Hyperliquid token, known as HYPE, has recovered from $20 levels since the beginning of the year and reached $43. While the upward potential has recently come to the fore in the graphic analyzes of leading cryptocurrency traders, a movement supported by technical indicators has been observed on the token. As the local cryptocurrency of the decentralized futures platform, HYPE offers a structure where volume increases and interest intensifies.
An upward triangle has formed in technical analysis
Experienced crypto analyst HypeDojo suggested that the HYPE price could reach $75 by the end of June. He pointed out that an upward triangle formation appeared on the daily chart as the basis for this prediction. Additionally, it was reported that the price compression occurred just below the horizontal resistance zone and that this structure, with increasing lows, supported a continued rise.
HypeDojo stated, “HYPE price strengthened the bull scenario with the rising lows it previously caught when it was below $ 39; now the triangle formation with a target of $ 75 attracts attention.”
On the other hand, some market participants pointed out that the recent price movement could be a rising wedge, in which case there is a risk of a failed exit if the momentum weakens in the resistance zone. However, the steady upward trend seen on the weekly chart shows that buyers are gaining weight in the market again.
$60 level stands out for traders
Crypto analyst VikingXBT described HYPE’s long-term chart as one of the strongest in the industry, announcing that he entered a long position at $36 in April. According to VikingXBT, the token rose to the $40 range again after recovering from the $20-25 range at the beginning of the year. After the correction from the peak above $60 in 2025, new bullish expectations began to come to the fore.
The analyst is of the opinion that HYPE may climb to $60 again if the current momentum continues. It also highlights Hyperliquid’s growing popularity among decentralized derivatives platforms and its evolving trading infrastructure.
Hyperliquid, which entered the market after 2023, stands out in the field of on-chain futures transactions, especially with its increasing transaction volume and expanding user base. These developments solidify the HYPE token’s place among the closely followed exchange-based crypto assets.
Indicators and critical levels
Although technical indicators monitored on TradingView present a volatile outlook in the short term, they show a positive overall picture. On the platform, a “strong buy” rating was given for the HYPEUSDT parity in weekly and monthly periods. This assessment relies heavily on the harmony in moving averages.
According to the latest price data of Brave New Coin, HYPE traded around $42.40; There was a 1.04 percent decrease in the last 24 hours.
Major oscillators such as Relative Strength Index (RSI), MACD and Williams %R are neutral at this stage; This means that the token does not yet signal overbought. The medium-long term moving averages remain below the current price. According to analysts, this situation supports the upward trend.
On the other hand, investors are closely monitoring the overcoming of the $50 psychological resistance. If persistence above this level is achieved, the next target for the token may be $60 and then $75. On the support side, the $ 37-39 range is considered critical.
Risks to follow for the continuation of the rise
While HYPE continues to move in a narrow price range in the short term, the expectation of a big breakout creates excitement among investors. According to analysts, for the direction to be finalized, the price must rise above $50. Otherwise, it is possible that the horizontal trend will continue in the range of 40-44 dollars and profit realizations will occur from time to time.
Market experts note that the price movement on HYPE is directly related to fluctuations in the overall cryptocurrency market, so sudden volatility is possible. Despite the positive expectation, caution is advised due to the risky nature.
