Hyperliquid ($HYPE) has broken out of its two‑week post‑rally correction, lifting the price to $64.97 and recapturing a sizable portion of the June decline.
Price Recovery Details
The correction bottomed out at $59.73, where selling pressure weakened and investors began to rebuild demand for the crypto token. Since that level, $HYPE advanced steadily, surpassing the recent high of $65.72 and signaling a shift toward recovery rather than a continued sell‑off. The rebound has restored confidence among blockchain traders who were watching the market closely.
Potential Upside Zones
If bullish momentum persists, analysts expect the price to target the broader $70‑$79 range that was erased during the correction. Reclaiming that corridor would reinforce the case for a renewed uptrend and could attract additional capital from crypto investors. Conversely, a loss of steam could pull the token back toward the $60.74 support, indicating that sellers still hold sway over the larger structure.
Short‑Term Technical Outlook
On the 4‑hour chart, $HYPE trades near $65.85, approaching its first major resistance since rebounding from the $53.25 support zone. The immediate hurdle sits at $67.11, and a successful break could pave the way toward a $69.41 target. Market participants will monitor these levels closely as they gauge the sustainability of the current advance in the crypto market.