Hyperliquid – HYPE has ONE hurdle before $72-$74 comes into view

After spending nearly two weeks recovering from its post-rally correction, Hyperliquid [$HYPE] is beginning to challenge an area that previously stalled rebound attempts.

That correction eventually reached $59.73, where downside pressure began losing strength and buyers started rebuilding demand. Since then, $HYPE has recovered steadily, trading at $64.97 and reclaiming a meaningful portion of the June decline.

More importantly, the rebound suggests the market is attempting to transition from correction back into recovery rather than extending the previous sell-off. On the daily timeframe, the focus extends beyond the recent $65.72 high.

If buyers maintain control, attention could gradually shift toward the broader $70-$79 region that was lost during the correction. Reclaiming that area would strengthen the case for a renewed uptrend.

However, the recovery remains unfinished. Loss of momentum and retracement toward $60.74 would suggest sellers still retain influence over the larger structure.

Can $HYPE bulls reclaim the June correction?

With buyers steadily reclaiming ground after the June correction, attention is now shifting from recovery strength to the sustainability of the advance.

On the 4-hour structure, price action suggested $HYPE was approaching its first major test since rebounding from the $53.25 support zone, with price trading near $65.85.

The immediate focus lies on the $67.11 resistance level and, more importantly, the $69.41 Fibonacci barrier. Clearing both would strengthen the recovery narrative and expose the $72-$74 region, where selling pressure previously accelerated.

However, the path higher may not be straightforward. The recent rebound has already generated significant unrealized gains, raising the likelihood of profit-taking as $HYPE approaches overhead resistance.

Moreover, RSI held near 64, showing room for further upside before reaching overheated conditions. Meanwhile, MACD remained firmly positive, suggesting bullish momentum has not yet exhausted itself.

Should sellers regain control, a retreat toward the $61.40-$58.24 support region would likely represent consolidation rather than a structural breakdown. Beyond that, maintaining support would keep the broader objective of a return toward $79.40 intact.

Final Summary

• Hyperliquid [$HYPE] has shifted from correction to recovery, but the broader uptrend still requires confirmation above overhead supply.
• $HYPE continues rebuilding lost structure, with the next resistance zone likely determining the recovery’s durability.