Hyperliquid Price Prediction: HYPE Eyes Next Big Move
HYPE is sitting around $60.123 right now, trading fairly flat after getting knocked down hard from higher levels a couple of sessions back.
The Hyperliquid price prediction picture today really comes down to one thing: whether this tight little range HYPE has been stuck in breaks upward or gives way to more selling.
It's shaping up as a pole and pennant setup, and where it resolves should give a decent read on the next leg for the coin.
HYPE Market Snapshot
| Metric | Value |
| Price | $60.123 |
| 24h Change | -0.96% |
| Market Cap | $15.22B |
| Futures Volume (24h) | $1.41B |
| Spot Volume (24h) | $90.64M |
| Open Interest | $2.54B |
| Circulating Supply | 252.86M HYPE |
| Total Supply | 953.18M HYPE |
| Max Supply | 953.18M HYPE |
Source: Data from Coinglass as of 20/07/2026. Figures may vary slightly across other tracking websites.
Latest Hyperliquid News Today
As per the crypto banter on X, Hyperliquid has announced plans to roll out permissionless deployment of HIP-4 Outcome Markets, a move that would let anyone create their own prediction-style markets on the platform.
The rollout will begin on testnet as part of a future upgrade before eventually making its way to mainnet.
To deploy one of these markets, users will need to stake 500,000 HYPE tokens, and that stake is at risk of being slashed if a market has unclear definitions or ends up with incorrect settlements.
Validators will be responsible for approving standardized templates that deployers can use, and in return, deployers stand to earn up to 50% of the trading fees generated by the markets they create.
Hyperliquid Liquidation Data
As per the data from CoinGlass, the liquidation numbers make it pretty clear who's been getting hurt lately, and it's mostly the longs.
In just the last hour, $107.50K got wiped out, with $106.99K of that coming from long positions and only $503.70 from shorts.
Stretch that out to 4 hours and total liquidations climb to $309.99K, again dominated by longs at $289.31K versus $20.67K on the short side.
Over 12 hours the number jumps to $695.06K, with longs eating $602.91K of the damage against $92.14K for shorts.
And across the full 24 hours, liquidations hit $949.52K total, with $719.96K coming from longs and $229.56K from shorts. Basically, anyone leveraged long into this recent bounce has been paying for it.
Hyperliquid Price Prediction Technical Outlook
Here's how this played out on the chart. HYPE ran up into a resistance zone around $68.982 and got rejected almost instantly, sparking a full day of steady selling.
Then, a day later, price climbed all the way back up to that same zone and printed a big bullish candle that looked, at first glance, like the start of a real breakout.
It wasn't. That candle turned out to be a liquidity sweep above $69.10, the kind of move that traps buyers who jump in thinking a breakout is underway
Once that liquidity got grabbed, sellers came back in hard and rejected the price straight back down, wiping out the entire prior upmove in roughly the same amount of time it took to build.
That drop dragged HYPE down to around $58.546, and it's been consolidating there ever since, tightening up into what looks like a bearish pole and pennant. The sharp fall is the pole, and this current sideways coil is the pennant.
If HYPE manages to break out of this pennant to the upside, the first level to watch is $64.888. Clear that, and the $68.982 to $73.010 zone comes into focus next, with $76.986 sitting further out as the bigger target if momentum really carries through.
If instead the price breaks down out of the pennant, $58.546 is the first support in play, and a clean loss of that opens the door toward $52.661 as the next real level of interest.
$HYPE Support and Resistance Levels
| Type | Level | Note |
| Resistance 3 | $76.986 | Bigger upside target if breakout carries through |
| Resistance 2 | $68.982 - $73.010 | Zone tied to the earlier liquidity sweep and rejection |
| Resistance 1 | $64.888 | First resistance if the pennant breaks higher |
| Current Price | $60.123 | Coiling inside pole and pennant structure |
| Support 1 | $58.546 | Pennant support, the level to hold |
| Support 2 | $52.661 | Deeper support if $58.546 fails |
$HYPE Risk-Reward Table
| Case | Trigger | Target |
| Bull Case | Holds $58.546 and breaks above the pennant, clearing $64.888 | Move toward $68.982 to $73.010, with $76.986 as stretch target |
| Bear Case | Breaks down and closes below $58.546 | Slide toward $52.661 |
Invalidation Level
This bearish continuation idea would fall apart if HYPE closes above $64.888 on decent volume, since that would suggest buyers have actually taken the pennant and could keep pushing toward $68.982 and beyond. On the flip side, a close below $58.546 breaks the pennant to the downside and puts $52.661 back on the table.
Expert View
As per CoinGabbar market analysts, the whole story here is the liquidity sweep above $69.10. It trapped a bunch of buyers who thought a breakout was happening, and the reversal that followed wiped out the entire prior rally almost as fast as it formed.
Now HYPE is just sitting tight above $58.546, and that level has held so far as the line in the sand for buyers. Get a close above $64.888, and the $68.982 to $73.010 zone becomes the next real fight.
Lose $58.546 instead, and $52.661 is probably where this heads next. Either way, how this pennant resolves, and whether volume actually shows up when it does, should set the tone for HYPE going forward.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Cryptocurrency markets are highly volatile, and price predictions are not guaranteed. Please do your own research before making any investment decisions.
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