Hyperliquid Price Prediction: Will HYPE Hit New Highs?

Hyperliquid price prediction is back in focus after HYPE climbed 4.85% on the day, with a trendline breakout on the 4-hour chart now putting a run at all-time highs on the table.

$HYPE is up 4.85%, and short sellers are once again the ones absorbing the pain. That combination, a rising price paired with one-sided short liquidations, is usually a signal worth digging into rather than ignoring.

HyperLiquid Price Prediction: Key Market Snapshot

Metric	Value
Coin	Hyperliquid (HYPE)
Current Price	$66.60
24h Change	+4.85%
Market Cap	$14.82B
24h Volume	$479.69M
Total Supply	955,307,079 HYPE
Circulating Supply	222,445,714 HYPE

Volume against market cap is sitting at 3.24%, a reasonable level that shows this move has genuine participation behind it rather than being a thin, low-liquidity wick.

The Liquidation Picture Tells the Real Story

This is where Hyperliquid price prediction gets interesting.

As per coinglass Liquidation tracking data shows that over the last 24 hours, $2.57M in HYPE positions were wiped out, and shorts took the overwhelming majority of the damage. $2.30M in shorts got liquidated against just $270.66K in longs.

Break it down by timeframe, and the pattern holds up. Over the last 12 hours, $1.64M in total liquidations saw $1.57M of it come from short positions. 

Over 4 hours, $91.40K got liquidated, with $71.63K of that hitting shorts. Even in the last hour, $10.97K got liquidated, and $8.37K of it came from shorts.

The largest single liquidation on the books was a $968,450 order, and the peak liquidation window landed on July 2, 2026. For context, the current liquidation activity is running at 0.81x the 7-day average and just 0.06x of the recent 30-day peak, so this isn't a violent outlier squeeze. 

It's routine, steady short covering that has been consistently going against sellers rather than buyers.

That's the key detail: forced short covering keeps adding buy pressure on top of whatever organic demand is already in the market. 

It doesn't guarantee the rally continues, but it does show that the path of least resistance has favored the upside over the past day.

HYPE Spot ETF Flows Add to the Bullish Case

Spot HYPE ETFs pulled in $2.24M in net inflows on July 2, adding to $2.85M the day before and pushing cumulative net inflows to $298.24M. Total net assets now stand at $336.41M, with $25.95M traded on the day.

Barring a one-off outflow of $3.01M on June 30, inflows have stayed positive through most of late June, showing steady institutional demand sitting alongside the short squeeze on the derivatives side.

As per the tweet on X:

Nordin.eth has flagged HYPE as sitting in a decision zone right now, with liquidity stacked on both sides: a break above $69 could trigger a short squeeze, while a drop below $62 risks flushing longs. Both pools are exposed, so volatility in either direction looks likely. 

Hyperliquid Price Prediction on 4-Hour Chart: A Trendline That Finally Gave Way

The 4-hour chart is where this setup really comes together.

Going back to mid-June, HYPE was stuck under a descending trendline. The first tap on that line produced a lower low, and the second tap produced another lower low; sellers were clearly still in control at that point.

But the third and fourth taps told a different story. 

Both of those attempts failed to print a fresh lower low, a sign that selling pressure was running out even as price kept probing the same trendline. 

That failure to make new lows is exactly what set up the breakout that followed.

Since then, HYPE has pushed into a higher-high formation, a meaningful shift in structure from the lower-low sequence that defined the prior weeks. inside a rising channel.

The catch is that $70 is sitting directly overhead as a resistance zone, and it's also where sellers have shown up before. 

That level is the pivot for where this move goes next:

• If sellers step in around $70 and price breaks back below the rising channel and gives the breakdown, it weakens, and a slide back toward the $54 region becomes a real possibility.

• If HYPE instead closes above $73 on the 4-hour chart and manages to sustain above $70, it opens the door to a run at a fresh all-time high.

In short, two failed lower-low attempts led to a trendline break, and now $70–$73 is the battleground that decides whether this turns into an ATH breakout or a fade back into the range.

Hyperliquid Price Prediction: Near-Term Targets

Level	Type	Value	Notes
Current Price	CMP	$66.60	Higher high forming after trendline breakout
Resistance / Seller Zone	Key Level	$70.00	Sellers have defended this area before
Breakout Confirmation	Key Level	$73.00	Needs 4H close above, with $70 held as support
1st Target	Resistance	ATH Zone	A sustained move above $70–$73 opens a run at all-time highs
2nd target	Resistance	100$	Psychological number
Invalidation	Support	Recent Higher Low	A break below this shelf flips the setup bearish
Downside Risk	Bear Case	$54.00	If higher low breaks and selling resumes from $70

Invalidation: This setup is a technical read, not a guarantee. Levels can shift fast, so treat every target here as a probability, not a promise.

Expert View

Market watchers tracking Hyperliquid price predictions point out that the shift from repeated lower lows to a confirmed higher high is the more important development here, not just the day's percentage gain. 

The fact that short liquidations have outweighed longs across every timeframe, even while running below recent peak intensity, suggests sellers have been consistently caught offside rather than the move being driven by a single liquidation cascade.

Whether HYPE can clear and hold above $70–$73 in the coming sessions will likely determine whether this turns into a genuine push toward all-time highs or another rejection back into range.

Disclaimer: Cryptocurrency investments carry risk and can be highly volatile. This Hyperliquid Price Prediction article is intended for informational purposes only and should not be considered financial advice. Always conduct independent research before making investment decisions.