Hyperliquid has performed exceptionally well in recent times compared to most tokens in the market. Its price increased from $44 to $78, gaining over 50% before meeting stiff selling pressure at its all-time high.
For now, the HYPE rally may have slowed down, but the overall trend remains unaltered. Rather than making an effort to make further gains, investors are looking at one price point for clues: $62. If buyers can defend it, another push into price discovery could still be on the table.
What you'll learn 👉
All Eyes Are on the $62 HYPE Support Level
We had a look at the HYPE chart, and the recent price action looks more like consolidation than a trend reversal. After reaching the $76–$78 resistance zone, the HYPE price pulled back and settled around $66.79.
More importantly, it remains trading above the $62 price zone, where resistance turned into support when the breakout happened. This is precisely the kind of market action that traders want to see after an impressive rally. Those who bought earlier cash out on their profits while new buyers come into the market to test its strength.
AltCryptoGems analyst Sjuul pointed to the same level, noting that holding $62 is the key requirement for another attempt at price discovery. If that support gives way, the next area of interest moves down toward the $55–$58 range.
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The Bigger Picture Still Favors HYPE Buyers for Now
The daily chart shared by The Boss tells a similar story. We had a look at the HYPE price on the higher timeframe, and the structure still consists of higher highs and higher lows following the breakout that started in May.
The token almost doubled from roughly $40 to nearly $80 before entering its current consolidation phase. That kind of pause isn’t unusual after a fast rally.
Several support levels are now stacked underneath the market. The first major level comes in around $59.26, followed by stronger zones near $48.69 and $40.76. Overhead resistance remains between $75.58 and the major barrier near $89.95.
The latest daily candle closed green after buyers stepped back into the market near support, reinforcing the idea that demand is still present despite the rejection from the highs. A move above the $75–$78 area would put the all-time high region back into focus.
Spot ETF Demand Has Slowed but Hasn’t Turned Negative
ETF activity has also settled after a strong launch. Data shared by BSC News shows spot HYPE ETFs attracted multi-million-dollar inflows for 16 straight trading sessions following their debut in early May. That streak ended on June 5 with almost $3 million in net outflows.
The spot $HYPE ETF excitement is fading…
— BSCN (@BSCNews) June 20, 2026
Spot @HyperliquidX ETFs got off to an INSANE start after launching in early May, literally seeing multi-million dollar inflows for a period of 16 straight trading days.
That honeymoon ended on June 5 when the ETFs saw their first day… pic.twitter.com/rFlGPmFWua
Since then, however, there haven’t been any additional outflow days. Two sessions recorded zero net flows, meaning investors paused instead of heading for the exits. That’s an important distinction. Stable ETF flows reduce the likelihood of large-scale selling pressure during periods of consolidation and give the market room to establish support.
What Comes Next for the HYPE Price?
The HYPE price is currently oscillating within a defined support level and a strong resistance level. With the price maintaining its position above $62 support and $59.26 daily structure level, the general bullish trend will still be intact. This way, buyers will again get another chance to test $75-$78 resistance level with $89.95 being the ultimate objective.
If sellers push the HYPE price below $62, attention would quickly move toward the $55–$59 support range, where the next major test of demand would likely take place. Until then, the chart is still bullish. The current rally has seen its strength dissipate, but the bigger picture trend is still intact, meaning the upcoming reaction at $62 is among the most critical levels to monitor.
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