Hyperliquid Price Forecast – Why HYPE Could Rally Back to $44 Soon

Highlights:

• Hyperliquid is among the altcoins holding up well in a bearish day for cryptocurrencies
• HYPE only dropped 2% after news that Israel had attacked Iran
• Price action points to underlying strength and could trigger FOMO buying 

Hyperliquid (HYPE) is in a correction today, reflecting what is happening across the cryptocurrency market. When writing, Hyperliquid was down by 2.10% to trade at $39.76. While the price has decreased today, Hyperliquid’s trading volumes have shot up in the day. When going to press, HYPE’s 24-hour trading volumes stood at $684 million, up by 55.25% in the day. This indicates a surge in trading activity, possibly from those in profit closing their positions. It could indicate short sellers moving in anticipation of a price correction, given the substantial price rally HYPE has recently experienced. 

Hyperliquid Price Drops as Geopolitical Tensions Trigger Flight to Safety

While such trader activity is part of HYPE’s intraday price action, the most significant impact comes from the geopolitical environment. In the last 24 hours, Israel has carried out a massive military campaign against Iran. The event led to a rush to safe-haven assets. Since the cryptocurrency market is considered a high-risk market, it has taken a hit after the attack. Hyperliquid, like other cryptocurrencies, has not been spared, as evident in its correction from $43 to its current trading price of $39.

Breaking! Israel Officially Strikes Iran, Gold, Crude Oil Instantly Skyrocket! Gold breaks through $3,410 / ounce, hitting a new high since 8 May. Today is destined to be an ordinary day! Gold is expected to rise unilaterally! Close your eyes and keep buying trades! New highs… pic.twitter.com/e3iXWGc8Of

— XAUUSD (Gold) – Traders (@TradersXauusd) June 13, 2025

HYPE Reaction to Geopolitical Events Better Than Most Altcoins

However, compared to most altcoins, HYPE’s correction is minor. The average altcoin today is down by over 10%. That’s despite the fact that they have not gained much in value recently. HYPE, despite its recent price pump from $10 to $43 has only experienced a 2% after a major macroeconomic event. This is a bullish signal for HYPE because it indicates that its price is driven by much more than FOMO. This could drive investor confidence in HYPE and help push the price to new highs soon as investors see Hyperliquid more as a business than just speculation.

HYPE Core Fundamentals Increasingly Drawing In Investors

The perception of Hyperliquid as a valuable asset to buy and hold is enhanced by the fact that the profits are distributed to HYPE token holders. In the past 30 days, more than $60 million has been distributed to HYPE holders. This will likely see more investors seeking a mix of risk and passive income gravitate more towards HYPE in the short term. This could cause the price to rise despite the overall weakness prevailing in the altcoin market.

Hyperliquid Morning!

The Assistance Fund bought back $1.1 Million of $HYPE Yesterday.

Token burn has increased to 1000 $HYPE / Day

Thanks to the new fee structure that started on 05.05 Hyperliquid makes 20% more money on the same volume.

This leads to more $HYPE being… pic.twitter.com/lJz607Y0Fg

— Tobias Reisner (@reisnertobias) May 7, 2025

Bitcoin Price Action Could Aid In HYPE’s Rebound

HYPE also stands to benefit from Bitcoin’s stability in the last 24 hours, when geopolitical tensions have shot up. In the past, such tensions have led to significant corrections in the price of Bitcoin. This time, the correction is minor, and Bitcoin already appears to be finding a floor around $104k.

If this means the geopolitical events from earlier in the day have been priced in, Bitcoin could rally back to $110k. This will likely trigger a buy-the-dip frenzy in altcoins. HYPE, being one of the strongest altcoins in the market today, could record an above-average return in such a scenario.

Technical Analysis – HYPE Trending Towards Intraday Resistance

After a correction earlier today, HYPE found a strong price floor at $38.15 and is rebounding. However, it has hit strong resistance at $40.41. If bulls take control and push HYPE through the $40.41 resistance, a rally back to the 48-hour high of $44 could follow. Two scenarios could play out if bulls fail at the $40.41 resistance. 

The first is a possible consolidation between the $40.41 resistance and the $38.15 support. However, if bears take control and push HYPE through the $38.15 support, a correction to $34.92 could follow. With Bitcoin appearing to stabilize, a Hyperliquid price rally through $40.41 resistance is a likely short-term scenario.