TL;DR:
- Current Performance: The asset is trading at $36.91 with a 6.50% gain in 24 hours, defying the general market’s bearish trend.
- Technical Projection: A consolidated breakout above $37 would trigger a 30% rally, with a price target set at $48.
- Network Metrics: Total Value Locked (TVL) in Hyperliquid has climbed from $4.247 to $4.507 billion so far in March 2026.
While the global crypto market faces headwinds, HYPE maintains an upward trajectory that appears to be the prelude to a massive price movement. In recent sessions, the asset has demonstrated remarkable resilience against external volatility.
Investor interest is clear, especially following a 45% increase in trading volume, reaching $451.98 million. Technically, the Relative Strength Index (RSI) stands at 67.31, suggesting the asset still has room for growth before entering overbought territory.
Market Analysis and Liquidity in Hyperliquid
Capital flow into the protocol remains steady, as shown by the Chaikin Money Flow (CMF) at 0.17, a clear signal of sustained buying pressure. However, data from Nansen reveals that the top 100 wallets have reduced their positions, introducing a note of caution.
On the other hand, CoinGlass liquidation maps show robust confidence in the $34.90 support level, where leveraged long positions worth $20.39 million are concentrated. In contrast, short positions total barely $7.99 million near the current resistance.
In summary, despite potential profit-taking by whales, derivative indicators and the rising TVL support a bullish structure. If HYPE manages to close daily candles above key levels, the path toward $48 appears clear for the coming days.
