Hyperliquid (HYPE) has witnessed remarkable growth, surging over 105% in value within a single month. This renewed momentum has reignited bullish sentiment, driving daily gains of 5.39%. Technical analysis suggests a well-defined ascending triangle pattern with resistance at $26-$28 and a target around $33-$35. On-chain volume, recently rebounded to $5.27B on May 6th, indicating renewed trader participation and liquidity inflow. Heavy long liquidation zones between $50K-$82K and short squeeze risks above $103K are indicators of potential volatility spikes. With the current bullish momentum and pattern strength, HYPE could retest its ATH of $35 within the next 4-6 weeks if resistance converts to support.