- Hyperliquid’s HYPE gained 6.57% in 24 hours, trading near $40 with a $13.39 billion market cap.
- The technical bullish engulfing pattern suggests a possible retest of the all-time high $46 and further gains.
- Forecast predicts steady July growth with potential surge toward $48–$50, supported by strong buying momentum.
Hyperliquid’s native token, HYPE, is showcasing renewed strength after gaining 6.57% in the last 24 hours. The token is now trading at $39.89, pushing its market capitalization to an impressive $13.32 billion. Trading volume has surged 16.98%, reaching $279.08 million—an indicator of intensified investor interest.
The current market cap, representing the value of the circulating tokens, is of $12.38 billion. The price uptick is largely attributed to rising demand for Hyperliquid’s on-chain perpetuals and decentralized trading model.
Also Read: HYPE Token Climbs on Buybacks, Eyes $45 After Whale Surge
Hyperliquid Technical Patterns Signal Breakout
As of July 3, 2025, HYPE trades at $40.09 with a slightly higher $13.39 billion market cap. On the weekly chart, a bullish engulfing candlestick has formed, suggesting renewed buying pressure. This pattern often indicates trend reversal and appears after nearly two weeks of sideways action and correction.
The bullish engulfing candlestick represents the return of the buyers, placing a stage for more upward price action. In case the increase is sustainable, market analysts suggest that HYPE will be able to make a retest of the highest price point of $46. Such an indication will indicate that a new bullish trend is in place, at least allowing the valuation of HYPE to exceed the current value.
According to the Coingarage post, short-term support lies at $35.5, while a more critical accumulation zone is around $32. Losing this red-box zone could stall bullish momentum. Resistance levels are noted at $40 and $44, with $46 remaining the key target for a full breakout continuation.
July 2025 Price Forecast: Potential Surge Toward $48–$50 Range
Based on forecast models, the asset is in a very good position for a rally upwards during the entire month till July 2025. Kicking off at almost $43.15, the price is anticipated to follow a steady note, possibly closing in July around $43.62. This easy rise shows a small but regular rise at around 1.21%.
It is the view of the experts that crossing the 46-level resistance could trigger a new move in the third quarter of 2025 that could eventually lead the price to the range of $48 to $50. Based on the information from the charts, the buyers are obviously present in the market, with a wedge undeniably showing more buying power.
Also Read: Hyperliquid Eyes Bullish Reversal as TVL Surges Over 80%
