Hyperliquid (HYPE) Price Prediction: Can It Surge to $60 by July 14?

Hyperliquid’s HYPE token is flirting with a breakout—but can it smash through $60 this week?

Market watchers are split as volatility spikes. Some see a liquidity squeeze fueling a parabolic move, while others warn of overleveraged longs ready to get rekt. Either way, the charts are screaming for attention.

Key levels to watch: A clean hold above $55 could trigger FOMO buys, while failure here might send traders scrambling for exits. Remember: In crypto, ‘fundamentals’ are just astrology for finance bros.

• Hyperliquid (HYPE) is currently trading at $41.76 following the 6.7% daily increase and $315.7 million surge
• The protocol earned $46,000 in fees, using 97% for token buybacks, holding $1M in bids.
• HYPE creates an upward triangle; a breakout might take the price to $59, indicating strong upward movement.

Hyperliquid (HYPE) is drawing significant attention as it approaches a critical price juncture. At the time of writing, HYPE trades at $41.76, up 6.7% on the day. Despite intraday price dips, trading volume surged 34.72% to $315.7 million, signaling active profit-taking rather than a loss of confidence among holders.

Strong On-Chain Support and Technical Structure

Beyond market speculation, Hyperliquid’s ecosystem has sound fundamentals. The protocol has earned more than $46 in fees in the recent past, with an impressive 97% of those earnings being used to automatically purchase back HYPE tokens. The Assistance Fund, in charge of these buybacks, has more than $1 million worth of HYPE, bidding live at around $38.88

Hyperliquid makes 46.000 US-Dollars in 10 Minutes 97% of that goes to Buyback $HYPE pic.twitter.com/2Xij7pkFQj

Technically, HYPE navigates in a clean uptrending channel, currently NEAR its lower line—a formidable support zone in the recent past from $34.50 to $35.50. MadWhale, a chart technician, refers to the region as one key buying area, where volume is fading around support, indicating good continuation price action in store.

If the channel is to hold, the return to $46 WOULD be an 18% rebound from where it is today. The upper trendline from this channel has topped rallies before, and it’s the next resistance to monitor.

Hyperliquid Bullish Outlook Towards $59 and Beyond

Analysts from Bitcoinsensus noted that HYPE is currently consolidating tightly within an ascending triangle pattern, a classic technical signal often leading to bullish continuation. This sets the stage for a potential breakout as momentum builds in the cryptocurrency market.

If Hyperliquid surmounts its present resistance and successfully retests the breakout point, it would be able to rally to the $59 goal—a stride representing a tremendous upside from its consolidation range. The bullish configuration remains in place for as long as the rising triangle pattern remains steadfast.

As the trend gains speed and volume surges following the breakout, the traders would do best to keep close watch for confirmation signals. A confirmed breakout and retest could provide an attractive entry point ahead of an explosive rally toward the $59–$60 range.