Hyperliquid Price Prediction: HYPE Tests Key Breakout as $76 Resistance Comes Into Focus

• HYPE is trading under $76, and once there is a breakout in place, the door will be opened for the target between $95 and $100.
• Revenues have surpassed the $1 billion mark and buybacks are still on, as institutions added more HYPE tokens throughout 2026.
• Token unlock events and regulatory issues are among the main concerns for HYPE testing its all-time high levels.

The hyperliquid price of the HYPE coin is still under scrutiny following the coin’s trading at around $68.58 on July 5, having made gains of roughly 205% compared to its opening price around $25 in January 2026. At the moment, the token is trading under its all-time high price of $76.70 recorded in June.

Hyperliquid Price Prediction Signals Breakout Attempt

On the daily chart, HYPE appears to be forming a classic cup-and-handle pattern following its June surge. The token fell from its all-time high of around $76 to a low of approximately $52 in the second half of June.

Source: Trading View

Currently, HYPE is in the process of forming a handle below the resistance zone. As per the pattern on the chart, the formation of a breakout is yet to be confirmed since HYPE has not closed above $76.

 Until that occurs, the breakout attempt remains under observation rather than confirmed. If the pattern completes successfully, the measured move projects a potential upside target in the $95 to $100 range.

At the same time, moving averages continue to support the prevailing trend. The 20-day exponential moving average stands at $65.58, while the 50-day EMA is $61.14 and the 100-day EMA is $53.79.

Technical Observations

• Unconfirmed breakouts: The breakout is confirmed if the share trades above $76 and holds above the same level.
• Positive Trend: HYPE trading above all three levels of EMAs (20-day, 50-day, and 100-day EMAs).
• Support levels intact: The levels of 20-day and 50-day EMAs

Reduction in Circulating Supply Due to Revenue Growth

Activity on the protocol has been quite high in 2026. Hyperliquid surpassed $1 billion in protocol revenues on June 30, and its run rate was near $840 million annually.

As per the figures provided, around 97%-99% of the protocol fees are used for buying HYPE tokens using the buyback mechanism of the platform. This has helped in taking out more than 41 million HYPE tokens worth more than $1 billion from circulation, which is equal to 4.2% of total supply.

In terms of trading, the numbers have also been huge. Hyperliquid recorded around $492.7 billion of trading volume in Q1 2026 and was ranked under Coinbase in terms of trading volume figures during the period.

As per the operational figures of the platform, Hyperliquid has accounted for 60% of global on-chain derivatives open interest while processing around 200,000 trades per second.

Additional market activity emerged during the period of geopolitical tensions involving the United States, Israel, and Iran.

 TD Securities reported that oil perpetual futures volume on Hyperliquid increased from approximately $25 million to more than $550 million across three weekends, while the platform reportedly priced nearly 80% of the subsequent move in WTI crude before CME reopened.

Key Highlights

• Further revenue growth: Hyperliquid has surpassed the level of $1 billion in protocol revenues with a run rate of nearly $840 million annually.
• Further decrease in supply due to buybacks: Almost 97% to 99% of the protocol’s revenue is used for HYPE buybacks, which resulted in burning more than 41 million tokens.
• More institution involvement: The launch of the ETFs, staking, and treasury allocation contributed to the greater involvement of institutions during the first six months of 2026.

Institutional Involvement in 2026

During the first six months of 2026, institutional participation continued in different ways. Bitwise Hyperliquid ETF was launched on May 15, 2026, and became one of the first ETFs of this type in the USA. 

The product includes staking of its portfolio and the spot HYPE exchange-traded funds attracted about $111 million of inflows until June 30. During the same period, Bitcoin and Ethereum ETFs had net outflows.

Bitwise also deposited approximately 1.775 million HYPE, valued at around $114 million, into the Hyperliquid protocol and staked those holdings.

Separately, Coinbase designated Hyperliquid as its official USDC treasury deployment platform, directing stablecoin treasury reserves through the network.

Grayscale has also compared valuation metrics, estimating that HYPE traded at roughly 14 times earnings, compared with reported multiples ranging between 35 and 50 times for Robinhood and Interactive Brokers.

 Its HYPG ETF, launched with a 0.29% expense ratio, reportedly absorbed more than 1% of HYPE’s market capitalization through the U.S. ETF demand.

In addition, Nasdaq-listed Hyperliquid Strategies said it held 20 million tokens HYPE and made a profit of $152.5 million amid its rise of 44 percent over the first quarter of 2026.

Hyperliquid Price Prediction with Token Unlock and Regulatory Risks

While the technical strength has been evident, there are still a few factors that need to be kept in mind.

The most immediate factor is that of July 6 token unlock. Earlier monthly unlocks have represented more than $300 million in notional value.

By mid-2026, over 61% of the total one billion HYPE tokens were still locked, with monthly vesting to continue into 2027. The increase in the supply from each release creates constant selling pressure on the market.

Furthermore, regulatory events are also relevant to the overall market context. Both CME and ICE asked for a regulatory review of Hyperliquid in relation to the possibility of market manipulation and compliance with sanctions. Singapore has listed the exchange in the Investor Alert List.

From a technical perspective, the $76 resistance level remains the primary threshold. If HYPE records a confirmed breakout above that level, the cup-and-handle pattern would be completed, with the measured objective pointing toward the $95 to $100 range.

However, if resistance continues to hold, technical analysis identifies the $60 to $65 area as the next region where price could stabilize before another attempt to challenge the previous all-time high.

FAQs

What is the current Hyperliquid price prediction?

The current price forecast for Hyperliquid relies on the breakout of the $76 level on a daily basis. In case that happens, and the level is retested, a move up to the $95-$100 zone could be seen based on the cup-and-handle pattern.

Why is the $76 level significant for HYPE?

The level $76 is the previous high price level that has been achieved by Hyperliquid and is also the handle of the cup and handle formation. Technical analysis indicates that a breach of this level is important for validating a breakout pattern.

What are the key support levels for Hyperliquid?

The nearest support level lies on the 20-day EMA at $65.58, while the next one is on the 50-day EMA at $61.14. Both EMAs have been below the current price during the latest uptrend.