Hyperliquid (HYPE) Price Prediction: HYPE Reclaims $70 Support—Can Revenue-Driven Growth and ETF Interest Fuel Case for New ATHs?

HYPE recently surged to a fresh all-time high near $77 before experiencing a modest pullback, but technical indicators and ecosystem fundamentals suggest the broader uptrend remains intact.

With strong revenue generation, ongoing token buyback mechanisms, and growing institutional interest, market participants are closely watching whether HYPE can build enough momentum to challenge its record highs once again.

After reaching a peak around $76.95, HYPE faced selling pressure that pushed it back below the previous breakout zone near $75.75. Despite the rejection, buyers quickly returned, helping the token stabilize above the psychologically important $70 mark.

HYPE remains in a strong uptrend, holding above key EMAs with bullish MACD and a high ADX reading, although current levels may be less attractive for chasing new entries. Source: MonoCoinSignal on TradingView

The recovery is significant because it follows a successful breakout confirmation. Earlier technical analysis identified $69.88 as a critical continuation trigger for the rally. Once that level was reclaimed, HYPE advanced to the projected target near $75.63 and briefly extended gains toward $76.80 before entering a consolidation phase.

Market analysts now view the $69.88 region as a major support zone rather than a resistance level. As long as the price remains above this area, the recent decline can be interpreted as a healthy pause within a larger uptrend rather than the beginning of a broader reversal.

One analyst noted that the original bullish setup “chose the breakout scenario,” adding that the focus has shifted from identifying a trigger to monitoring whether former resistance can continue acting as support.

From a technical perspective, HYPE continues to maintain a favorable market structure across multiple timeframes.

The token remains comfortably above several important moving averages, including the 20-period EMA at $64.46, the 50-period EMA at $62.32, and the 200-period EMA at $60.76. Trading above these levels suggests buyers continue to control the broader trend.

Hyperliquid (HYPE) was trading at around $70.09, up 4.47% in the last 24 hours at press time. Source: Brave New Coin

Momentum indicators also point to sustained strength. The MACD remains in bullish territory, while the Average Directional Index (ADX) recently reached 62.5, signaling a powerful trend environment rather than a short-lived price spike.

However, momentum readings indicate the rally may have become stretched in the short term. On lower timeframes, the Relative Strength Index (RSI) climbed to 86.6, while the Stochastic oscillator reached 91.4, and the Money Flow Index (MFI) rose to 90.9.

Such elevated readings do not automatically signal a reversal, but they often suggest that traders may take profits before the next major move develops.

More broadly, market data shows RSI readings in the mid-50s to low-70s across higher timeframes, indicating bullish momentum remains intact while avoiding extreme overheating conditions.

Technical analysts continue to focus on a handful of critical price levels that could determine HYPE’s next directional move.

The most immediate resistance remains near $75.75, which aligns closely with the recent all-time high zone between $76 and $77. A decisive break above this area could reopen the path toward new record highs and potentially bring psychological targets such as $80 into focus.

HYPE briefly reached a new all-time high of $76.95 before facing selling pressure, causing the price to retreat below the previous record level near $75.75. Source: DukesMarketAnalysis on TradingView

On the downside, support is clustered around the $68-$70 region, which has recently been defended by buyers. Below that, stronger support exists between $60 and $62, where previous breakout levels and moving-average confluence intersect.

Another important long-term support level sits at the 0.382 Fibonacci retracement near $54.64. Recent price action found buyers almost precisely at this zone, reinforcing its significance for the broader market structure.

A sustained move below these support areas would likely weaken bullish momentum, while continued defense of these levels could encourage another attempt at the highs.

Beyond technical analysis, Hyperliquid’s ecosystem fundamentals remain a major factor behind investor optimism.

The decentralized perpetual futures exchange has established itself as one of the most active platforms in the sector, generating substantial trading fees that contribute to the token’s value proposition. Revenue-linked buyback and burn mechanisms continue to reduce circulating supply while aligning network activity with token demand.

An analyst expects HYPE to reach new all-time highs within the next week and potentially accelerate toward $100, viewing recent pullbacks as favorable buying opportunities within the ongoing uptrend. Source: @cozypront via X

This revenue-driven model has helped differentiate Hyperliquid from many speculative crypto projects that rely primarily on market sentiment.

The platform’s growing trading volumes and consistently high open interest levels also indicate continued engagement from both retail and professional traders.

These metrics have contributed to HYPE’s remarkable performance over the past several months, with the token gaining more than 175% year-to-date and rising roughly 600% from its historical lows.

Another emerging catalyst is increasing institutional participation in digital assets, including growing discussion around crypto investment products and ETF-related exposure.

While HYPE itself does not currently have a dedicated exchange-traded fund, broader institutional interest in high-growth digital assets has contributed to positive sentiment across the market. Rising open interest and increased attention from larger investors have strengthened the narrative surrounding Hyperliquid’s long-term growth prospects.

The combination of ecosystem revenue, token buybacks, strong user activity, and institutional demand has created a supportive backdrop for the asset even after its recent surge.

For now, the technical picture remains constructive as long as HYPE continues holding above the reclaimed $69.88-$70 support zone.

A successful defense of this region could encourage buyers to challenge resistance near $75.75 and potentially revisit the recent all-time high around $76.95. If that barrier is cleared, analysts expect momentum to shift toward the $80 level, with some market observers suggesting even higher targets could emerge if ecosystem growth continues at its current pace.

At the same time, traders remain mindful of overbought conditions following the token’s rapid advance. A period of consolidation or a pullback toward the $60-$65 range would not necessarily invalidate the broader bullish trend and could instead provide a healthier foundation for future gains.

With strong technical support, sustained platform revenue, and rising institutional interest, Hyperliquid remains one of the most closely watched assets in the crypto market as investors assess whether the next breakout can deliver another all-time high.