HYPE Price Projection – Identifying Critical Levels for Smart Trading

• HYPE defended $28 support, signaling potential continuation of bullish momentum.

• Lower transaction fees may boost trading activity and increase market volatility.

• $37.20 liquidity cluster serves as a key near-term target for traders.

Hyperliquid — HYPE, has captured traders’ attention again as buyers regain control of price action. The altcoin bounced sharply after testing key support around $28, signaling strong demand. Traders and analysts are now eyeing potential targets for the next leg of the bullish run. Understanding critical support and resistance zones can help plan entries, exits, and risk management. Here’s a closer look at what’s driving HYPE’s momentum and the levels that could matter most for smart trading.

Buyback efficiency is price-sensitive:

Higher HYPE price → fewer tokens repurchased

Lower HYPE price → more aggressive buybacks

Flywheel Effect:

More HIP-3 adoption → higher trading activity → more protocol revenue → larger buybacks

Hyperliquid! pic.twitter.com/BiTebCzkP2

— Hyperliquid Hub 🇻🇳 (@Hyperliquid_Hub) February 13, 2026

Trendline Support Holds Firm

HYPE recently tested an ascending trendline near $28. Buyers stepped in decisively, rejecting further dips. The move reinforced short-term bullish momentum and kept the price structure intact. Historically, this zone has acted as a solid defense against deeper corrections. Sellers attempted to push the price lower, but the market responded quickly. Long position takers showed strong activity at this rising support. When trendlines hold during pullbacks, it usually suggests continuation rather than breakdown.

The Stochastic RSI also bounced from an oversold area, supporting bullish expectations. This technical signal indicates that buyers may still dominate the near-term price action. Traders should watch for confirmation in follow-through buying. Sustained momentum above the $28 level could signal an extended run toward higher targets. Understanding the support level gives traders confidence in positioning without overexposure to short-term volatility.

Another factor supporting potential continuation comes from lower transaction fees. On-chain data shows fees have dropped sharply to around $2 million, reducing costs for acquiring the token. Lower fees often encourage trading activity, creating more liquidity and higher volatility. This combination could strengthen HYPE’s upward momentum. Traders who monitor fee trends alongside technical signals can gain better insight into market sentiment and timing.

Liquidity Cluster Around $37.20

Above current levels, HYPE faces a notable liquidity cluster around $37.20, valued at approximately $1.32 million. Markets are naturally drawn to liquidity zones. When volatility expands, prices often gravitate toward these points. A move to this cluster would not only test liquidity but also confirm strength above the recent support defense. Traders should keep this level in focus for potential profit-taking or breakout confirmation.

If buying momentum continues, $37.20 could act as the next logical target. Bulls currently hold the edge, but confirmation through follow-through trading is essential. Rising activity and continued trendline defense may accelerate HYPE’s ascent toward this zone. Monitoring both trendline support and liquidity clusters helps traders make informed decisions.

Combining technical structure with on-chain insights provides a more complete picture of the market. Volatility may expand as traders respond to lower fees and liquidity incentives. That creates opportunities for short-term traders and swing investors. Proper risk management around key levels ensures positions stay protected while allowing participation in potential gains.