HYPE price faces mixed market signals as lower trading activity and ETF outflows accompany a key test of Hyperliquid’s weekly structure. On Friday, July 24, 2026, analysts watched whether buyers could defend support. That response could shape the token’s next move.
As of writing, Hyperliquid (HYPE) is trading at $58.78, showing a slight decline of 0.67% in the past day. The trading volume has also gone down by 11.26% and is currently standing at $343.39 million. Over the last week, the coin price has decreased by 3%, according to CoinMarketCap.
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What Could Drive HYPE Price Toward $150
Popular analyst Crypto Patel highlighted that the HYPE price is repeating the institution pattern before a new all-time high. Many traders see the pullback as a weakness. However, he characterized it as the hunt for market liquidity.
According to the analyst, a fair value gap of HYPE’s price weekly ranges from $47 to $54. He also marked a bullish order block from the $38 to $43 level. The 0.382 and 0.5 Fibonacci retracement levels coincide with these two technical areas.
Patel pointed out that the HYPE price weekly chart shows higher highs and higher lows. According to him, the pullback is a liquidity reset instead of a bearish trend reversal. The current formation is quite similar to the correction recorded before the previous peak.
Buyers will have to defend the identified confluence zones to confirm the bullish set-up. He noted that such a move will allow the HYPE price to retest its all-time highs. His technical chart analysis showed that $150 is the potential target in case of price discovery.
The outlook carries a clear invalidation point on the weekly chart. The weekly close below the 0.618 Fibonacci retracement level at $34 is the invalidation of the macro view.
HYPE Spot ETF Inflows Fell Below $300 Million
SoSoValue data shows a $1.02 million net outflow daily from the HYPE spot ETF on July 23. It decreased cumulative net inflows by $299.62 million. The total net asset is $294.15 million after the latest trading session.
On July 22 no daily net outflow or inflow was reported. Cumulative net inflows were steady at $300.64 million. Daily net outflow on July 21 is $698,040, while July 20 remains unchanged at $301.34 million. July 17 recorded a larger outflow, which totaled $5.45 million.
How Technical Momentum Is Affecting HYPE Price
According to TradingView data, the Relative Strength Index (RSI) stood at 40.41. Its moving average is higher at 44.49 on the daily chart. RSI remained below the neutral level of 50 but above the oversold threshold of 30.
The Moving Average Convergence Divergence (MACD) also remained negative. The MACD line stood at -1.785, below the signal line of -0.981, while the histogram measured -0.804. These readings showed that the HYPE price continued to face bearish momentum.
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This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
