Hyperliquid price prediction: Bounces possible near $62.39

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Hyperliquid drops 10.93% to $66.89 today

Highlights

Bitwise added 77,100 HYPE tokens to its Hyperliquid ETF, taking ETF holdings above 1 million HYPE and AUM past $62 million.
Institutional exposure grew as HYPE hit a record high amid supply reduction, pre-IPO SpaceX futures activity, and new ETF launches by 21Shares and Grayscale.
HYPE/USD trades under short-term moving averages with bearish momentum; expected range is $62.39 to $72.02, with a 71% probability of further declines.

Institutional ETF inflows offset by sustained broad market selling

Bitwise purchased 77,100 HYPE tokens (about $5.2 million) for its Hyperliquid ETF, taking total ETF holdings above 1 million HYPE and assets under management past $62 million, according to multiple reports. The increase in institutional exposure coincided with HYPE reaching a new all-time high on June 17, following spot ETF inflows and heightened trading in pre-IPO SpaceX futures, as well as supply reduction from protocol buybacks. Open interest in Hyperliquid's perpetual futures also surpassed $10 billion, boosted by expansion into equity, commodity, and pre-IPO contracts and supported by the protocol's shift to USDC settlement. Additional ETF launches by managers such as 21Shares and Grayscale further broadened institutional access, though price action has remained under broader selling pressure.

Negative momentum intensifies as hourly signals turn oversold

On the hourly chart, HYPE is trading below its MA-20 and MA-50 but remains well above the MA-200. The daily Ichimoku Kijun level at $71.77 is identified as immediate resistance. Hourly momentum signals are negative, as MACD and Awesome Oscillator both indicate sell conditions. ADX remains neutral, reflecting the absence of a dominant trend. RSI is at 33.42 and, along with Stoch RSI, CCI, and BBP, suggests that the token is in oversold or seller-controlled territory. High volatility has accompanied today's downside price action, with price gapping near session lows.

High downside risk as trading range narrows amid volatility

Over the next two to three trading days, HYPE is expected to trade within the $62.39 to $72.02 range, representing the anticipated volatility band relative to current levels. The likelihood of further downside remains high, with a 71% probability of a downward move compared to 29% for an upside breakout. The baseline scenario is for sideways consolidation within these boundaries, while a rally above $71.77 could open additional upside potential and a drop below $62.39 may accelerate the prevailing downtrend.

Anton Kharitonov, analyst at Traders Union, sees institutional growth but remains cautious after today’s sharp decline in Hyperliquid (HYPE). He notes that technicals have turned defensive, with strong downside momentum and only the $62.39 to $72.02 range offering temporary support. Fundamentals such as ETF inflows and growing institutional holdings are positive, yet sellers remain in control for now. "Until HYPE reclaims $71.77, any bounce is suspect and I expect further volatility on the downside," the expert says.

Earlier, analysts noted that despite strong institutional demand and buybacks, Hyperliquid faced risk of a corrective move as technical exhaustion signals emerged. The current setup confirms heightened downside risk and volatility, making the $62.39–$72.02 range pivotal for short-term positioning as market participants monitor for either a decisive reversal or trend acceleration.

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.