Hyperliquid Price Prediction: HYPE Tests Key Support Near $57 Wedge

Hyperliquid’s native token is locked in a tight technical squeeze. Trading around $57.1272, the asset is testing key support thresholds while traders evaluate whether a prolonged correction is bottoming out or preparing for another leg down. According to technical data tracked from Binance via TradingView, the token has been sliding inside a falling wedge, respecting converging trendlines that often signal waning downside momentum. HYPE is trading near $57.147, which is a short-term read based on the 1-hour chart and should be rechecked if the price closes decisively beyond either $58.179 or $56.466. HYPE trades near a critical decision zone around $57.12, with a confirmed hourly close above $59.43 signaling a bullish breakout, while a close below $56.46 could expose $55.48.

Technical Levels and Support Zones for HYPE Near $57

The immediate price structure leaves little room for error. Following one of the biggest market rallies of the year, Hyperliquid is currently experiencing its first significant correction. Before sellers intervened forcefully and drove HYPE back towards the crucial $58 support zone, the asset briefly traded close to the $75–76 range. The fact that HYPE is still above its 100-day EMA at $57 is the strongest directional signal right now. This moving average, which served as dynamic support during the advance, is currently being tested for the first time since the breakout. The larger uptrend would continue if this level were maintained, but momentum is obviously losing ground. HYPE/USDT daily candles continue to display lower highs since the June peak, the RSI has dropped toward 40, and the 20-day EMA has rolled over. Compared to the buying frenzy that accompanied the move from $40 to above $70, volume has also significantly decreased. The 50-day EMA is currently at $64.7, while the 200-day EMA is still rising toward $50. Buyers might attempt another move toward $65 and ultimately $70 if HYPE can hold above $57–$58. A deeper retracement toward the 200-day EMA around $50 would probably result from a clear breakdown below the 100-day EMA, and HYPE is no longer in breakout mode at this time.

HYPE is fighting for $60 while AlphaPepe gives everyday traders AI verdicts

HYPE is fighting for $60 while AlphaPepe gives everyday traders AI verdicts before they enter risky tokens. Hyperliquid holding or reclaiming $60 would strengthen the case that record derivatives demand, ETF access, and expanding HIP-3 markets can keep supporting HYPE after its enormous rise. The platform has already reached approximately $11 billion in total open interest, proving that serious capital is using its perpetual markets. AlphaPepe brings AI trade verdicts to a less advanced audience, helping everyday traders inspect speculative tokens before swapping. HYPE gives experienced traders derivatives infrastructure, while AlphaPepe gives ordinary retail a simpler intelligence layer before public launch. Hyperliquid has evolved from a fast decentralized exchange into one of crypto’s largest derivatives platforms. Total open interest has surpassed approximately $11 billion, while RWA perpetuals have contributed close to $4 billion, showing that traders are using the platform for more than short-term crypto speculation. The $60 level matters because it can act as a dividing line between renewed strength and deeper correction, as holding above it would suggest buyers remain willing to support HYPE despite significant earlier gains, whereas a rejection can invite more profit-taking from holders positioned before the token became a major public asset. Hyperliquid’s platform revenue, ETF inflows, and builder activity give the token fundamental backing.

Liquidation Pressures and Open Interest Adjustments

Hyperliquid’s HYPE token drops to key support as staking rises 40%

Hyperliquid’s HYPE token drops to key support as staking rises 40%, signaling holder confidence amid correction. Hyperliquid’s HYPE token resumed its decline, returning to a critical support zone between $52 and $58. Despite the price drop, long-term holders increased staking by 40%, locking up around 436 million tokens, which reduces available supply and may help stabilize the asset. The Hyperliquid HYPEUSD price is trading around $59 after rebounding from the lower boundary of a falling wedge, with buyers attempting to regain control following a prolonged correction. The token is approaching a crucial resistance zone near $63, where a confirmed breakout could signal the start of a broader recovery, and the technicals and derivatives point towards a bullish divergence as HYPE capitalizes on weakening bearish momentum to reclaim the $63 resistance and extend its recovery.

ETF Outflows Meet Aggressive Whale Staking

HYPE is trading right now with a price of $57.1272

HYPE is trading right now with a price of $57.1272, a 24-hour change of -1.65% (-$1.7978), a market cap of $14.44B, 24-hour futures volume of $1.56B, 24-hour spot volume of $82.93M, open interest of $2.42B, circulating supply of 252.70M HYPE, and a total supply and max supply of 953.06M HYPE. This price is taken from the live TradingView chart, with volume, market cap, open interest, and supply figures from Hyperliquid data on CoinGlass as of July 25, 2026, around 2:15 PM IST. This technical analysis uses the 1-hour HYPE/USDT chart on Binance via TradingView for price structure, with volume, open interest, and market cap figures from CoinGlass and liquidation flow from CoinGlass’s HYPE liquidation tracker. All levels are treated as invalidated only on a confirmed 1-hour candle close beyond the stated trigger, not an intraday wick. A large whale has been quietly staking its size even as the wider tape stays cautious, setting up an interesting tug of war right at current levels.

Valuation Comparisons and Platform Growth

Multicoin stated that Hyperliquid’s trajectory looks eerily similar to Binance’s early years

In a piece titled Hyperliquid (HYPE) Analysis & Valuation, Multicoin stated that Hyperliquid’s trajectory looks eerily similar to Binance’s early years. They also set forth a long-term target for the token, claiming that, at $63, it was currently trading at 36 times its trailing twelve months (TTM) earnings. They projected $8 billion in annual profits by 2028, which, at a 20x price-to-earnings (P/E) multiple, results in a potential 5x gain. However, this recent move to cash out of Hyperliquid’s short-term gains has raised eyebrows about the firm’s motivations to publish this report among the crypto community. Multicoin cashed out on HYPE before it hits its long-term target.