Hyperliquid price prediction focuses on whether HYPE can reach and hold $30 in January 2026 after an 8% weekly advance. The near-term outlook is shaped by bullish momentum and a scheduled 1.2 million HYPE distribution on January 6, 2026, a supply event that could test market depth.
Hyperliquid’s recent upside has several identifiable catalysts. The token recorded an 8% weekly gain, and the protocol carried out a $90 million token burn under its assistance program, which reduced circulating supply and supported price action, according to market reports. The platform claims a 19.5% market share in decentralized perpetuals trading, reinforcing its positioning.
Technologically, the project operates on a Layer‑1 chain marketed for high throughput and sub‑second finality, and it offers gas‑free transactions and EVM compatibility via HyperEVM—features that supporters point to as adoption levers.
Technical signals add conditional support. The Relative Strength Index (RSI) is reported near 54, a level consistent with neutral to mildly bullish momentum. Analysts referenced a possible upside scenario if price clears the 200‑period exponential moving average (EMA), with alternative technical projections placing targets in the $35–$40 range if key resistances break.
Supply shock and downside risk
The primary counterweight to bullish momentum is a concentrated unlock schedule early in January. On January 6, 2026, 1.2 million HYPE—valued at about $31.2 million in published estimates—will be released to team members as part of vesting arrangements, with further monthly distributions afterward. Market commentary warns that large, early‑month unlocks coincide with thinner post‑holiday liquidity and can amplify downward pressure. Some analyses project a bearish outcome for January, with one model suggesting a slide toward $19.35 by month‑end if the market fails to absorb the new supply.
Other risk vectors referenced by analysts include concentrated holdings by core contributors and the timing of liquidity, rather than protocol technology or user metrics. The presence of bullish technical formations on shorter timeframes does not eliminate the mechanical impact of a sizeable, scheduled increase in available tokens.
The path to a sustained $30 for HYPE in January 2026 looks conditional: short spikes are plausible under current momentum, but the January 6 unlock is a clear headwind that could preclude holding that level.
