Hyperliquid price prediction: Can $76 resistance hold after HYPE climbs 7.12%?

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Hyperliquid surges 7.12% to $72.48 today

Highlights

Hyperliquid’s HYPE token entered the top 10 cryptocurrencies with a $15.36 billion market cap, overtaking Dogecoin and drawing strong institutional interest.
Sustained U.S.-listed HYPE ETF inflows totaling nearly $110 million over 11 consecutive days are adding liquidity and supporting buying momentum.
HYPE maintains a firmly bullish technical trend with strong momentum, but overbought signals suggest price consolidation between $70.00 and $76.00 in the near term.

Record inflows and top-ten entry drive demand amid supply reduction

Hyperliquid’s HYPE token has reached a significant milestone by surpassing Dogecoin and entering the top 10 cryptocurrencies with a market capitalization of $15.36 billion as of May 31, 2026, amplifying institutional interest and broadening its appeal to investors seeking liquidity and credibility in digital assets. This achievement has been matched by robust demand in U.S.-listed HYPE spot ETFs, which have attracted 11 consecutive days of net inflows totaling nearly $110 million and no outflows, directly translating into additional market liquidity and ongoing buying pressure. Further bolstering the token’s position, sustained trading activity and platform fee-driven buybacks continue to reduce circulating supply, while expansions such as HyperEVM reinforce utility and support long-term ecosystem growth.

Overbought signals mount as bullish momentum outpaces support zones

On the technical front, HYPE remains firmly above the MA-20 ($52.73), MA-50 ($46.34), and MA-200 ($35.04), with the Ichimoku Kijun offering initial support at $53.43. Daily indicators show robust momentum, with both MACD and ADX reflecting upward direction and the RSI holding at elevated, bullish levels. However, Stoch RSI, CCI, and BBP are all firmly in overbought territory, highlighting strong dominance by buyers but also signaling that short-term sentiment has become stretched. The presence of a minor gap up and a close near intraday highs suggests volatility remains elevated, with bullish momentum prevailing while pullback risks build as these overbought readings persist.

Range-bound trading likely as demand and overbought risk converge

Looking ahead, HYPE is expected to trade in a volatile range between $70.00 and $76.00 over the next five sessions based on typical price swings. The most likely scenario is sideways price consolidation within this upper zone, supported by continued strong demand and institutional inflows. A decisive break above $76.00 may trigger further buying if resistance levels fall, while a drop below $70.00 could lead to a short-term correction should overbought conditions prompt a faster unwind.

Viktoras Karapetjanc, expert at Traders Union, believes Hyperliquid’s rapid ascent into the top 10 reflects powerful shifts in sentiment and persistent institutional adoption. Macro flows into HYPE spot ETFs and ongoing buybacks reinforce both price resilience and long-term scarcity. He sees bullish momentum continuing, but acknowledges an overheated short-term setup may prompt tactical pullbacks. "I remain constructive on HYPE as long as strong demand and liquidity trends persist above $70.00."

Earlier, analysts noted that Hyperliquid’s decisive uptrend and expanding institutional participation positioned it as a rising force among digital assets. The latest surge past major psychological and market cap milestones further validates this narrative, with the current risk environment warranting close monitoring of volatility around the $70.00–$76.00 consolidation band as buyers and profit-takers compete for near-term direction.

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.