Hyperliquid Set for Potential Surge to $32 if Resistance Level Breaks

Key Insights:

• Hyperliquid trades near $27.12, testing $30 resistance as analysts eye potential move toward $32 level.
• Holding above $27.5 keeps the rebound intact, while losing it exposes $26.5 and possibly $25.5 support.
• Trading volume cools to $246.77 million, down from late 2025 peaks near $1 billion.

Hyperliquid (HYPE) is testing a key resistance level as traders watch for a possible move toward $32. The token trades near $27 after a recent pullback, yet market analysts say a break above $30 could open room for further gains.

At the time of writing, Hyperliquid’s price stands at $27.12. The token is down 3.68% in the last 24 hours, and the 24-hour trading volume is about $257 million, based on market data.

HYPE eyes Resistance Near $30 as Support Remains in Focus

Hyperliquid price action shows a tightening range as it approaches upper-trend resistance. Altcoin Sherpa stated that if HYPE breaks the resistance level, it could rise toward the $30 to $32 range. He added that the broader market remains uncertain, but HYPE has shown strength in recent days.

Market analyst Zach Humphries also shared an update, indicating that HYPE is still trading inside a tightening structure. Humphries mentioned that this level may decide the next move, highlighting that moves at this point may be accepted and continue, or rejected and rotate lower.

According to Humphries, holding above $27.5 keeps the rebound structure intact, with a clean push above $29.5–$30.0 that could open room toward $32.0. He also outlined that if HYPE falls below $27.5, traders may watch $26.5 as the next support. A break below $26.5 could bring $25.5 back into focus.

Trading Volume Shows Market Cooldown

HYPE trading volume reached $246.77 million as of Jan. 27, 2026. This marks a cooldown from late 2025 levels. During September and November, daily volume often surged toward $1 billion.

The current volume suggests activity has normalized after months of heavy trading. Market turnover remains below prior peak levels, yet liquidity continues to support active price movement.

Hyperliquid remains within a defined structure as traders monitor resistance near $30. A confirmed break above this zone may set the path toward higher price levels, while failure to hold support could shift attention back to lower price levels.