Hyperliquid has broken above a symmetrical triangle pattern on the 30-minute chart, trading around $71.25 USDT. The breakout signals a potential shift in short-term momentum after weeks of price compression.
The former triangle resistance has flipped to support. Traders will be watching whether HYPE can hold above the $67-$68 zone, which now acts as the key breakout level.
On the upside, $72 is the first resistance to clear. A sustained move above that could push price toward the measured target of $76.99, roughly 8-9% above the breakout area.
The RSI sits between 55-60, which is neutral-to-bullish. That reading leaves room for more upside without the token entering overbought territory above 70.
The MACD is stabilizing after a recent pullback. The Stochastic RSI is also recovering from oversold conditions, which adds to the case for renewed buying pressure.
TradingView’s technical summary shows a neutral reading on lower timeframes, but a Buy signal on the one-week chart and a Strong Buy on the one-month view. The broader trend is still pointing up.
HYPE continues to trade above its rising 50-day EMA, which has acted as dynamic support through the recent pullback. The 100-day and 200-day moving averages are also sloping higher.
Crypto analyst AltcoinSherpa shared his view on X, saying: “$HYPE has been chopping/grinding around for about 1 month and I would like to see it continue in this fashion. The longer something ranges, the stronger the proceeding move after. I’d love to still see this chop between 50-75 over the next few weeks/months and then run to $100.” His take suggests patience, with a longer-term $100 target in mind if the consolidation holds.
$HYPE has been chopping/grinding around for about 1 month and I would like to see it continue in this fashion. The longer something ranges, the stronger the proceeding move after. I'd love to still see this chop between 50-75 over the next few weeks/months and then run to $100 pic.twitter.com/LsHhOYSAcD
— Altcoin Sherpa (@AltcoinSherpa) July 5, 2026
Beyond the charts, Hyperliquid’s fundamentals remain strong. The platform controls 68.4% of decentralized perpetual futures trading volume. Its overall share of global perpetuals volume, including centralized platforms, stands at 7.4%.
🐋 WHALE WATCH: Hyperliquid pulled $116M in net bridged inflows in 24 hours.
Thats not a spike. The velocity is increasing.
Capital is picking a winner in the perp DEX space and right now its picking $HYPE.
Watch the flow. pic.twitter.com/lXMgeJMJXN
— Whale Factor (@WhaleFactor) July 5, 2026
The platform’s buyback mechanism uses 99% of trading fees to repurchase HYPE on the open market. Around 46.8 million tokens, worth roughly $3.1 billion, have been bought back since its late 2024 launch.
HYPE is up more than 150% over the past six months and around 170% year-to-date. Its 52-week range sits between $20.52 and $76.70.
Key downside support sits at $58.56, where the recent swing low aligns with the 50-day EMA.
The post Hyperliquid (HYPE) Price: Analyst Predicts $100 as HYPE Holds Key Support After Breakout appeared first on CoinCentral.
