What to know:
- HYPE holds bullish structure after retesting breakout zone, signaling potential move toward $75–$78 resistance.
- The cup-and-handle formation suggests a strong setup, with $64 acting as a key support level.
- Bitwise staking over 1M HYPE reduces supply and strengthens the long-term outlook.
Hyperliquid (HYPE) is retesting a key breakout zone after a bullish pattern, with overall structure remaining positive for the HYPE price as long as support holds. If momentum continues, further upside toward resistance is possible. Institutional staking activity is also reducing supply, which may support price stability and potential growth.
At the time of writing, HYPE is trading at $72.41 with a 24-hour trading volume of $1.26 billion and a market capitalization of $18.34 billion. After the 1.02% gain over the last 24 hours, the HYPE price structure and whale accumulation point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: OKX vs CZ: Explosive Clash Over Hyperliquid Compliance 2026
HYPE Price Setup Points to a Move Toward $78
According to the crypto analyst Kamran Asghar, the HYPE price is currently retesting a key breakout zone after completing a bullish cup-and-handle formation, a pattern often linked with continued upward momentum.
The HYPE price has returned to its breakout area for confirmation, where former resistance is being tested as new support. Market structure remains constructive as long as buyers maintain control above key levels.
Source: Kamran Asghar’s X Post
The key support for the HYPE price lies around $64 as the level of no return for trend continuation. For this zone to be held, momentum could return up towards the $75–$78 supply region, where sellers may again resurface.
If the pullback is ultimately defended, it will confirm the validity of the HYPE price breakout and signal that the retest in prices is healthy and supporting a continuation rather than reversal in trend.
Bitwise Expands Yield Strategy With 1M HYPE Staked
The data from Whals Factor further highlighted that Bitwise Asset Management has taken a step further in their Hyperliquid ETF strategy by staking more than 1 million HYPE tokens.
This indicates that the strategy is evolving away from tracking prices to more passive means, to strategies that aim to provide yield in a more active way.
Source: Whale Factor’s X Post
This development indicates a reduction in the float, an aspect viewed positively by many as long as the demand remains constant or increases.
By locking their tokens in staking deals, ETF platforms avoid selling off their tokens immediately while earning rewards from the protocol. This shows that there is growing interest from institutions in crypto yield strategies, which increases the dilemma of owning HYPE, whether directly or through ETFs.
Also Read: Bitwise Hyperliquid ETF Surpasses 1 Million HYPE Tokens in Holdings
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