Major Cryptocurrency HYPE Value of $3.6 million Departs Exchanges, Prompting Speculation About an Upcoming Surge
In the fast-paced world of cryptocurrency, Hyperliquid (HYPE) has been making waves recently. The asset, which has tested an ascending trendline four times, seems to be a bullish sign for token holders, according to TradingView.
Technical Analysis and Price Movement
HYPE started 2025 bearish but rebounded strongly by mid-year, reaching a new all-time high (ATH) near $49.80 in July. This surge was closely linked to Bitcoin’s price action. However, in the very short term, some forecasts predict a price correction with a target around $35.11 within the next 5 days, indicating a possible pullback after recent gains.
Key support levels are around $35 to $42, with resistance near $45 to $50. A break above $50 could lead to further price discovery, while falling below $35 may activate lower support at $32. Sentiment remains bullish overall, with a Fear & Greed index of 75, signaling "Greed," meaning investors are optimistic but possibly overextended.
On-Chain and Market Metrics
Increased trading activity on Hyperliquid’s platform, especially in major assets like BTC, has driven recent rallies and suggests solid platform usage supporting token demand. Strong volume and new listings (including expectations around Binance US) are bullish catalysts, likely sustaining upward price momentum if broader crypto market conditions remain positive.
The long-term outlook to the end of 2025 and beyond is optimistic, with price targets ranging $39 to over $50 in July 2025 and potential to enter the top 10 by market cap if momentum holds. By the end of 2026, some projections foresee HYPE trading in the $30 to $60 range, and by 2030, the token could reach $70 to $120 if adoption, regulatory clarity, and technical development progress well.
Summary Table of July 2025 Price Projections
| Aspect | Potential Price Range | Notes | |-------------------|--------------------------|--------------------------------------------------------| | Short-term (next 5 days) | ~$35.11 (-21.5%) | Possible correction after recent highs[3] | | July 2025 (mid to late) | $39 (average) - $50+ (high) | Driven by BTC price action, platform volume, new listings[1][2] | | Support Levels | $32, $35 | Important for downside protection[1][3] | | Resistance Levels | $45, $50 | Breaking $50 could lead to breakout phase[1][3] |
Key Considerations
- The outlook remains tightly linked to Bitcoin’s performance and overall crypto market sentiment.
- Recent geopolitical and macroeconomic events have caused short-term volatility but seem not to have derailed bullish momentum overall.
- On-chain metrics like trading volumes on the Hyperliquid platform are strong positive signals underlining healthy ecosystem activity.
- Risk remains due to the highly volatile nature of crypto markets, and short-term pullbacks appear plausible despite a positive longer-term trend.
In conclusion, Hyperliquid (HYPE) is positioned for potential further gains supported by strong platform activity and positive market momentum, but traders should watch for short-term corrections around $35 and key resistance near $50 for confirmation of sustained bullish trends. If HYPE repeats its past performance, there is a strong possibility that it could make a new high this time. At press time, HYPE traded near the $42.40 level, having lost 4.10% of its value in the past 24 hours. The Funding Rate for HYPE has remained positive since April 2025, with only two brief instances of negative values recorded. The HYPE token's Funding Rate has been positive since April 2025, possibly signaling a prolonged bullish market trend. The current level aligns with an ascending trendline that HYPE has followed since May 2025, and the technical analysis suggests that the HYPE token is in an uptrend and appears bullish at press time. However, potential reasons behind the decline in HYPE's price include an overstretched price, the continued rise in Bitcoin dominance, and the prevailing market structure. Recent price action suggests that HYPE has the potential to soar 45% from the current level, with the price possibly reaching the $60 mark in the near future. The Funding Rate's consistent long-side dominance in the market reflects a bullish market sentiment for HYPE.
- The Funding Rate for HYPE, which has remained positive since April 2025, indicates a prolonged bullish market trend for the token.
- The technical analysis, following HYPE's price action, suggests it is currently in an uptrend and appears bullish at press time, despite potential reasons for a decline.
- In the short term, some forecasts predict a price correction for HYPE, with a target around $35.11 within the next 5 days, indicating a possible pullback after recent gains.
- The current level of HYPE aligns with an ascending trendline it has followed since May 2025, and its strong platform activity and positive market momentum could lead to potential further gains in the market, provided it avoids a short-term pullback around $35 and key resistance near $50.
