- Hyperliquid’s price is above major support as traders look at the $61.92 level.
- Bitcoin’s move around $63,000 could shape another HYPE trend.
- Hyperliquid’s total interest has risen to nearly $11 billion.
Hyperliquid (HYPE) has entered an important phase after breaking away from its recent record highs, with traders looking closely at whether the indicator can settle above support levels.
The recent pullback comes as the broader cryptocurrency markets are affected by rising political tensions, and Bitcoin’s next move the center of interest.
However, despite the HYPE losing momentum last week, the network continues to deliver strong commercial activity, creating an interesting contrast between short-term prices and platform growth.
Hyperliquid price tests support after weekly decline
HYPE is trading around $65, down 7.0% in the past seven days after reaching a high of $76.87 on June 16.
The correction pushed the indicator to the important support area between $ 64 and $ 65, where buyers are starting to protect the prices.
The next few stages of business can be decisive.
If the price of Hyperliquid is able to recover $ 67 with high buying volume, the indicator may retest at the level of $ 70.
However, a failure to hold a support level here could change the focus at $61.92, which has emerged as the next major technical area.
A break below $61.92 could point the indicator to other factors, with $60 being the area that traders should keep an eye on.
Bitcoin is still one of the biggest foreign currencies that fuel that sentiment.
The broader market has been under pressure following global uncertainty, and Bitcoin’s ability to remain above $63,000 is seen as an important indicator of risk in the cryptocurrency market.
If Bitcoin remains above $63,000, it may provide enough stability for the HYPE to consolidate. A move below it, on the other hand, could lead to another wave of sales in altcoins.
Technical indicators point to a short-term mix
Recent technical indicators show that HYPE has not yet established a clear path despite recent corrections.
The Relative Strength Index (RSI) is currently at 47.99, placing it in neutral territory.
This indicates that the token is not overbought or oversold, leaving room for buyers or sellers to dominate depending on market conditions.
A large movement gives a very encouraging picture in the long run.
HYPE continues to trade above the 50-day, 100-day and 200-day (EMA), indicating that the trend has not changed despite the recent decline.
At the same time, the indicator has fallen below the 10-day and 20-day EMA, indicating that the short-term resistance will remain there before a rebound.
This combination of signs indicates that when long term forecast It remains positive, the way forward will depend on whether consumers can regain control at current prices.
The Hyperliquid platform continues to grow
Although HYPE has stopped its recent highs, activity in the Hyperliquid ecosystem continues to grow.
The protocol value locked (TVL) and about $6.013 billion, reflecting the amount paid on the platform.
At the same time, the amount of sales of 24 hours remains close to $ 296 million, showing the participation of the market regardless of the recent.
Another notable feature is the rapid growth of derivatives. Total interest has risen to about $11 billion, while real estate (RWA) contracts account for about $3.6 billion of that figure.
Real-world asset (RWA) open interest on Hyperliquid reached a new ATH of $3.6B
Total OI reached a peak in 2026 of $11B pic.twitter.com/FJyeuUq0ya
– Hyperliquid (@HyperliquidX) July 13, 2026
This increase shows that traders are increasingly moving beyond crypto-native assets to the exposure associated with traditional assets.
The development of RWA trading has been one of Hyperliquid’s achievements in 2026, helping the platform to attract more trading activities even if digital prices fluctuate temporarily.
HYPE price tag to check out
The coming days should be shaped by technical prices and market sentiment.
The first watch point remains $64-$65, where buyers have tried so far to protect support. If this spot holds and HYPE takes $67 again on strong volume, interest may return to $70.
Below that, $61.92 has been the most important technical support. A sustained move below that level would create a chance for a deeper correction to $60, especially if Bitcoin loses support at $63,000.
At the moment, the price of Hyperliquid is available at an important point.
Short-term momentum has slowed with a 7% weekly decline, but the broader technology landscape remains encouraging, with platform services continuing to innovate.
Whether the indicator resumes its growth or extends its correction depends on the next movement of Bitcoin and how traders react around these high levels.
