Hyperliquid (HYPE) trades near $71.82, up 4.4% in 24 hours, as bulls attempt a third breakout above the $76.70 all-time high. The token has gained nearly 250% since its January low near $20.50.
List protocol funds and new derivatives from exchange-traded funds (ETFs) return testing. Meanwhile, the monthly indicator opens and the regulatory review allows traders to be well served by the principles of the low price of Hyperliquid.
Record Revenue and ETF Inflows Strengthen Bull’s Case
Hyperliquid crossed $1 billion in protocol capitalization on June 30, according to DeFiLlama. The platform channels approximately 99% of HYPE open market trading funds through its Assistance Fund, according to Tokenomist data.
Therefore, the opening of July 6 of 9.92 million HYPE, which is about $ 645 million, was met with an interest fund that held 4.6 of its amount. Buyback demand also took similar shares earlier.
Unionization is also on the rise. Bitwise’s BHYP and 21Shares’ THYP were listed in mid-May as the first HYPE ETFs in the US. The combined raise exceeded $170 million by early July, and Grayscale filed its S-1 with SEC share price.
The integration of buybacks and ETFs has already begun turn around fantasy in May.
Unlocking Symbols and Drivers Try Rally
Core contributor vesting releases a new HYPE unit on the sixth of every month until 2027. Only 22% of the 1 billion volume is in circulation today, so dilution remains a recurring storm.
Regulatory pressure is also increasing. The Monetary Authority of Singapore (BUT) added Hyperliquid to the Investor Alert List at the end of June, as Singapore linked to previous UK warnings. In addition, CME and ICE officials urged the Commodity Futures Trading Commission (CFTC) to review the platform for property perpetuals, Bloomberg reported in May. HYPE fell nearly 6% on the report.
Macro factors add to the tension. US spot Bitcoin ETFs hit a record $4.5 billion in June to go outand the mind lives in Fear. Buybacks also increase in volume, so their support may disappear during a market downturn.
Daily Chart Shows Buyers Protecting High Fibonacci Levels
HYPE has been building since January. The mid-June correction from the historical record stopped at the 0.382 Fibonacci retracement near $55.41. However, the next pullback ended at the shallowest level of 0.236 at $63.66.
Each correction has been deeper than the last, indicating a strengthening of demand. Late June analysis showed that user activity remained strong within the influencer.
If the sellers force a major correction, a retracement of 0.618 at $42.07 appears. It is similar to the rising trend and the historical support area near $44. The daily Relative Strength Index (RSI) has stabilized to around 60 and is maintaining the trend.
A Fixed Squeeze on the 4-Hour Chart Indicates the Next Move
The 4-hour chart shows prices moving in a triangle from the peak on June 16. HYPE is currently pushing the upper limit near $72. The retracement of 0.236 at $63.66 serves as temporary support within the structure.
The RSI at this time also hovers around 60, below the bullish zone. Meanwhile, the Bollinger Band Width Percentile (BBWP) is posting very low readings. In the past, this type of compression leads to strong inward diffusion.
Hyperliquid Price Prediction, Breakout of $77 or Recovery to $63.66
A 4-hour close above the triple, followed by a daily close above $76.70, may start to gain value. The height of the triangle creates a measured move near $88, about 22% above the current price. The rise of ETFs could accelerate this trend.
In contrast, rejection at the high record would reveal $63.66 first, then $55.41. A daily close below $63.66 would indicate a deep correction. The maximum upside is limited below the $42 confluence of the 0.618 retracement and trendline.
The decision for July depends on whether the volatility is likely to rise in price discovery or decline to another Fibonacci retest.
A note Hyperliquid price in July 2026 appeared for the first time BeInCrypto.
