Hyperliquid price targets: can HYPE become the top altcoin of this cycle?
I closed my SOL long in profit recently. I also cut my BTC short. Sometimes I tweet when I close a trade, usually under the original post in the comments. I do that because some of you follow our trading content, and I think it is only fair to share when the thesis changes.
That said, you are still responsible for your own trades. Never follow anyone blindly. You need to understand the setup, the risk, and the reason for the trade. Otherwise, you are just copying entries without knowing when the story changed.
Today we look at HYPE.
And yes, this is definitely our favorite altcoin right now.
It is also probably our favorite farm of the past year.
For me, Hyperliquid has been the best crypto project of this cycle by a landslide. It has organic users, real trading volume, actual product-market fit, and it keeps growing even in a messy market. Very few altcoins can say that. Most still rely on token hype, recycled narratives, or temporary incentives. Hyperliquid feels different because traders are there for the product itself.
That matters.
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Why HYPE stands out in a weak altcoin market
Most altcoins still feel heavy. Some are good for a bounce. Some are fine for a scalp. But very few feel like they are building something that users truly want.
Hyperliquid does.
It is one of the clearest examples of crypto finding a real use case again. Traders want a platform that is fast, easy to use, and liquid enough to handle real size. They also want access to markets at any moment, especially when major headlines hit over the weekend. Hyperliquid gives them that.
That is why HYPE keeps separating itself from the average altcoin.
This is not just another token attached to a chain nobody uses. This is the token of a trading platform that has become a real destination for active users.
The main narrative driving HYPE
The biggest HYPE narrative right now is very simple.
Hyperliquid makes money when people trade.
And people trade even more when markets get wild.
That is why the recent macro chaos matters so much. When traditional markets are closed, Hyperliquid is still open. If oil spikes on a weekend, if war headlines hit overnight, if traders want exposure right away, they can move instantly.
That is a very powerful story.
Instead of waiting for Monday, traders can react in real time. That makes Hyperliquid more than just a crypto exchange. It becomes a 24/7 risk market for a world that no longer sleeps.
And in crypto, the best narratives are usually the ones tied to real behavior.
That is exactly what we are seeing here.
Hyperliquid is also becoming one of the rare projects where the token story actually connects back to platform performance. Revenue matters. Volume matters. User growth matters. New market listings matter. It is not just vibes.
That is why so many people see HYPE as the strongest altcoin story in the market.
Why the buyback story matters
One of the biggest reasons traders keep coming back to HYPE is the way the platform design rewards usage. The more Hyperliquid grows, the stronger the token story becomes. That is what makes it different from many altcoins that only move when the market gets euphoric.
A lot of traders love this setup because it creates a cleaner loop between real business activity and token demand. That does not mean price only goes up, of course. But it does mean HYPE has a stronger fundamental engine than most of the market.
This is why people compare it to some of the best exchange-token runs from previous cycles. Except this time, the whole thing is happening onchain and in public.
HYPE price levels to watch
For me, the chart is pretty simple.
The first major level that matters is the recent breakout area around $38.
That is the level bulls want to reclaim and hold with confidence. If HYPE starts closing strong above that area, then the next upside targets become more realistic.
Short term, I would watch these levels:
$38 to $42 as the first resistance zone, and potential retest if break out.
$44 as the next technical target if momentum keeps building
$48 to $50 as the next major barrier
$59 as the all-time high zone that everybody will watch
If HYPE starts trending with real momentum again, then a move back toward the old highs is not crazy at all. And if that level breaks in a stronger market, price discovery can happen fast.
On the downside, I would watch:
$35 as first support
$33 to $34 as the dip zone many traders are already watching
$29 as the more serious level that would damage the bullish structure
That is why I do not like chasing it here. HYPE has already outrun most alts. At some point, either the breakout continues, or late longs get punished.
Could HYPE dip first?
Yes, absolutely.
In fact, I think that is a very realistic outcome.
I have seen several respected traders and farmers predict a short-term dip into the $33 to $34 area. Some are trimming spot. Some are opening shorts. Others are simply waiting with cash on the side. That makes sense.
There is also been some talk around short-term sell signals after the recent move from around $30 into the high $38 area. After a rally like that, a cooldown would not be strange at all. If HYPE does dip, I would not automatically treat that as bearish. It may simply be the next reload zone before another leg higher.
That is important to understand.
A pullback after a strong move is normal. Especially when Bitcoin is near the top of its own range. If BTC pulls back, altcoins often follow. Even the strong ones.
So yes, HYPE can still be the best altcoin in the market and drop first before moving higher later.
Both things can be true.
