Hyperliquid Price Prediction – Why HYPE Could Rally to $36 Soon

Highlights:

• HYPE is trending towards the $28.29 resistance
• Rally through this resistance could send HYPE to $36
• Rising demand for the Hyperliquid platform could send HYPE to $36

Hyperliquid (HYPE) is one of the top-performing cryptocurrencies in the day. On a day that most top 100 cryptocurrencies are barely moving, Hyperliquid is up by 21.74% to trade at $26.95. At the same time, trading volumes are surging. They are up by 93.31% to stand at $414.96 million. 

Hyperliquid’s rising trading volumes alongside the price are an indicator that buyers are taking control and that the price could be headed significantly higher. There are a couple of factors that support not only the current momentum but also potentially more gains going into the future. 

Open Interest In Hyperliquid Decentralized Platform On the Rise

One of them is the fact that open interest in Hyperliquid’s HIP-3 decentralized exchange is on the rise. Data shows that open interest in the exchange currently stands at $790 million. This is a 200% increase compared to December 2025.

The surge in investor interest in the Hyperliquid decentralized platform is naturally giving value to the HYPE token. That’s because it is the native token of the Hyperliquid platform and is used for fees. As such, the more investors are interested in trading on the Hyperliquid platform, the higher the value of HYPE continues to rise.

🔥 HYPERLIQUID IS COOKING

📊 HIP-3 DEXs just smashed a new all-time high open interest of $790M – up from $260M just a month ago – fueled by a massive surge in commodities trading (gold/silver ripping to new highs!). pic.twitter.com/zG7fRtYaB7

— Keilan (@NjengaKeilan) January 27, 2026

Macro Environment Supports A Rally for Hyperliquid

The macro environment also supports a continuation of investor demand in the Hyperliquid platform. In times of macro stress when the odds of market volatility rise, investors tend to prefer DEXs over CEXs. That’s because they are more transparent on issues such as liquidations when prices are moving erratically. The past month has been full of events that have pushed traders to DEXs. These range from the US invasion of Venezuela to the threat of a forceful takeover of Greenland. Factors that can trigger extreme volatility remain. 

One of the big ones is the upcoming meeting of Federal Reserve policymakers. Depending on how the Fed moves on interest rates, cryptocurrency prices could swing erratically and trigger forced liquidations, or even frozen price charts when dealing with centralized exchanges.

As such, more investors are moving to DEXs. Given that Hyperliquid is one of the largest Decentralized Exchanges in the market today, it continues to attract a sizeable chunk of these volumes. As such, the value of HYPE, the token that underpins the Hyperliquid ecosystem, could continue to rise as demand goes up.

🚨 NEXT WEEK IS INSANE FOR MARKETS

MON → FED GDP
TUE → LIQUIDITY INJECTION ($8.3B)
WED → RATE DECISION
THU → U.S. BALANCE SHEET
FRI → FOMC PRESIDENT SPEECH

VOLATILITY EXPLOSION INCOMING
BULL RUN SETUP IS HERE pic.twitter.com/t8BGUY7qqy

— ToraX (@torax_fi) January 25, 2026

Whales Loading Up On HYPE And Sending It to Cold Storage

HYPE is also being sent higher by whale behavior. Data shows that recently, whales have been loading up on HYPE. Even bigger is that they are not only buying HYPE, but sending their tokens into cold wallets.

Such behavior usually points to a bias for long-term holding and helps draw in retail capital into HYPE. That’s because when smart money is buying to hold long term, retail investors gain confidence that the token has good prospects going into the future. With prospects high for an HYPE ETF in the foreseeable future, the momentum around it could remain high. Analysts project that HYPE could be headed back to its recent all-time highs in the foreseeable future. 

🕵️ A wallet "0xd4d" received 465,000 $HYPE ($10.32M) from Galaxy Digital OTC 2 hours ago.

This wallet also received 56.12M $ENA ($24.76M) from Ethena Lab Wallet 2.5 months ago but is now worth $9.32M, resulting in a loss of $15.44M. pic.twitter.com/riDUpOvJHp

— Temitope Owoseeni💎 (@owoweb3) January 26, 2026

Technical Analysis – HYPE Trending Towards Critical Resistance

HYPE is currently pushing towards the $28.29 resistance. If bulls push HYPE through the $28.29 resistance, a rally to $36.12 could follow. On the other hand, if bulls fail at the $28.29 resistance, a correction back to $20.87 could follow.

Of these two scenarios, the odds are higher for a HYPE rally to $36.12. That’s because of the strong demand for the Hyperliquid exchange, which by extension means growing demand for the HYPE token. A rate cut in the US could also uplift the broader market, and that, alongside it, HYPE.