Hyperliquid (HYPE) is trading around $65 on Monday, down about -2.5% in 24 hours and pressing against a critical trendline that has guided the rally from early-year lows. What happens at this level over the next 48 hours matters more than most traders are pricing in.
The pullback extends the -7.5% drop over the past seven days despite a ninth consecutive week of institutional ETF inflows, a split that rarely stays quiet for long.
CoinGlass data shows Hyperliquid futures Open Interest has contracted over 2% in 24 hours to $2.72Bn, with $2.93M in total liquidations, $2.48M of that on the long side. The funding rate (the periodic fee traders pay to hold positions, which signals market directional bias) has dropped to 0.0275%, reflecting a clear tilt toward short positioning.
Meanwhile, HYPE-focused ETFs recorded $10.36M in positive flows last week, the ninth straight week of institutional accumulation. Derivatives traders and institutions are reading this chart very differently right now.
Can HYPE Price Recover to $75 or Is the 50-Day EMA the Next Stop?
The $HYPE chart is super strong.
It's ready to break out upwards, and the next target is going to be $100.
The reasons for the fact that this is the case:
– Constant revenue growth and value accrual to the token.
– Holding above the 21-Day and 50-Day MA's.
– Constant higher… pic.twitter.com/S6AZSY1Ecr— Michaël van de Poppe (@CryptoMichNL) July 12, 2026
HYPE is trading near $65 at press time, having broken below the ascending trendline support around $68.50. TradingView’s price feed confirms that the price has pulled back roughly 11% from its all-time high of $76.70, reached in mid-June.
The immediate floor is the 50-day Exponential Moving Average (EMA) at $63.13. A decisive daily close below that level opens the path toward the 50% Fibonacci retracement at $53.71, measured from the $38.17 swing low to the $75.58 swing high, a meaningful drop from current levels.
The Relative Strength Index (RSI, a momentum oscillator scaled 0–100) sits at 48, just below the neutral 50 midline, while the Moving Average Convergence Divergence (MACD, which tracks trend momentum by comparing two moving averages) has crossed below its signal line with an expanding negative histogram.
Three scenarios are in play.
Bull case: HYPE reclaims $68.50 on volume, targeting a retest of the $75.58–$76.79 resistance band and a potential wave-3 extension toward $100 flagged by TradingView analysts.
Base case: Price consolidates between $63 and $68, with institutional inflows providing a floor while retail sentiment stays soft.
Bear case: A clean break below the 50-day EMA at $63.13 accelerates selling toward the $53.71 retracement level. The key confirmation zone to watch is $65.87; hold that level, and the bull structure remains intact.
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LiquidChain Targets Early-Stage Positioning as Hyperliquid Tests Structural Support
HYPE’s setup is telling: institutional money is buying the narrative long-term while derivatives traders hedge short-term. That divergence points to a window, but not necessarily in HYPE itself, which already carries a near-$15Bn market cap.
The upside math gets harder from here. For traders who want exposure to on-chain infrastructure earlier in the curve, that’s a different conversation.
LiquidChain is a Layer 3 (L3) infrastructure project, an execution layer built on top of existing blockchains, positioning itself as the cross-chain liquidity layer that fuses Bitcoin, Ethereum, and Solana liquidity into a single execution environment (meaning traders and developers don’t have to bridge assets manually between networks).
The presale has raised $903,121.14 at a current price of $0.01479. Core features include a Unified Liquidity Layer, Single-Step Execution, Verifiable Settlement, and a Deploy-Once Architecture that lets developers build once and access all three ecosystems.
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