Hyperliquid price prediction: Will $75.50 breakout resistance hold as HYPE jumps 7.04%?

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Hyperliquid jumps 7.04% to $73.12 today

Highlights

Hyperliquid's buyback and burn program has removed over $1.16 billion in HYPE from circulation, supporting price strength.
Institutional activity has accelerated, with inflows to US-listed HYPE ETFs exceeding $100 million since mid-May and notable acquisitions by large players.
HYPE trades in a strong bullish trend near $73, with technicals signaling overbought momentum but a likely range of $71–$75.50 and elevated upside risk.

Institutional inflows and buyback program constrict supply and boost demand

Hyperliquid's ongoing buyback and burn program, which has accumulated over $1.16 billion in repurchases funded by almost all trading fees, is driving a significant reduction in the circulating supply and anchoring current demand for HYPE. Institutional participation has surged, with Grayscale launching its Hyperliquid Staking ETF and Bitwise recently rolling out the BHYP spot Hyperliquid ETF in the US, while direct institutional inflows into HYPE ETFs have topped $100 million since mid-May. Bitwise’s recent acquisition of 112,158 HYPE tokens through FalconX further underscores the increased market activity from large players and supports liquidity expansion within the ecosystem.

Momentum signals and overbought readings heighten risk of short-term pullback

Technically, HYPE is trading well above its SMA-20 at $54.27, SMA-50 at $46.96, and SMA-200 at $35.21. The Ichimoku Kijun level on the daily chart sits at $55.67, now acting as immediate support. High momentum persists, with the D1 MACD at 8.48 and ADX at 31.79, both suggesting buyer dominance. Oscillator readings, including an RSI of 76.85, CCI at 131.81, Stoch RSI at 90.70, and BBP at 12.70, all reflect overbought conditions. The Awesome Oscillator direction is positive, confirming the ongoing uptrend, though broad overbought signals indicate that short-term exhaustion or a corrective pullback is possible.

Volatility band defined as pullback risk coexists with bullish momentum

Over the next five trading days, HYPE is likely to trade within a volatility band of $71.00–$75.50, with upside potential supported by the current bullish setup. The probability of further gains remains high, but a brief pullback toward support near $71 cannot be ruled out if profit-taking accelerates in response to overbought signals. Should momentum intensify, a breakout above $75.50 would open the way for further highs, while a less likely bearish scenario could see price retesting the $71 area before stabilizing.

Viktoras Karapetjanc, expert at Traders Union, sees HYPE’s current rally as being powered by robust institutional adoption and systematic buybacks that are directly supporting price. He believes that the recent ETF launches and aggressive token repurchases are major confidence signals for further inflows. The technical setup remains bullish, even as short-term indicators warn of brief profit-taking. "With strong demand from institutions and a shrinking supply, I expect HYPE to hold above $71.00 in the near term and push for new highs if momentum accelerates."

Earlier, analysts noted that Hyperliquid's rapid ascent reflected surging demand for perpetual futures, robust protocol revenue, and increased attention from both retail and institutional traders. With the recent influx of institutional capital, expanded ETF offerings, and ongoing supply reduction initiatives, market participants should monitor the potential for heightened volatility and sharp price movements as large players continue to shape HYPE's liquidity landscape.

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.