The price of Hyperliquid’s native token, HYPE, recently retreated from its peak near $76-$77, but analysts maintain that the overall trend remains positive as long as key technical supports h
The price of Hyperliquid’s native token, HYPE, recently retreated from its peak near $76-$77, but analysts maintain that the overall trend remains positive as long as key technical supports hold.
On the 4-hour HYPEUSDT chart, market analyst CH_Indicator noted that HYPE continues to trade above the 200-period Exponential Moving Average (EMA), a widely watched indicator for medium- and long-term trend direction. According to CH_Indicator, this ongoing strength in the market structure indicates that bullish momentum remains intact.
The analyst identified a recent pullback towards $66.93 as a retest of multiple Fair Value Gaps (FVGs) created during HYPE’s earlier rally to $72. Fair Value Gaps are often seen in technical analysis as zones where the price may revisit to balance order flow and liquidity before undertaking its next move.
CH_Indicator stated,
The market is showing a solid macro bullish structure, heavily supported by the 200 EMA dynamic filter.
As long as HYPE maintains levels above its recent higher low, the bullish setup should remain valid. Technical weakness would be signaled by a decisive close beneath approximately $58.50, while a breakout above $77.50 could trigger the next expansion phase. Above that threshold, technical analysis points to a potential upside target between $89.00 and $92.50, where the next significant liquidity concentration is expected.
Mini dictionary: Fair Value Gap (FVG) — In technical analysis, an FVG is an area on a price chart where little or no trading occurred, often seen as a zone that prices may revisit to correct imbalances in liquidity.
Recent research from BSCNews, referencing data by ElanInsights, shows HYPE has significantly outperformed a basket of the top 10 cryptocurrencies over the past year. The divergence became especially pronounced in June 2026, as HYPE recorded an 88% gain, while the comparison basket saw a 39% decline for the same period.
Performance data indicates that since late January, HYPE’s upward trajectory has remained stronger than the broader market, even during periods of widespread weakness. The Hyperliquid protocol, a Layer-1 blockchain specializing in decentralized perpetual futures trading, continues to benefit from robust trading activity, token buybacks, and increasing institutional attention. With cumulative trading volume surpassing $1 trillion and recent inclusion in major crypto indices, the project’s prominence has grown steadily.
Mini dictionary: Hyperliquid — A Layer-1 blockchain network focused on decentralized perpetual futures trading. The platform is known for its strong trading activity and mechanisms that direct trading-fee revenue toward token buybacks.
AssetPerformance (June 2026)HYPE+88%Top 10 crypto basket-39%Technical analyst cryptoastro0x highlighted a narrowing price formation on HYPE’s daily timeframe, as converging trendlines signal lower volatility. The analysis points to the $70–$71 region as a hurdle that must be regained before tackling resistance near $75.30. A move above these levels would further validate the bullish scenario, particularly after HYPE broke out of a descending channel on the 4-hour chart.
For immediate support, the $65–$66 area is seen as critical. Should HYPE fall below this zone, risk of a correction towards $58–$60 would increase, in line with other analysts’ key invalidation levels. Rather than pre-empting the next trend, cryptoastro0x emphasized waiting for price confirmation before taking new positions.
According to TradingView’s technical summary, HYPEUSDT holds a “Buy” rating, underpinned by moving-average configurations across all time horizons, including the 10, 20, 30, 50, 100, and 200 periods. This alignment typically characterizes a market in a solid uptrend.
Momentum oscillators, such as the Relative Strength Index (RSI), MACD, Stochastic, ADX, CCI, and Williams %R, register neutral readings, hinting at a balanced standoff between buyers and sellers. TradingView did not provide individual numeric values for some indicators due to a closed market snapshot. Neutral readings suggest a potential consolidation phase after recent gains, leaving open the prospect of renewed momentum once a direction is established.
While HYPE remains above the 200 EMA and Technical Buy ratings persist, analysts see the token in the midst of a bullish trend, despite current consolidation. Multiple observers identify the present retest of the Fair Value Gap as consistent with a healthy pause in a larger uptrend, rather than the start of a reversal.
Key levels include support at $66–$67 and resistance at $70–$71. If HYPE can maintain support and produce a sustained move above $77.50, analysts are focused on the next possible target between $89.00 and $92.50. A closing price below $58.50, however, would negate the current bullish structure and prioritize a deeper corrective move.
The immediate focus is whether HYPE can defend support above $66 while reclaiming $70–$71, setting up for a decisive push toward the $77.50 breakout zone.
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