The bigger upside speculation
This is where things get interesting.
There is now growing speculation that HYPE may still be undervalued if Hyperliquid keeps capturing more trading market share. Some analysts have started modeling much bigger upside scenarios, especially if the HIP-3 expansion brings in more markets, more trading activity, and more fee generation over time.
In the more conservative view, HYPE could still justify a move back toward previous highs and beyond if Hyperliquid simply keeps doing what it is already doing today.
In more aggressive models, the upside gets much larger.
Some frameworks suggest that if Hyperliquid captures a modest piece of the global trading market over the next few years, HYPE could eventually be valued much higher than it is now. In those scenarios, numbers like $60 or $70 are not treated as crazy. They are treated as logical next steps if platform revenue keeps growing.
Then you get into the more bullish projections.
If Hyperliquid keeps expanding, keeps dominating the onchain perp market, and keeps proving it can list and monetize more financial products, then triple-digit price targets start entering the conversation. Some of the most optimistic models even float HYPE in the $120 to $190 range over time.
To be clear, this is not a short-term price call and I am not saying HYPE is going there tomorrow. It is simply a valuation-based speculation built on the idea that Hyperliquid captures much more market share over time.
Still, it tells you something important. The market is starting to view Hyperliquid less like a random altcoin and more like an actual financial business with room to grow.
That is a major shift.
Arthur Hayes says $150, but take that carefully
Arthur Hayes has also been loudly bullish on HYPE again. His view is basically that if Hyperliquid keeps generating strong revenue, keeps attracting real traders, and keeps growing its market share, then HYPE could make a much bigger move than people expect.
That is the bull case.
Now the cautious note.
Arthur is smart. He often spots narratives early. But he has also been caught shilling a thesis and then dumping the same week. So yes, listen to the logic, but do not blindly trust the target.
Use his view as one piece of the bigger puzzle, not as your trade plan.
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My trading plan for HYPE
For now, I am not making a new trade. I already hold my HYPE spot bag, I am not looking to sell it here, and I plan to keep farming with that position.
But for trading, I would rather wait for a better setup than chase it after a strong run. HYPE has been one of the leaders. BTC is near the upper part of its range. That is not my favorite place to force a fresh long.
Could you argue for a short here?
Sure.
I would not hate that idea at all.
But if you short strength, use a stop loss. Do not be stubborn. Shorts can go wrong very fast when the market decides to squeeze.
For now, I prefer patience over action.
Important guide on how to create a real onchain identity to avoid disqulifications for airdrops.
DCA and position sizing
When I start DCAing Bitcoin spot again, HYPE will be the only altcoin I plan to DCA alongside it.
Probably in a 75/25 split.
So 75% BTC, 25% HYPE.
That is how strong I think this project is.
I really believe Hyperliquid is the killer alt project of this cycle. And if crypto gets a proper next-leg bull market later, I think HYPE could have one of those leader runs that people only fully respect after the fact.
Maybe a Solana-type run.
Maybe not as extreme.
But that is the category I place it in.
That being said, I still want to keep things simple. For spot investing, I do not think you need ten altcoins. One to three is enough. Then keep a separate trading budget for swing trades, hedges, and shorter-term setups.
Easy farm tip for HYPE holders
A very simple strategy is using HYPE/USDC liquidity pools.
Why?
Because it fits both the farming thesis and the accumulation thesis.
If price goes lower, you are effectively buying more HYPE over time.
If price goes higher, you are still participating in the move and taking profit through the structure.
And if we keep ranging for the next few months, which honestly would not surprise me at all, then you may collect fees while also staying active in the Hyperliquid ecosystem.
That matters.
In this market, getting paid to wait is a very underrated strategy.
And if Hyperliquid rewards ecosystem activity again in the future, being a liquidity provider usually results in a nice airdrop cheque.
Final words
HYPE is not just another altcoin to me.
It is one of the few tokens that actually feels backed by a real engine. Behind HYPE, you can see active users, strong trading volume, clear product-market fit, and serious revenue generation
That does not mean the chart only goes up. It does not. In the short term, I still think a dip to the low-$30s is very possible, especially if Bitcoin loses momentum from here.
But zoom out, and the bigger story still looks strong.
So my plan is simple.
Hold spot.
Farm with it.
Do not chase.
Wait for better trade locations.
And when the time comes to DCA Bitcoin again, add some HYPE too.
For me, that is enough.
In a market full of weak narratives, Hyperliquid still looks like one of the few projects actually earning the hype.
If you enjoyed this blog, check out our recent picks for airdrops to farm in March!
As always, don’t forget to claim your bonus below on OKX. See you next time!
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