Hyperliquid (HYPE) is trading at $49.29, having recently broken through the $51 resistance level, signaling strong buyer interest. Analysts predict a potential rally to $55 if the current bullish momentum continues. Since July, Hyperliquid has been forming higher lows, with the recent price action confirming a breakout near its $51 all-time high. Resistance levels are noted at $55, $57, and $60, while support is firm at $46 and $43. Market analyst Ali suggests that a confirmed breakout could propel Hyperliquid to $55, supported by technical indicators like the Relative Strength Index (RSI) at 58 and the Directional Movement Index (DMI), which favor bullish sentiment. Despite optimism, traders remain cautious of a potential pullback if momentum wanes.