Hyperliquid Price Outlook: HYPE Eyes 20% Bounce Following Major $130M Treasury Purchase

Hyperliquid (HYPE) is attempting a technical breakout just a day after its largest public treasury buyer added another 5 million tokens.

Falling Wedge Breakout Puts $36 in Focus

Hyperliquid’s HYPE token trades inside a falling wedge on the four-hour chart, a pattern that typically resolves to the upside once price clears descending resistance.

HYPE/USD has printed a sequence of lower highs and lower lows within converging trendlines, compressing volatility toward the wedge’s apex. Price now challenges the upper boundary while reclaiming short-term moving averages, shifting attention to a confirmed breakout.

The measured move from the wedge’s widest range projects a target near $36, roughly 18%–20% above current levels around $30.60. That level aligns with prior horizontal resistance, strengthening its technical relevance.

HYPE’s Relative Strength Index (RSI) has rebounded from mid-range levels and remains below overbought territory, leaving room for continuation. RSI shows no bearish divergence, keeping upside momentum intact for now.

As long as HYPE holds above the lower wedge boundary and nearby Fibonacci supports, the bullish structure remains valid.

Hyperliquid Strategies Adds 5M HYPE to Treasury

The technical setup coincides with a major treasury expansion.

Hyperliquid Strategies Inc., a Nasdaq-listed digital asset treasury firm, disclosed that it purchased 5 million HYPE tokens for approximately $129.5 million. The company now holds about 17.6 million HYPE as of Feb. 3, 2026.

Management stated that it aims to increase HYPE exposure per share and position the firm as a public-market proxy for the Hyperliquid ecosystem.

The purchase follows a volatile period. The company reported a $317.9 million net loss for the six months ended Dec. 31, 2025, including roughly $262.4 million in unrealized losses tied to HYPE’s price swings.

Despite that drawdown, it retains about $125 million in deployable capital and access to a $1 billion equity line of credit facility. The firm also repurchased around 3 million shares for $10.5 million, reinforcing its capital allocation strategy.

Together, the falling wedge breakout attempt and the expanded treasury position place $36 as the next key upside level if buyers sustain momentum.