Hyperliquid (HYPE) has faced a lack of bullish momentum since the start of the year. Despite brief rallies, it has struggled to break through key resistance levels. 

Enthusiasts remain optimistic, especially since the token distancing itself from Bitcoin’s broader trends positions HYPE for potential future gains.

HYPE Has A Shot At Breakout

Despite the recent lack of price action, HYPE’s funding rate remains positive, signaling traders’ continued optimism. Many traders have maintained long contracts, anticipating a price recovery. This positive sentiment is crucial for supporting a potential rally and preventing the token from seeing significant declines in the near term.

This optimism suggests that HYPE’s traders are confident about its potential for upward movement, even though the token has been underperforming. The persistence of long positions also shows that traders are betting on a rebound. If this sentiment is sustained, it could help HYPE maintain a stable price floor and set the stage for future growth.

HYPE’s correlation with Bitcoin has been negative, which adds complexity to its market outlook. While Bitcoin has been struggling to maintain support above $100,000, it still presents a bullish outlook. However, HYPE’s decoupling from Bitcoin means that it may not capitalize on Bitcoin’s potential rally, especially with the recent decline in correlation.

The weakening of this correlation could make HYPE more vulnerable to corrections, as its price may not be as responsive to Bitcoin’s moves. If Bitcoin continues to show strength, HYPE’s lack of correlation could lead to further struggles, hindering its ability to break past crucial resistance levels.

HYPE Price Prediction: New High In Sights

HYPE has been stuck in a consolidation range since the beginning of 2025, oscillating between $19 and $27. This range-bound trading suggests that the altcoin is waiting for a breakout. A push above $27 could signal the start of a rally, but the lack of momentum has kept it from making significant gains.

A potential rise toward $32 is within reach if HYPE manages to breach $27 and hold above that level. Achieving this would mark progress toward breaking the all-time high (ATH) of $42, with a 63% rise needed to reach that level. If $32 becomes a support floor, a new ATH could be in sight.

However, if HYPE fails to breach $27 and instead loses support at $23, the price could fall back to $19, continuing its consolidation. This would invalidate the bullish outlook and signal that HYPE may need more time to recover and gather momentum for a more significant rally.

The Shiba Inu (SHIB) ecosystem announced a strategic partnership with the United Arab Emirates (UAE), suggesting blockchain integration at a federal level.

This partnership marks a milestone in global crypto adoption, making the UAE the first nation to fully embrace blockchain nationally.

Shiba Inu Secures Government Blockchain Integration

Based on the announcement, UAE’s Ministry of Energy and Infrastructure (MoEI) officially selected Shiba Inu as a key partner in advancing Web3 solutions across energy, infrastructure, and public services. The collaboration will unify Shiba Inu’s Operating System (ShibOS) across all Emirates, streamlining government services through decentralized solutions.

His Excellency Eng Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs at MoEI, articulated the partnership’s significance. He cited the UAE’s focus on novel digital services to transform government deliverables.

“By embracing emerging technologies, we aim to set a global benchmark for innovation, delivering transformative solutions that benefit both our citizens and the wider community,” the Undersecretary stated.

Shiba Inu’s lead developer, Shytoshi Kusama, reiterated the partnership’s potential to transform government services. According to Kusama, the integration would redefine how governments, businesses, and citizens collaborate in a transparent, eco-friendly digital framework.

He also explained the partnership’s role in unlocking Shiba Inu’s strong Web3 technologies, from AI to Fully Homomorphic Encryption (FHE). Notably, this includes Shiba Inu token (SHIB), Bone ShibaSwap (BONE), Doge Killer (LEASH), and Shiba Inu Treat (TREAT).

While the four tokens surged following the report, the impact was subdued as token holders cashed in on the gains.

Meanwhile, this landmark agreement adds to initiatives the Shiba Inu network is taking to expand its ecosystem. The project introduced WHY Combinator three weeks ago, an incubator designed to accelerate Web3 innovation and boost BONE utility.

On the other hand, the UAE has solidified itself as a leading jurisdiction for crypto and blockchain adoption. Beyond its partnership with Shiba Inu, the region has embraced AI-driven policymaking, paperless government services, and digital transformation at an unparalleled scale.

Four months ago, the UAE further set the stage for a crypto boom by introducing a new tax exemption policy, attracting blockchain enterprises and investment into the region. Among them is the Aptos Foundation, which recently expanded its blockchain presence in Abu Dhabi.