Hyperliquid (HYPE) Price Prediction: Analysts Eye $75 Target as Bullish Triangle Signals Major Breakout

HYPE price is now holding near the $43 mark after recovering sharply from lows near $20 earlier this year, with several analysts now forecasting a potential continuation toward higher resistance zones.

Recent chart discussions from prominent crypto traders have intensified bullish sentiment around the decentralized perpetuals exchange token. While some market participants remain cautious about short-term volatility, broader trend data suggest HYPE continues to hold a constructive long-term setup.

HYPE Price Structure Turns Bullish

Crypto analyst HypeDojo recently projected that HYPE could rally toward $75 before the end of June, citing the formation of an ascending triangle on the daily chart. The analyst noted that the pattern developed after earlier successful calls predicting higher highs when HYPE was trading below $39.

HYPE continues to follow its projected bullish trajectory, with a newly formed ascending triangle on the daily chart signaling a potential move above $75 by the end of June. Source: @HypeDojo via X

The latest chart structure shows price compression beneath a horizontal resistance area, with progressively higher lows—a setup commonly associated with continuation breakouts in technical analysis. HYPE has been consolidating in the $43–$44 range in recent sessions, maintaining support above previous breakout levels.

Although enthusiasm surrounding the pattern remains high, not all traders fully agree on the interpretation. Some community participants have argued the formation could resemble a rising wedge instead of an ascending triangle, warning that failed breakouts remain possible if buying momentum weakens near resistance.

Still, the broader weekly trend continues to favor bulls. HYPE’s recovery from early-2026 lows has established a sequence of higher lows, often viewed as a sign that buyers are gradually regaining control of market structure.

Traders See $60 as Primary Target

Another widely followed trader, VikingXBT, described Hyperliquid’s long-term chart as “the best chart in the sector,” maintaining a bullish stance on the asset after reportedly entering a long position near $36 in April.

According to the shared TradingView setup, HYPEUSDT perpetuals on Bybit rebounded from the $20–$25 region earlier this year and have since recovered to the low-$40 range. The move follows a significant correction from 2025 highs above $60.

Analyst VikingXBT described HYPE’s long-term chart as one of the strongest in the sector, maintaining a bullish outlook with a $60 target after entering near $36 in April. Source: @VikingXBT via X

VikingXBT now expects the token to revisit the $60 level if momentum continues improving. The analyst also highlighted Hyperliquid’s growing reputation within the decentralized derivatives market, pointing to the platform’s trading infrastructure and expanding user activity as supportive long-term factors.

Hyperliquid has emerged as one of the more active decentralized perpetual futures exchanges during the current market cycle. Its ecosystem growth and increasing trading volumes have helped position HYPE among closely watched exchange-related crypto assets.

TradingView Indicators Suggest Bullish Bias

Technical indicators tracked on TradingView continue to support the broader bullish narrative for HYPE, despite some mixed short-term readings.

The platform currently assigns HYPEUSDT a “strong buy” composite rating across broader timeframes, particularly on the weekly and monthly outlooks. Analysts note that the rating is largely supported by moving average alignment rather than aggressive oscillator signals.

Hyperliquid (HYPE) was trading at around $42.40, down 1.04% in the last 24 hours at press time. Source: Brave New Coin

Indicators such as the Relative Strength Index (RSI), MACD, Stochastic oscillator, and Williams %R remain mostly neutral. This suggests that while bullish momentum exists, the token is not yet displaying extreme overbought conditions that often precede sharp corrections.

Longer-term moving averages also appear supportive. Market analysts note that key trend indicators such as the 50-day, 100-day, and 200-day moving averages are likely positioned below current price action, reinforcing the underlying uptrend.

At the same time, traders continue monitoring psychological resistance around the $50 level. A confirmed breakout above that region could strengthen bullish momentum further, while support zones in the high-$30 range remain important for maintaining the current structure.

Can HYPE Sustain Its Uptrend?

For now, HYPE remains in a technically constructive position as traders watch for confirmation of a larger breakout pattern. The token’s ability to maintain higher lows while consolidating beneath major resistance has kept bullish expectations intact across much of the crypto trading community.

Analysts suggest HYPE could see a short-term pullback toward a key accumulation zone before potentially staging a sharp rebound, though the setup remains high-risk due to crypto market volatility. Source: Setupsfx_ on TradingView

Still, analysts stress that confirmation remains critical. A decisive move above the $50 region could open the door for stronger upside continuation toward previous highs and potentially higher targets discussed by market participants.

Until then, HYPE appears to remain in a consolidation phase where momentum, trading volume, and broader crypto market sentiment will likely determine the next major directional move.