Hyperliquid Price Prediction: Trendline Retest Eyes $18 Upside

Hyperliquid has been one of the more closely watched perpetual DEX tokens this year. The next few hours could decide whether the current setup turns into a fresh leg higher or a sharper pullback.

Traders running the Hyperliquid price prediction models are watching one specific line on the chart right now, and the reaction around it is drawing attention across the derivatives market.

The trendline in question has been respected by Hyperliquid since mid-August. A retest of this trendline produced a new higher high, which shows buyers stepped in at the line rather than letting it fail, reinforcing the trendline's strength.

Price is currently trading near this ascending trendline on the 1-hour chart. If price sustains above $58.506 on this retest, the setup favors a breakout, with $63.465 as the first resistance and $69.051 as the next target on a stronger move.