Hyperliquid (HYPE) is eyeing a potential move towards €49 as its HIP 4 prediction markets generate significant traction, with over $26 million in weekly volume. Despite a recent 1.69% dip to $43.08, analysts maintain a bullish outlook, emphasizing the importance of key support levels near the 21-day moving average and €33. Michaël van de Poppe highlights the platform's strength in perpetual trading and the potential for increased liquidity in the broader crypto market. The platform's ecosystem is bolstered by the successful launch of HIP 4 prediction markets, which recorded 367,000 trades and over 5,400 unique traders in its first week. Projects like Outcome.xyz and Markets.xyz are expanding the network's offerings, while the HIP 4 framework's requirement for staking one million HYPE tokens is expected to drive long-term demand. Analysts suggest that maintaining higher lows is crucial for confirming a bullish trend continuation.