Hyperliquid (HYPE) Eyes Recovery as Bulls Challenge Key Resistance

Hyperliquid [HYPE] is successfully transitioning from a corrective phase into a steady recovery, signaling a potential shift in market sentiment. After finding firm ground near the $53.25 and $59.73 support zones, the token has reclaimed a significant portion of its recent losses to trade near the $65 mark. This rebound suggests that buyers are rebuilding demand and attempting to invalidate the previous sell-off.

Breaking the Correction Cycle

The current price action indicates that HYPE is no longer merely reacting to sell pressure but is actively rebuilding its market structure. On the daily timeframe, the immediate objective for buyers is to secure a foothold above the $65.72 high, which would shift the focus toward the $70–$79 region lost during the June correction. Reclaiming this upper territory is essential to confirm a renewed bullish cycle and prove the sustainability of the current advance. However, a loss of momentum could lead to a retracement toward $60.74, suggesting that sellers still maintain some influence over the larger structure.

Technical Indicators and the Path Ahead

While momentum appears positive, with the MACD remaining firmly in the green, several technical hurdles remain on the path to a full breakout. The 4-hour chart highlights immediate resistance at $67.11 and a critical Fibonacci barrier at $69.41. Clearing these levels would expose the $72–$74 supply zone, where selling pressure previously accelerated. With an RSI near 64, there is still technical "room" for upward movement before the asset reaches overbought conditions. Traders should watch the $61.40–$58.24 support region; as long as HYPE holds these levels, the broader objective of returning to $79.40 remains intact.