HYPE is pulling back 12% from the highs—do you dare to get on board?

First, take a look at the chart: painful, but nothing has broken.

From the historical high at 76.88, it slid to around 66-67 dollars—a drop of 12-13%. The 24-hour trading volume is 1.1-1.2 billion USD, and liquidity is still explosive. But don’t forget—over the past 7 days it was still up 18%, and throughout June it surged from over $50 and more than doubled.

First thing: Grayscale says it’s severely undervalued—do you believe it?

Grayscale’s latest report: HYPE is one of the most undervalued DeFi assets in 2026.

The reason isn’t complicated—

Hyperliquid’s monthly fee revenue exceeds $62 million, with annualized figures nearing $880 million.

And 97% of trading fees go directly into the fund, which buys back and burns HYPE.

Spot ETFs are already live, such as Bitwise BHYP and 21Shares THYP, and the institutional capital channel is fully open. Reports of whale-sized buying keep popping up.

Second thing: The fundamentals are so strong they’re almost ridiculous—nothing like a “shanzhai” (copycat)

What is Hyperliquid?

It’s a high-performance L1 blockchain focused on perpetual contracts + spot trading, with its own HyperBFT consensus mechanism, an on-chain order book across the whole chain, and an experience close to CEX.

Its market share in DeFi perpetuals has already hit a new high. TVL is $6.27 billion, and the ecosystem is still expanding—EVM compatibility, RWA, and lending are all progressing.

Third thing: The technicals tell you—pullbacks aren’t a bad thing

The daily/weekly charts are still in a strong uptrend channel, having been pushed from 9-10 dollars all the way to 76.88—this is a typical bull-market trajectory.

The current high-level consolidation is a healthy correction after a breakout, not a trend reversal.

The bull-bear battle—see for yourself.

On one side:

Grayscale’s report is bullish, and institutions continue buying

Monthly revenue of $62 million, annualized $880 million, with 97% used for buyback and burn

Spot ETFs are already launched, and the capital channel is open

The medium- to long-term uptrend channel remains intact—pullbacks are a buying point

On the other side:

It’s down 12% from 76.88, and short-term profit-taking is hitting hard

The broader market BTC is ranging around 64k, and the macro environment is relatively cautious

High-leverage liquidations (over $100 million in a single day) are amplifying volatility

Potential risk from large unlocks; some technical indicators suggest a possible double top

Key level: 67 dollars—just 3 dollars away from strong support at 64

Key levels:

Strong support: 64-65 dollars (being tested right now) → 55-58 dollars (prior highs + a high-volume trading concentration zone)

Resistance: 70-72 dollars (recent pressure) → 76-77 dollars (ATH, needs volume to pierce through)

Short-term traders:

Buy in batches at 65-67 dollars, and set the stop-loss below 54-55.

Take-profit plan: sell half at 70-72; once it breaks 77, look for 85-100.

Mid-term players:

DCA in the 60-67 dollar range, keeping total position size at 20-40%.

Add-to-position signals: a volume breakout above 70 and holding it, or a pullback into the “golden pit” at 55-58.

Take profit: sell 30% at 80-85, sell another 30% above 100, and keep the remaining position to ride the big meat.

Long-term believers:

Where does this bull run for HYPE end?

Some optimistic takes are already calling for over $100.

The logic: sustained income growth + ETF capital inflow + deflationary buyback → value re-rating.

Risk management:

No single trade should exceed 5% of total funds

Leverage controlled at 1-3x, with strict stop-losses

Keep a close eye on the market: if BTC crashes, HYPE will definitely follow

HYPE is not an air coin pumped by hype—it’s a “three-has” asset with income, buyback, and ETFs.

The biggest regret in a bull market isn’t buying at the top—it’s not daring to reach in during the pullback.

At 67 dollars, HYPE is only one volume breakout away from the 76.88 high.

But if 64 can’t be held, there’s still the golden #我的Gate交易时刻 pit at 55-58 waiting for you below.