Hyperliquid price prediction: Will $62.32 support hold as HYPE drops 7.14%?

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Hyperliquid drops 7.14% to $66.73

Highlights

Hyperliquid has restricted wallets linked to HTX, a UK-sanctioned platform, raising ecosystem participation risks due to ambiguous appeal processes.
Institutional interest in HYPE has grown, as Bitwise purchased 77,100 HYPE tokens worth $5.2 million for its new ETF amid Hyperliquid's protocol revenue exceeding $1.16 billion.
HYPE/USD faces short-term bearish momentum, trading below key moving averages, with an expected range of $62.32 to $71.14 and increased probability of further downside.

Institutional ETF flows offset user access limits after sanctions

On June 18, 2026, Hyperliquid imposed restrictions on wallets associated with HTX, a UK-sanctioned platform, limiting access without clear appeal procedures and potentially affecting user participation within the ecosystem, according to Crypto Economy. Institutional flows into HYPE-linked ETFs have increased, with Bitwise acquiring approximately 77,100 HYPE tokens valued at $5.2 million to support its new fund, as reported by Invezz. Additionally, Hyperliquid has surpassed $1.16 billion in protocol revenue and more than $10 billion in open interest, expanding its operations into equities, commodities, indices, and pre-IPO assets, according to Coinjournal.

Immediate resistance and mixed momentum signal volatile conditions

On the hourly chart, HYPE trades below the MA-20 at $67.76 and MA-50 at $70.34, reflecting immediate resistance by the Ichimoku Kijun at $69.25. Long-term trend support is found at MA-200 ($37.77). Momentum indicators show strong downside pressure, as MACD remains negative and RSI sits at 45.63. While ADX is neutral, the Stoch RSI is overbought and CCI is neutral, producing mixed oscillator reads. BBP is oversold, confirming that sellers have dominated the latest intraday session.

Downside risk persists amid narrowing volatility band

In the next 2 to 3 sessions, HYPE trading is expected to stay within the $62.32 to $71.14 volatility band relative to current levels. There is a slightly higher probability of further downside (53%) and a lower probability of an upward move (47%). A sustained break above $69.25 would open the way to higher resistance, while a move below $62.32 would signal renewed downside momentum.

Viktoras Karapetjanc, Traders Union expert, sees the recent Hyperliquid wallet restrictions as a short-term hurdle for user growth. He believes rising institutional inflows and robust protocol revenue reinforce the project's long-term appeal. Despite current volatility, Karapetjanc remains confident in HYPE’s expanding ecosystem. "As regulatory pressures play out, I expect fundamentals and institutional confidence to support renewed momentum once the market digests these near-term headwinds."

Earlier, analysts noted that despite significant institutional inflows and protocol expansions, Hyperliquid remained under heightened short-term downside risk amid prevailing market volatility. The latest developments—especially the impact of new wallet restrictions and mixed momentum signals—add further headwinds, making it critical for traders to monitor for a shift above $69.25 as a potential trigger for renewed upside momentum.

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.