In recent sessions, Hyperliquid (HYPE) has mostly traded sideways around the $30 level, showing a clear accumulation phase following the previous period of strong volatility. On the technical chart, the price is forming a symmetrical triangle pattern — a structure that often signals the potential for a volatility breakout once the consolidation phase ends.
Notably, the market remains quite cautious at the moment, making HYPE’s next short-term direction difficult to predict.
$2.8 Million Short Squeeze – A Potential Catalyst
One factor that could trigger a strong upward move for HYPE is the growing risk of a short squeeze.
According to liquidation heatmap data, around $2.81 million in short positions would be liquidated if the price of HYPE surpasses the $35 level. When this happens, traders who are shorting the asset would be forced to close their positions by buying back the token, creating sudden buying pressure that could push the price up rapidly within a short period of time.
However, this scenario will only materialize if new capital flows into the market. If investor interest does not improve, HYPE may remain “trapped” in the current accumulation range rather than breaking out.
Weak Capital Flow Increases Market Caution
From a technical perspective, HYPE’s money flow signals are showing some less-positive signs. The Chaikin Money Flow (CMF) indicator has fallen below the zero level, reflecting that capital outflows are currently outweighing inflows.
This suggests that market demand is temporarily weakening and also reflects investors’ cautious sentiment amid the unpredictable volatility of the crypto market. When price action is not supported by strong capital inflows, the chances of sustainable short-term growth become more challenging.
Possible Scenarios for HYPE
At the moment, HYPE continues to move within the range of the symmetrical triangle around the $30.78 level.
If it fails to break above the $33 resistance, selling pressure could push the price back below $30.
In a more negative scenario, HYPE could retreat to $28, a key support level corresponding to the 61.8% Fibonacci retracement.
If this level is also broken, the price may fall further toward $25, or even $20.
On the other hand, if market sentiment improves and buying pressure returns, a breakout above $33 could open the door for a move toward $36. At that point, a large-scale short squeeze could be triggered, becoming a catalyst that helps HYPE reverse its trend and enter a strong recovery phase.
#CreatorpadVN @Binance Vietnam
