Hyperliquid $HYPE Eyes Breakout as Bollinger Bands Squeeze Tightens Near $47

$HYPE’s price steadily climbs near $47 with Bollinger Bands tightening, indicating low volatility before a breakout.

Buyback activity remains strong, supporting the price amid recent consolidation around $40-$50.

Upcoming stablecoin USDH promises to fuel Hyperliquid ecosystem growth through buybacks and institutional bridges.

Hyperliquid $HYPE is tightening its Bollinger Bands near $47, hinting at a big move soon. Supported by strong buybacks and growing momentum, traders watch closely for a breakout. The price is $47.24 as at press,up 1.10% in 24 hours and nearly 6% over the past week.

Steady Uptrend with Consolidation Near Resistance

$HYPE moved up from under $10 in March to almost $48 by early September. It mostly stayed above the 20-day moving average, indicating solid buying strength. In May and June, $HYPE touched the upper Bollinger Band a few times, showing strong demand but also leading to small dips.

Starting late July, $HYPE traded between $40 and $50. The Bollinger Bands tightened, indicating lower volatility and a more stable market.The price kept testing the resistance near $48 but couldn’t break through, marking a clear ceiling at that level.

Bollinger Bands Loosen Up

Bollinger Bands are beginning to widen, suggesting renewed volatility.This squeeze is a classic sign that a price breakout is likely imminent.Market analyst Ali Martinez on X observed that,

Traders often watch such patterns for opportunities as a volatility expansion often leads to strong price moves. Additionally, the squeeze momentum indicator is showing bullish signals

Given the rising 24-hour trading volume of over $176 million and a 5.5% weekly price increase, $HYPE is poised for potential upward momentum.

Buyback Support and Institutional Growth Catalysts

Alongside technical signals, $HYPE has seen consistent buyback activity, which supports price stability and signals confidence from insiders. Average buyback prices have closely tracked the daily close, especially during the consolidation phase, helping maintain investor trust

On the institutional front, Paxos has proposed USDH, a fully compliant stablecoin integrated with Hyperliquid. This stablecoin aims to fuel ecosystem growth by using 95% of its interest to buy back $HYPE tokens and distribute rewards to users, validators, and partners

Paxos’ deep financial infrastructure and global partnerships could further bridge Hyperliquid to mainstream finance, adding a fresh catalyst for $HYPE’s price action.

The post Hyperliquid $HYPE Eyes Breakout as Bollinger Bands Squeeze Tightens Near $47 appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.