Hyperliquid's HYPE token has surged from $44 to $78 in recent weeks, a gain of over 50%, before meeting resistance at its all-time high. The price has since consolidated around $66.79, with traders closely watching the $62 level—a former resistance-turned-support. Analysts, including AltCryptoGems' Sjuul, emphasize that holding $62 is essential for another attempt at price discovery. If broken, the next demand zone lies between $55 and $58. On the daily chart, the structure remains bullish with higher highs and higher lows, supported by several stacked support levels at $59.26, $48.69, and $40.76.
Spot HYPE ETFs, launched in early May 2026, attracted multi-million-dollar inflows for 16 consecutive trading days before recording net outflows of nearly $3 million on June 5. Since then, no further outflow days have occurred, though two sessions saw zero net flows, suggesting investors are pausing rather than exiting. This stabilization reduces selling pressure and gives the market room to build support. A social media post from AlphaOnChain claimed three HYPE ETFs—led by Bitwise and 21Shares products—have accumulated $158 million in combined assets. However, these figures remain unconfirmed by official fund data, so they should be treated cautiously as a signal of growing narrative rather than verified flows.
If buyers defend $62 and push above the $75–$78 resistance, the all-time high region near $89.95 comes back into focus. Until then, the chart remains in consolidation, with the $62 level being the most critical short-term test for the bullish trend.
