$67 for $HYPE —are you brave enough to “j接” it?


First, look at the surface: the broader market is crashing hard, yet it’s been consolidating without dropping.
In the past 7 days it rose against the trend by 7%, up 165% year-to-date. Its market cap has surged to 17 billion, firmly in the top ten. In the last 24 hours, trading volume hit 400 million.
The candlesticks tell you: the 66–68 range has been defended multiple times. Pullbacks have been on shrinking volume, while rebounds have seen expanding volume. In a strong asset, pullbacks are basically “free money.” Don’t get shaken out of the car.
First thing: Bitwise has put it into an ETF—officially opening the institutional channel.
On July 8, the Bitwise 10 Crypto Index ETF officially added HYPE, with a weight of 0.93%, putting it on the same footing as BTC, ETH, and SOL.
This is the first time an ETF has issued an ID card to a “DeFi-native asset.”
Before, institutions wanted to buy HYPE? No way. Now, with one click, it’s configured—passive capital automatically buys.
HYPE spot ETF has net inflows in the million-dollar range per day, while BTC ETFs are seeing significant outflows in the same period.
Second thing: This project isn’t telling a story—it’s making real money.
On Hyperliquid, trading volume reached 1.34 trillion in the first half of the year, with revenue of 320 million.
97–99% of revenue is directly used for buybacks + burning HYPE.
The more popular the platform is, the fewer coins there are—then the price rises. That’s a positive feedback loop.
Third thing: The technical setup is textbook-level.
On the daily chart, a classic cup-and-handle pattern formed—starting from $20, rallying to 76.85, pulling back to 66–68, and now it’s “forming the handle.”
What’s the target price of the cup-and-handle?
$95–100.
Plus: pullbacks on low volume, rebounds on higher volume; the 200-day moving average is steadily holding up as support. The 66–68 support zone has been solidly reinforced countless times.
Technical, fundamentals, and flows all resonate together—something rarely seen in crypto.
Key levels
Resistance above: 70–72 → 76.85 (ATH) → 90–100
Support below: 66–68 → 61–62 → 55–58
For short-term traders:
Wait for a retest of 66–68 and buy in tranches. Stop-loss at 61. First target: sell half at 70–72. If volume breaks above 72, chase long. Stop-loss at 68, target 76–80.
For swing traders:
Build a base position in the 66–68 zone. Add more on a break above 76.85. Target 90–100. Use a moving take-profit to avoid being knocked out by a 10% pullback.
For long-term believers:
DCA in multiple batches, aiming for 100+. You’re betting that Hyperliquid evolves from a “derivatives DEX” into a “DeFi-infrastructure-level platform”—and in this track, right now it has no real competitors.
#GUSDYieldRisesto3.8%
HYPE0.41%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned