Hyperliquid price is showing early signs of a bullish market structure shift after confirming strong demand at $28.40, setting the stage for a potential expansion toward higher levels.

Hyperliquid (HYPE) price action has entered a critical phase after reclaiming and successfully retesting a key high-timeframe support zone. Following a period of corrective consolidation, the market has responded with strong bullish impulses, suggesting that buyers are beginning to regain control. The $28.40 level, previously a major structural pivot, has now been confirmed as support, signaling a potential shift in the broader trend.

This development is significant, as market structure shifts often begin with decisive break-and-retest behavior at high-timeframe levels. With bullish momentum building and price holding above former resistance, Hyperliquid may be transitioning from a corrective phase into a new expansionary cycle.

Hyperliquid price key technical points

• $28.40 high-timeframe level has been reclaimed and retested, confirming strong demand
• Bullish engulfing candles signal impulsive buying pressure, supporting trend reversal
• Holding above support opens upside toward $48.02, the next major resistance

Hyperliquid’s recent price behavior has been characterized by impulsive bullish expansions, marked by strong bullish engulfing candles. These moves indicate aggressive buyer participation rather than slow accumulation, a key distinction when evaluating trend shifts.

After breaking above the $28.40 level, the price pulled back and reacted strongly from the value area high, confirming this region as newly established support. The first successful retest is often the most important, as it confirms whether former resistance has truly become demand. In this case, buyers stepped in decisively, reinforcing confidence in the bullish scenario.

This reaction suggests that market participants are willing to defend value above $28.40, shifting the balance of control away from sellers.

Liquidity sweep potential strengthens structure

One additional level to monitor closely is the 0.618 Fibonacci retracement positioned just below the current support zone. In many bullish structures, price briefly revisits this region to clear remaining sell-side liquidity before resuming its trend. A controlled retest of the 0.618 Fibonacci, followed by a strong bullish reaction, would further strengthen the case for a higher low.

Such behavior would confirm that the market has successfully absorbed supply and transitioned into accumulation above support. Importantly, this would solidify the shift in market structure from bearish or neutral to bullish.

Until that occurs, short-term volatility remains possible. However, as long as the price maintains acceptance above $28.40 on a closing basis, the broader bullish thesis remains intact.

Market structure shift opens upside expansion

From a market structure perspective, Hyperliquid appears to be transitioning into a higher-high and higher-low sequence. The impulsive nature of the recent move higher, combined with the successful support retest, suggests that the corrective phase may have concluded.

If price continues to hold above support and builds a higher low, the probability of a bullish expansion increases. In this scenario, the next major upside target sits near the high-timeframe resistance around $48.02. This level represents a prior rejection zone and is likely to act as the next area of supply.

A move toward this region would align with classic trend continuation behavior following a structural flip.

What to expect in the coming price action

From a technical, price-action, and market-structure perspective, Hyperliquid is positioned favorably as long as the $28.40 support level continues to hold. Short-term pullbacks remain healthy within bullish trends, particularly if they result in higher lows above key support.

For now, the evidence suggests that Hyperliquid has successfully completed a bullish retest and is beginning to shift the market structure. If buyers remain active, the path toward higher resistance levels remains open, with $48.02 emerging as the primary upside objective in the coming phase.