Hyperliquid (HYPE) Price Prediction: HYPE Eyes Parabolic Move as Price Reclaims Key Levels

Hyperliquid just crossed a major milestone, $1.1 billion in annualized revenue, while price action consolidates at crucial support. The momentum may have slowed on the chart, but under the hood, fundamentals are heating up fast.

Hyperliquid just hit $1.1B in annualized revenue for July, growing 40% month-over-month, an impressive fundamental backdrop as HYPE consolidates on the charts. The market cap to revenue ratio (MC/Rev) is now back to 11.2x, a sharp rebound from its 7.2x low in April. As Jon Ma notes, this puts Hyperliquid in a strong position compared to fintech and crypto peers.

Hyperliquid’s revenue surges to $1.1B annualized, signaling strong fundamentals. Source: Jon Ma via X

• Revenue growth: +40% MoM, now at $1.1B annualized
• MC/Rev compression: Back to 11.2x, offering relative value
• Comparables: HOOD at 23.4x, SCRL at 42.6x, Hyperliquid still looks underpriced

If the market starts pricing in this growth properly, it could provide a more stable floor, or even fuel the next leg up.

While the fundamentals continue to strengthen, the chart is now setting up for a potential technical bounce. The $34 region, highlighted by Crypto Anbu, sits neatly between the 0.768 and 0.886 Fibonacci retracement levels.This is often the kind of deep retracement where trend-followers look to reload.

Hyperliquid taps the golden pocket near $34, a key Fibonacci zone where bulls are eyeing a technical rebound. Source: Crypto Anbu via X

If price holds this area and confirms with a daily close above the box, it could mark the beginning of the next leg higher. Structurally, it’s a sweet spot that aligns with the previous all-time high structure, giving it more weight as a support shelf. If lost, however, it becomes a clear invalidation level, simple, clean, and technically sound.

Following the recent dip into the $34 to $32 golden pocket, Hyperliquid is now testing the 200-day EMA, a level that often serves as a crucial pivot in trending markets. This long-term moving average has historically helped define macro bottoms in strong assets, and the current bounce attempt from this region hints at growing technical interest. The uptick in volume at this support area further supports the notion of dip-buying activity from patient bulls.

Hyperliquid tests its 200-day EMA as volume rises, signaling possible accumulation at a key long-term support zone. Source: Altcoin Sherpa via X

Altcoin Sherpa notes that while the midterm upside might be more measured, the long-term trend remains constructive. The combination of higher time frame support and fundamental growth makes this zone a natural candidate fothe r price to stabilize. If the 200EMA holds and accumulation continues, it could serve as the foundation for a slow grind back toward previous highs

The latest projection from Atrades_02 paints a bold but technically grounded outlook for Hyperliquid, with a clean parabolic setup targeting the $260 to $300 zone. After reclaiming the $38 level and bouncing from both the golden pocket and 200EMA, the structure is beginning to resemble early-stage expansion cycles seen in prior bull markets. The setup shows a steady base forming at higher lows, an essential precursor to any sustained macro push.

Hyperliquid with bullish momentum building towards a potential $260–$300 breakout. Source: Atrades_02 via X

Calling Hyperliquid “the Solana of this cycle” might sound like a big claim, but it aligns with growing comparisons in both structure and strength. As long as the price remains supported above the recent retracement levels and avoids deep breakdowns, this longer-term roadmap could hold weight. Add in its strengthening fundamentals, and if momentum mirrors past Solana-like runs, the $300 price prediction could very well be achievable.

Hyperliquid’s blend of breakout-level fundamentals and key technical supports paints a compelling picture, especially with revenue soaring 40% month-over-month and the MC/Rev ratio still lagging behind comparable assets. As long as price holds the golden pocket and 200EMA region, bulls have a real shot at building a stronger floor here. Whether it grinds slowly or surges with momentum, this zone may mark the start of something bigger.

Hyperliquid’s current price is $38.12, down -1.15% in the last 24 hours. Source: Brave New Coin

Hyperliquid has both the narrative and numbers to support such a move. It won’t happen overnight, but with continued growth and improving fundamentals, the $100 milestone could be the next major checkpoint in this cycle.