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HYPE holds breakout support, keeping the bullish trend and $76.99 target intact.
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Technical indicators signal growing momentum with room for further upside.
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Strong buybacks and market dominance support long-term expectations for a $100 rally.
Hyperliquid — HYPE, has captured traders’ attention after breaking above a major chart pattern. Strong price action has revived bullish expectations following weeks of sideways movement. Buyers now face an important test as the token attempts to build momentum above fresh support. Technical indicators and growing market confidence suggest another leg higher remains possible. Some analysts even believe a move toward the $100 level could develop if current conditions remain favorable.
🐋 WHALE WATCH: Hyperliquid pulled $116M in net bridged inflows in 24 hours.
Thats not a spike. The velocity is increasing.
Capital is picking a winner in the perp DEX space and right now its picking $HYPE.
Watch the flow. pic.twitter.com/lXMgeJMJXN
— Whale Factor (@WhaleFactor) July 5, 2026
Breakout Places Bulls Back in Control
HYPE recently moved above a symmetrical triangle on the 30-minute chart. The breakout came near $71.25 and signaled improving short-term momentum. Weeks of price compression often lead to stronger moves once resistance finally gives way. Former resistance around $67 to $68 has now become a critical support area. Buyers need to defend that zone to keep the bullish structure intact. Holding above that level would strengthen confidence in the current trend.
The next challenge sits near $72. Clearing that barrier could open the door toward $76.99. That target stands roughly 8% above the breakout level. Many traders will monitor price behavior closely before expecting another major advance. Momentum indicators also support a positive outlook. The Relative Strength Index remains between 55 and 60. That reading shows healthy buying strength without entering overbought territory. More room for upside still exists before momentum becomes stretched.
The MACD has started stabilizing after the recent pullback. Meanwhile, the Stochastic RSI continues recovering from oversold conditions. Both indicators suggest buyers may gradually regain stronger control. TradingView also supports the broader bullish picture. Lower timeframes remain neutral. However, the weekly chart shows a Buy signal. The monthly timeframe carries a Strong Buy rating. Those signals suggest longer-term momentum still favors higher prices.
Strong Fundamentals Support Long-term Growth
Hyperliquid continues trading above a rising 50-day exponential moving average. That level has repeatedly supported price during recent pullbacks. The 100-day and 200-day moving averages also continue trending upward. Such alignment usually reflects healthy market strength. Crypto analyst AltcoinSherpa believes patience could reward investors. According to the analyst, longer periods of consolidation often create stronger breakouts.
Current price action between $50 and $75 could eventually support a rally toward $100 if accumulation continues.Beyond technical analysis, network fundamentals remain impressive. Hyperliquid controls nearly 68.4% of decentralized perpetual futures trading volume. Across both decentralized and centralized platforms, market share stands near 7.4%. Another major strength comes from the platform’s buyback program.
Nearly all trading fees fund open market purchases of HYPE. Since late 2024, buybacks have reached about 46.8 million tokens, valued near $3.1 billion. That steady demand continues supporting market confidence. HYPE has already climbed more than 150% during the past six months. Year-to-date gains have reached roughly 170%. Strong technical signals and healthy fundamentals continue supporting the bullish outlook.
