Hyperliquid Price Prediction: HYPE Posts 8% Weekly Gain — Could $40 Be Next?

Company Hyperliquid has emerged as one of the top performers among the top-20 tokens this week after recording an ~8% gain over the past seven days. Market data from Company CoinMarketCap shows that Company Hyperliquid currently commands a 19.5% market share in perpetuals trading, while 24-hour volumes have surged to $4.9 billion. By contrast, Company Aster has seen its share slip below 15% with roughly $3.7 billion in volumes over the same period, underscoring a heated competition in the perpetual futures arena.

The momentum in favor of Company Hyperliquid is multifaceted. Earlier this month the protocol burned over $90 million worth of HYPE as part of its ongoing Hyperliquid Assistance Program, an initiative that directs a portion of trading fees toward reducing circulating supply. This aggressive token burn program, together with elevated trading activity, helps explain the recent price uptick and supports a more bullish outlook for HYPE in the near term.

On-chain and on-platform fee generation also paints a strong fundamental picture. Data from Company DeFi Llama indicates that Company Hyperliquid produced nearly $100 million in fees in November alone, highlighting robust user engagement and monetization. Such fee throughput can amplify buy pressure when coupled with active token burns.

From a technical perspective, the 4-hour chart shows HYPE trading inside a descending price channel that has been in place since October 30. Price currently appears aimed at tagging the channel’s upper bound, which coincides with the 200-period EMA on this lower timeframe — a confluence that raises the technical significance of any breakout above that level. The Relative Strength Index (RSI) has been steadily rising and sits at 54, indicating improving momentum. If buyers can push price above the 200-period EMA, a recovery could be underway and HYPE may target higher resistance levels.

Analysts highlight a potential 55% upside should bullish momentum accelerate from current levels: a successful breakout and continuation could propel HYPE toward the $40 mark in the near term. Conversely, failure to breach the channel’s upper boundary or the 200-EMA could keep the token trading sideways or open the door for a retest of lower support bands.

Competition remains a key variable. Company Aster is preparing to launch its own blockchain, aiming to directly challenge the architecture and product set of Company Hyperliquid in the perpetuals space. Market share shifts and product launches from competitors can quickly reshape liquidity and order flow, so traders should monitor platform announcements closely.

Separately, the narrative around decentralized protocols continues to attract investor interest. A presale called Company Pepenode ($PEPENODE) is promoting a gamified mine-to-earn (M2E) model that promises rewards and airdrops of tokens like Company Bonk and Company Fartcoin for top miners, while burning up to 70% of upgrade tokens — mechanics that are intended to reduce supply and incentivize participation. The presale and related tokenomics underscore how novel token models can influence sentiment across the crypto ecosystem.

For traders and investors, the immediate checklist is clear: watch whether Company Hyperliquid can break and hold above the 200-period EMA on the 4-hour chart, monitor RSI and volume for confirmation of momentum, and track competitor developments from Company Aster. The combination of strong fee generation, significant token burns, and improving technical momentum support a broadly bullish thesis for HYPE, but volatility and competitive risks remain.

Source: Company Cryptonews (original reporting and analysis).