Hyperliquid: Can the HYPE explode to $150 by July?

Arthur Hayes Targets $150: Madness or Reality?

Investor attention has suddenly turned to Hyperliquid following a bombshell statement from Arthur Hayes, former CEO of BitMEX. He revealed his intention to accumulate more tokens, setting an ambitious price target of $150 by July 2026. This projection immediately ignited the crypto community on X, creating a bullish sentiment around the project. He even retweeted several posts highlighting Hyperliquid’s outperformance compared to Coinbase.

At the time of writing, HYPE is trading around $29.80, showing slight consolidation (-2% over 24h) after testing the $30.30 zone. Trading volume has surged by over 14%, indicating that whales and retail traders are actively monitoring the area. If Hayes’ vision materializes, this would represent an impressive multiplier from current levels, but the path remains fraught with technical obstacles.

Technical Analysis: A Confirmed Breakout Above $29?

From a chart perspective, HYPE’s structure looks promising. The token recently validated a breakout above a descending triangle, a pattern typically indicative of a bullish resumption. The $29 level now acts as critical support. As long as the price maintains above this zone, analysts anticipate a potential 20% rally, with a first short-term target set at $36.

However, caution remains warranted. The ADX (Average Directional Index) indicator sits at 12.26, well below the 25 threshold, signaling that the current trend strength remains weak. Conversely, the RSI (Relative Strength Index) hovers around 58, leaving comfortable room before reaching the overbought zone. This divergence suggests that if momentum accelerates, the explosion could be swift, but the market still lacks strong directional conviction.

But there are numerous seller order blocks on the 3-day timeframe to the north. Price action in the zone between $33 and $50 will be crucial. If HYPE breaks through this liquidity zone with ease, then new highs in the coming months are clearly achievable.

Scenarios: Can HYPE Explode?

HYPE’s short-term fate rests on defending the $29 support. If the bulls manage to preserve this level and push the price toward $36, the door would be open to validate Arthur Hayes’ long-term thesis. Derivatives data shows that intraday traders favor long positions ($14.49M) over shorts ($4.70M), betting on a continuation of the move.

Conversely, a bearish scenario cannot be ruled out. If HYPE were to close a 4-hour candle below $28, this would invalidate the current bullish structure. Such a break could trigger a wave of panic selling and send the token back to lower price zones.

Related Articles:

• Bitcoin whale moves $760M after Trump announcement: Market in turmoil?
• Bittensor: Will TAO surge to $250 or continue its downtrend?
• Japan’s record debt: Could Bitcoin benefit from the economic strain?