, reinforcing the idea that the structure served as a continuation base rather than a temporary reversal.
With these resistance levels now behind the market, the chart shows a Hyperliquid (HYPE) trade above them, effectively turning the previous barriers into areas that can now support the price at any time. to draw a short time.
Hyperliquid (HYPE) Reassessment Holds Key to $40 Target
With the first target now achieved, attention has shifted to whether Hyperliquid (HYPE) can maintain its position above recently recovered levels. The chart shows a highlighted retest area just below the current price, marking an area where the market may revisit if momentum cools.
This region sits in the mid-$34 range and represents an area where previous resistance may act as support. In technical market behavior, such retesting often serves as confirmation that the exit is structurally sound.
If the market maintains stability above this support area, Hyperliquid’s (HYPE) accumulation curve suggests that the trend may still have room to extend higher. Under this scenario, the next possible target identified in the analysis appears near the $40 level and possibly beyond.
At the same time, the chart shows the second Hyperliquid (HYPE) trend when the market weakens. Losing the $36.50 level can cause backlash it is headed for a support area around $34 to $35, where the chart suggests that the price may come back for a retest if $36.50 fails.
For now, the structure remains focused on whether the price can hold above the recently restored levels. Maintaining that momentum keeps Hyperliquid (HYPE) trending towards the $40 target which is consistent with the continuation structure that emerged from the previous bullish trend.
Featured image from ChainUp, chart from TradingView.com
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