Hyperliquid (HYPE) Sets Sights on $26.5 — Could Whale Activity Spark Market Speculation?

Jakarta, Pintu News – After more than five months of inactivity, a “crypto whale” re-entered the HyperLiquid market by adding $2.5 million in USDC and began accumulating HYPE tokens.

Whale Goes Hyperliquid

According to OnChainLens’ report, a total of $1.73 million has been used to purchase 69,975 HYPE coins, leaving $765 thousand in USDC to continue purchases through HyperBot.

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Experts say that large whale trades like this are usually the first sign of significant and volatile price movements. With the remaining USDC funds at their disposal, traders are now closely watching HYPE’s movements as this large transaction has once again drawn attention to the token.

Breakout Above 26.5 Could Signal Next Long Opportunity

However, a crypto analyst revealed that HYPE is starting to attract attention amidst volatile market conditions, although it is still important to be cautious. Currently, the price is still slightly below the important resistance level of 26.5, which makes investors hesitant to go long.

Until there is a clear breakout and the price can hold above that level, long positions are still considered speculative.

If HYPE manages to break and hold above 26.5 on the back of good momentum and trading volume, the situation could change drastically. Confirmation of the breakout could be a solid long entry opportunity, both on the retest and at the breakout point itself, with initial targets at the 30 level.

However, it is worth observing whether the movement continues as a confirmation of a new upward wave.

Read also: Crypto Market Set for a Bullish Breakout? Here’s What to Look For

HYPE Technical Analysis Shows Stabilization Before Next Move

Technically, the price movement showed a strong downward trend from October to December.

Currently, HYPE had peaked in the mid-40s before dropping back and testing the breakout zone at 24-25. Recent price movements show consolidation or sideways movement, which indicates that selling pressure is starting to ease, although prices are still below the strong resistance area above the 30-34 level.

The momentum indicator is showing early signs of stabilization, but does not yet indicate a reversal. The MACD indicator is starting to curve upwards, and its histogram has also turned positive – this indicates that momentum is starting to strengthen, although its position is still below zero.

The RSI (Relative Strength Index) is in the early 40s and has started to rise after touching the oversold area, but it is not strong enough to support the continuation of the bullish trend.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Tron Weekly. HyperLiquid HYPE Eyes 26.5% as Whale Accumulates. Accessed on January 5, 2026