The $75 line in the sand: Hyperliquid approaches a key decision point

Since October 2025, Bitcoin [$BTC] and most of the altcoins have been trending downward. Many alts, even prominent ones, never really got a long-term uptrend going. The price gains in the past couple of days for $BTC and other tokens were only a bounce within a downtrend.

Hyperliquid [$HYPE] was one of the large-cap tokens whose long-term trend was firmly bullish.

Source: $HYPE/$USDT on TradingView

As the 1-weekchart above highlights, the swing structure has been bullish for more than a year. It was trading at $70.11, and was up 7.51%in the past week and over 74%up in a year.

This cemented the long-term bullish trend, but the RSI was forming lower highs in recent weeks while $HYPE bulls tried to push prices to new highs. Hence, a weekly session move beyond $72.1would present a bearish divergence, though it doesnt guarantee an immediate correction.

Here‘s what traders and investors can expect from Hyperliquid token’s price action.

$HYPE price prediction for July

Source: $HYPE/$USDT on TradingView

Over the past month of trading, the

DEX token

has formed a range [purple] between $53.35 and $74.78. At the time of writing, the price was above the mid-range resistance at $64.1and also the short-term resistance zone at $67.2.

This upward push came despite some profit-taking by whales. The selling was being absorbed by the demand in the market.

Combined with the recent bullish momentum for Bitcoin, it appeared likely that $HYPE can continue higher toward $75.

The OBV was climbing steadily, and the RSI remained above neutral 50. Together, they signaled steady buying pressure and intact bullish momentum.

Traders call to action- Wait

Source: $HYPE/$USDT on TradingView

The range formation needs to be cleared for the next decisive higher timeframe move. Within this range, a test of either extreme can offer swing traders an opportunity to enter.

Right now, this opportunity was not at hand. The risk-to-reward was not ideal for swing traders at the time of writing.

The technical indicators favored short-term upside. Therefore, a move toward the $75 supply zone and a bearish reaction from there can be used to sell the token, targeting the mid-range and range-low support levels.

Final Summary

• Hyperliquid was one of the only large-cap crypto assets that maintained a long-term bullish trend.
• The $75 supply zone was vital for swing traders. A breakout past, or a rejection from, this area would be a signal for traders to place directional bets.