Hyperliquid Just Broke Something And The Charts Are Shouting About $40

by

Hyperliquid (HYPE) has climbed to fresh highs for the first time since November, bringing the market’s focus to the next potential price target. Recent chart analysis shared by @ArdinNSC on X points to a developing continuation structure built on a local accumulation trend. With multiple upside levels already cleared, the technical framework now centers on whether the market can extend the move toward the next target.

Look, I’m not saying I spend my evenings staring at candlestick charts like some sort of digital monk, but if I did, this is exactly the kind of thing that would make me physically excited in a way that’s frankly embarrassing to admit in public.

Accumulation Curve Structure Drives Breakout Momentum

The chart posted by Ardin highlights a clear local accumulation curve that developed over several weeks. Instead of reversing sharply, Hyperliquid (HYPE) formed a rounded structure where price gradually transitioned from decline into recovery. This curved formation reflected a prolonged phase where buyers steadily absorbed supply, allowing the market to stabilize before advancing.

It’s basically the financial equivalent of someone slowly inching toward the last slice of pizza – calculated, patient, and ultimately satisfying when you get there.

As the accumulation process matured, HYPE’s price began pushing into higher levels that had previously acted as resistance. The first notable level sat near $36.50. Once this barrier was cleared, the upward move accelerated toward the next target positioned around $38.50.

Both levels were taken out within a short period, confirming that the earlier consolidation phase had evolved into a stronger expansion move. The breakout also coincided with price following the upward arc of the accumulation curve, reinforcing the idea that the structure served as a base for continuation rather than a temporary rebound.

With these resistance levels now behind the market, the chart shows Hyperliquid (HYPE) trading above them, effectively transforming former barriers into areas that could now support price during any short-term pullbacks.

It’s giving “we are absolutely not going back to those dark times” energy, and honestly? I’m here for it.

Hyperliquid (HYPE) Retest Zone Holds Key To $40 Target

With the initial targets already reached, attention has shifted to whether Hyperliquid (HYPE) can sustain its position above newly reclaimed levels. The chart outlines a highlighted retest zone slightly below the current price, marking an area where the market may revisit if momentum cools.

This region sits around the mid $34 range and represents the zone where earlier resistance could now act as support. In technical market behavior, such retests often serve as confirmation that a breakout is structurally sound.

Think of it as the crypto version of texting your ex to see if they still have your stuff. You don’t really want to do it, but you need to know where you stand.

If the market maintains stability above this support area, Hyperliquid’s (HYPE) accumulation curve suggests the trend may still have room to extend higher. Under this scenario, the next feasible upside objective identified in the analysis appears near the $40 level and potentially beyond.

At the same time, the chart outlines a secondary path for Hyperliquid (HYPE) if the market weakens. Losing the $36.50 level could trigger a move back toward a support zone around $34 to $35, where the chart suggests price may return for a structural retest if $36.50 fails.

For now, the structure remains centered on whether price can hold above recently reclaimed levels. Maintaining that footing keeps Hyperliquid’s (HYPE) pathway toward a $40 target aligned with the continuation structure that emerged from the earlier accumulation trend.

Will it happen? Will it not? Will I be refreshing this chart at 2am wondering where my life went? Only time will tell, my friends. Only time will tell.

Read More

2026-03-17 00:11