DEX Adoption and HIP-3 Drive $200 HYPE Case Amidst Competition Challenging Hyperliquid's Lead
Hyperliquid's Growth Potential: Hyperliquid, a decentralized perpetuals exchange, is projected by Cantor Fitzgerald to see its HYPE token price surge to $200 by 2035, driven by the Hyperliquid Improvement Proposal 3 (HIP-3) and a growing market share of decentralized trading venues.
Market Dynamics: The market share of perpetual futures decentralized exchanges (DEXs) has increased significantly, from 2.1% in January 2023 to 11.7% in November 2025, indicating a shift towards decentralized trading platforms.
Emerging Competition: New competitors like Lighter DEX pose a significant threat to Hyperliquid's growth, particularly with their zero-fee trading model and anticipated token generation event (TGE), which could attract traders and market share.
Token Buyback Strategy: The HYPE token's valuation is supported by a buyback strategy from the Assistance Fund, which uses 99% of trading fees to repurchase tokens, potentially reducing supply and increasing demand over time.
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Technical Analysis for HYPE
Technical Sentiment Analysis for Hyperliquid (HYPE) As of , Hyperliquid (HYPE) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 4 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for HYPE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, HYPE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Hyperliquid (HYPE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 16.136 | 21.778 | 27.141 | 32.783 | 38.146 | 43.788 | 49.151 |
| Fibonacci | 21.778 | 25.982 | 28.579 | 32.783 | 36.987 | 39.584 | 43.788 |
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