Hyperliquid price prediction: $56.75–$57.98 range in focus as HYPE slips 7.39%

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Hyperliquid slides 7.39% today to $58

Highlights

Spot HYPE ETFs such as Bitwise’s BHYP and 21Shares’ THYP attracted over $100 million in net inflows in ten sessions, signaling robust institutional and retail demand.
Bitwise’s BHYP saw daily inflows of $19 million and assets exceeding $62 million, while protocol buybacks have surpassed $1.16 billion despite broad market selling pressure.
HYPE trades in a bullish technical structure but faces intraday volatility, with the expected five-day price range between $56.75 and $57.98 and a high probability of price stabilization or further upside.

Institutional flows accelerate as ETF inflows and buybacks counter selling

Spot HYPE ETFs, including Bitwise’s BHYP and 21Shares’ THYP, surpassed $100 million in cumulative net inflows within ten trading sessions, marking a substantial increase in institutional and retail participation in Hyperliquid-linked products. Bitwise’s BHYP achieved a daily inflow of $19 million and assets under management above $62 million, evidencing continued allocation from larger investors. The protocol has also seen the launch of validator-settled prediction markets on its Layer-1 chain through the HIP-4 upgrade and continues daily token buybacks supported by platform trading fees, with buybacks totaling over $1.16 billion, though price action has remained under broader selling pressure.

Mixed momentum signals as price tests support amid volatility

On the technical side, HYPE remains positioned above the SMA-20 ($49.53), SMA-50 ($44.88), and SMA-200 ($34.68), while the Ichimoku Kijun (D1) stands at $51.49, providing immediate support. Key indicators paint a split picture: the MACD and ADX on the daily timeframe support upward momentum, whereas RSI is elevated at 64.55 and CCI signals moderate bullishness but leans into slightly overbought territory, with Stoch RSI neutral and BBP firmly in overbought territory. The session saw HYPE trading near the day’s low between $56.69 and $58.68, intraday volatility remained moderate to high, and the sharp drop after the open contradicted prevailing bullish signals.

Consolidation scenario likely as breakout triggers set near current range

Over the next five trading days, HYPE is expected to trade within a typical volatility band of $56.75 to $57.98 relative to current levels. The most likely scenario sees price consolidating in a sideways channel. A clear bullish breakout would be triggered by a move above $58, confirming uptrend continuation, while a drop below $56.75 would indicate a potential short-term reversal.

Anton Kharitonov, expert at Traders Union, sees recent ETF inflows and platform upgrades as a sign of growing institutional interest in Hyperliquid. However, price is under pressure despite positive buyback mechanics and strong technical supports. He remains cautious given mixed indicators and elevated overbought signals. "For now, sideways consolidation is the base case; I am waiting for a clear breakout above $58 to consider any bullish follow-through."

Previously it was reported that Hyperliquid launched validator-settled prediction markets, expanding beyond crypto trading as the HYPE token came under short-term selling pressure. With institutional inflows into HYPE-linked ETFs now accelerating and technical signals suggesting consolidation, traders should monitor the $58 level for a potential breakout that could define the next directional move.

Source of Data: HYPE Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.