Hyperliquid (HYPE) is holding strong above its previous all-time high and consolidating for over seven weeks, signaling a potential breakout.
The technical outlook shows potential for a breakout above $44, targeting the $50 to $55 range, supported by a clean uptrend and solid fundamentals.
The selling order book on HYPE is thinning out, with a significant decrease in the sell wall at $50, indicating a shift in momentum favoring the bulls.
Hyperliquid's price analysis indicates the formation of an ascending triangle, with a breakout above $44 potentially leading to new all-time highs, aligning with a bullish price prediction of a $100 billion market cap.