Hyperliquid’s native token HYPE is at a critical technical juncture as multiple bullish indicators align with impressive protocol fundamentals. On June 30, the platform crossed $1 billion in cumulative protocol revenue, with nearly all fees used for token buybacks—a mechanism that supports price by reducing circulating supply. Currently trading around $70.91 on July 4, HYPE is up 205% from its January 2026 opening near $25, sitting just below its all-time high of $76.70 reached in June.
The daily chart reveals a textbook cup-and-handle pattern, with the cup carved from the June 16 high around $76 down to roughly $52 in late June and sharply recovering. A confirmed breakout above the $76 resistance would validate the pattern and could open the way toward higher targets. Prominent investor Arthur Hayes has set a $150 price target for HYPE by August 2026, while Multicoin Capital projects a long-term value of $319 by 2028.
On shorter timeframes, the 30-minute chart shows a symmetrical triangle breakout, with HYPE holding above former resistance near $71.25. Immediate support sits between $67.00 and $68.00, with a measured move target pointing toward $76.99. Moving averages remain bullish: the 50-day, 100-day, and 200-day EMAs are rising, and price trades above them, reinforcing the broader uptrend. The RSI hovers in the 55–60 range, leaving room for further upside without being overbought.
Traders are now watching whether HYPE can sustain its position above the breakout zone and build enough momentum to challenge the $72 resistance before tackling the all-time high near $77. A failure to hold $67 would weaken the bullish setup, but as long as key supports remain intact, the path of least resistance appears higher, supported by strong tokenomics and growing protocol revenue.
