Hyperliquid’s price has been attempting a gradual rebound in recent sessions, retracing part of its losses. HYPE has not yet lost its upward momentum. However, futures positioning shows resistance remains strong, making this altcoin vulnerable to sudden volatility. The liquidation map shows Hyperliquid contracts are currently skewed toward bearish exposure.
There is roughly $28.9 million of short liquidations clustered above the $35 price level. This concentration reflects a strong short position among futures traders. Yet the elevated short interest also creates a risk of a short squeeze. If HYPE clearly breaks above $35, forced short liquidations could boost upside volatility and rapidly reverse market sentiment.
The price could clear the $34 resistance. A breakout above $36 would bring it close to the $35 short-liquidation zone. Roughly $28.9 million in short liquidations could push the price to around $38 if the move unfolds. These moves would bring the 50-day and 200-day moving averages closer together, potentially setting up a golden cross after the short squeeze.
Conversely, a renewed bearish condition could invalidate these projections. If this level breaks, the next major support could be at $26. This would negate the bullish thesis and reverse the month-and-a-half-long uptrend. This would negate the bullish thesis and reverse the month-and-a-half-long uptrend. A break of the $30 support could further erode market psychology, while a MACD upturn suggests mounting buying pressure that could gradually take hold.
Futures positioning shows resistance remains strong, leaving the altcoin vulnerable to sharp swings and potential short squeezes above key levels. Hyperliquid’s price has been attempting a gradual recovery in recent sessions, retracing part of its losses. HYPE has not yet lost its upward momentum. However, futures positioning shows that resistance remains strong, leaving the altcoin vulnerable to sudden volatility.
The liquidation map shows Hyperliquid contracts are currently skewed toward bearish exposure. There is roughly $28.9 million of short liquidations clustered above the $35 price level. This concentration reflects a strong short position among futures traders. Yet the high short interest also creates a risk of a short squeeze.
If HYPE clearly breaks above $35, forced short liquidations could boost upside volatility and quickly reverse market sentiment. The price could clear the $34 resistance, while a breakout above $36 would bring it close to the $35 short-liquidation zone. Roughly $28.9 million in short liquidations could push the price to around $38, should the move unfold. These moves would bring the 50-day and 200-day moving averages closer together, potentially setting up a golden cross after the short squeeze.
Conversely, a renewed bearish condition could invalidate these projections. If this level breaks, the next major support could be at $26. This would negate the bullish thesis and reverse the month-and-a-half-long uptrend. A break of the $30 support could further erode market psychology, while a MACD upturn suggests mounting buying pressure that could gradually take hold.
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