After rebounding from the August low of $35.53, HYPE price is consolidating at $43.57 ahead of August 11. The market faces a decisive resistance at $44.40, which aligns with the 0.618 Fibonacci retracement and a daily supply zone. Price action over the next 24 hours will depend on whether buyers can break this barrier and target $46.81 or if sellers regain control to force a retest of nearby supports. What’s happening with Hyperliquid’s price? Hyperliquid price dynamics (Source: TradingView) On the daily timeframe, HYPE price today has broken above a descending trendline from the July high but remains capped by $44.40. Beyond this, the $46.81 (0.786 Fib) and $49.88 swing high are the next resistance levels. Support rests at $42.72 (0.5 Fib), $41.03 (0.382 Fib), and $38.48, the level of the last major Change of Character (CHoCH) in the Smart Money Concepts (SMC) chart. The Parabolic SAR on the daily sits at $36.41, marking a key invalidation zone for higher-timeframe longs. Hyperliquid price dynamics (Source: TradingView) SMC analysis shows a weak high between $44.40 and $49.88, suggesting liquidity sits above these levels. A confirmed Break of Structure (BOS) above $44.40 would likely draw price into this zone. On the downside, a break below $38.48 would shift the daily structure bearish and open the path to $36.41, where the Parabolic SAR aligns with deeper support. The daily DMI reading shows +DI at 15.83, -DI at 15.17, and ADX at 23.32, reflecting weak directional conviction and a potential range-bound environment. HYPE Spot Inflow/Outflow Data (Source: Coinglass) From the flow side, spot netflows show a $426.58K outflow on August 10 while price traded at $43.58, hinting at profit-taking pressure after the recent rally. Short-term momentum and indicator signals Hyperliquid price dynamics (Source: TradingView) Lower-timeframe momentum is neutral to mildly bearish. The 30-min RSI at 46.15 is below the neutral line, suggesting buyers need stronger inflows to regain control. The MACD histogram remains barely positive at 0.009, but the lines are under the zero axis, limiting upside conviction. Hyperliquid price dynamics (Source: TradingView) On the 4H chart, price holds above the Supertrend support at $41.00 and the bull market support band top at $40.75. These levels form the main pivot for sustaining short-term bullish momentum. HYPE price prediction: short-term outlook (24h) Hyperliquid price dynamics (Source: TradingView) Bullish case: A daily close above $44.40 would confirm a BOS and expose $46.81 as the first upside target, followed by the $49.88 swing high. Invalidation lies at a close below $42.72, which would weaken bullish momentum. Bearish case: A rejection from $44.40 with a break below $42.72 could send price to $41.03–$40.75. A deeper breakdown under $38.48 would likely accelerate toward $36.41 support. Given the alignment of higher-timeframe structure and 4H Supertrend support, bias is cautiously bullish, but overhead liquidity between $44.40 and $49.88 means momentum will need a clear volume push to sustain gains. Forecast Table Indicator/Zone Level / Signal Current Price $43.57 Resistances $44.40, $46.81, $49.88 Supports $42.72, $41.03, $40.75, $38.48, $36.41 RSI (30-min) 46.15 RSI (Daily DMI) +DI 15.83, -DI 15.17, ADX 23.32 MACD (30-min) Line -0.090, Signal -0.099, Hist 0.009 Supertrend (4H) $41.00 SAR (Daily) $36.41 Pattern Breakout attempt above descending trendline Liquidity zones Weak high $44.40–$49.88, Demand $38.48, $36.41 Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.