Hyperliquid to $70: How high can it go by 2026?

Hyperliquid Reclaims $60 

Currently trading in a price range between $60.24 and $60.46, HYPE is posting an impressive gain of over 8.5% over the last 24 hours. This bullish momentum is driven by growing institutional adoption and increased participation in the derivatives market.

Indeed, the standout event of the week remains the massive influx of capital: Hyperliquid ETFs have recorded $36 million in net inflows within just five days. This rally is also fueled by Arthur Hayes, whose recent moves have reignited speculation around the token, further strengthening the bullish sentiment among investors.

Can Hyperliquid (HYPE) Reach $70?

From a technical standpoint, HYPE is at a decisive crossroads. The price is currently testing a critical resistance located in the $60 to $61.6 zone, a level that corresponds to its previous all-time highs. A confirmed breakout above this psychological threshold could pave the way for a new phase of price discovery toward $70.

However, several technical indicators suggest caution. The RSI is venturing into overbought territory and displaying bearish divergences on the LTF. Nevertheless, as long as HYPE holds above $60, a breakout remains imminent. In fact, HYPE has already broken upward out of its compression triangle.

In short, if the market manages to sustain its momentum and consolidate above $60, the next major target will take shape much higher. Conversely, a rejection at this resistance zone could trigger a correction toward the key $40 support, a level where institutional buyers might step in once again.

The 30m TPO indicates a PH at $62.5. A close above this level would be a strong signal for a bullish continuation. Otherwise, HYPE has formed a range with a low at $57.

Therefore, as long as HYPE does not drop below $57 and maintains this area as support, there is no need to panic, and the upside is just a matter of timing. Moreover, this $57 zone features two 30 minute order blocks, a sign that smart money bought the dip this weekend, which increases the probability of a bullish continuation, provided Bitcoin stays the course.

How High Can the Price of HYPE Go After This Rally?

The hype surrounding Hyperliquid is not limited to price charts. Social activity around the project has reached record levels, amplifying volatility and attracting a new wave of retail traders. This dynamic, coupled with steady ETF inflows, creates an environment ripe for explosive market movements.

At the time of writing, the largest short term liquidation cluster is building to the upside at $63.5. A breakout therefore seems more likely in the coming days. A liquidation of this cluster, correlated with price discovery, could accelerate HYPE toward $70 over the next few days.

Nevertheless, the question of the sustainability of this move arises. If Arthur Hayes’ influence and the expansion of the options market continue to support demand, HYPE could establish itself as one of the undisputed leaders of this cycle. Traders will need to closely monitor trading volumes to confirm the strength of the current trend.

While technical signals show obvious overheating, the network’s fundamentals have never looked stronger. Is this the ideal time to accumulate HYPE before another surge, or is it better to wait for a leverage flush to position yourself at a better price?

Sources:

• Tradingview
• MMT
• Hypurrintel
• AMBCrypto

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