HYPE Primed for 80% Surge—If Bulls Defend This Critical Support Level

Crypto's latest hype train might be leaving the station—again. HYPE token flashes bullish signals as traders eye a make-or-break price floor.

The Setup

Another day, another 'if this, then that' crypto trade. This time it's HYPE dangling the carrot of an 80% rally—provided its current support doesn't crack like a DeFi protocol's unaudited smart contract.

The Play

Technical analysts are circling $0.023 like vultures on a dying stablecoin. Hold that level, and the path clears for a run toward June's highs. Lose it? Well, there's always another 'next big thing' in crypto.

The Punchline

Whether this plays out as a legit breakout or just another 'number go up' illusion depends entirely on whether traders still believe in fairy tales—and whether Bitcoin decides to stop tanking long enough for altcoins to breathe.

The 20-day exponential moving average continues to rise and is currently acting as dynamic support. As long as the price remains above this level, the structure favors a continuation to the upside.

A decisive rebound from current levels could trigger the next leg higher, potentially targeting the 1.618 Fibonacci extension at $68.3, up roughly 80% from the current price level.

Conversely, a break below the 20-day EMA may signal short-term weakness, opening the door for a deeper correction toward the 50-day simple moving average at $31.52.

Institutional investment and whale accumulation ramp up

A few bullish catalysts appear to be driving HYPE’s positive outlook.

First, HYPE is increasingly being eyed by institutions to build strategic on-chain treasuries centered around the token. Nasdaq-listed biotech firm Eyenovia is putting $50 million into HYPE tokens and plans to rebrand as Hyperion DeFi, while Lion Group locked in a $600 million credit line to build a treasury around HYPE, Solana, and Sui, with plans to list in Asia.

Second, whales have also begun re-entering HYPE markets. According to on-chain tracking platform Lookonchain, a whale recently deposited $4 million in USDC on the Hyperliquid exchange to acquire HYPE, signaling renewed confidence among deep-pocketed holders. Such moves often influence retail sentiment and fuel broader market interest.

On-chain metrics further support the bullish case. Data from DeFiLlama shows that Hyperliquid’s total value locked has surged to $2.41 billion, an increase of over 80% in the past 30 days. This uptick reflects growing user activity, adoption, and capital inflow into the ecosystem.

Moreover, Hyperliquid’s revenue model adds fundamental support to HYPE’s valuation. The protocol directs 97% of its revenue toward token buybacks, creating consistent demand and supply-side pressure that favors long-term appreciation. Fee revenue and buyback volumes have steadily climbed over the last six months, reinforcing the asset’s bullish structure.

With price holding key support levels and momentum rebuilding, HYPE remains technically positioned for continuation.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.