TLDR

Hyperliquid (HYPE) trades at $40.90, sitting 12% below its all-time high of $45.80
Price forms an ascending triangle pattern with resistance at $41-$42 zone
Bybit exchange announces HYPE listing with trading starting at 9:00 AM UTC
Grayscale includes HYPE in Q3 2025 assets under consideration list
Assistance Fund injects $2.64 million buyback support on July 10

Hyperliquid’s native token HYPE trades at $40.90, up 5.22% in the last 24 hours. The cryptocurrency sits just 12% below its all-time high of $45.80.

The price action shows an ascending triangle pattern forming on the daily chart. Bulls continue defending support levels while bears protect the $41 to $42 resistance zone.

Trading volume has increased to $421.8 million over 24 hours. This represents a 40.2% jump from previous levels.

Hyperliquid Price on CoinGecko

Bybit Exchange Announces HYPE Listing

Bybit revealed plans to list HYPE on its spot trading platform. Deposits open at 3:00 AM UTC with trading beginning at 9:00 AM UTC.

The centralized exchange will add HYPE to its Main Trading Zone. Withdrawals become available starting at 10:00 AM UTC.

This listing expands HYPE’s accessibility to retail traders. The move comes as Hyperliquid captures 60% of the perpetual trading market share.

Grayscale added HYPE to its Q3 2025 assets under consideration list. This inclusion signals growing institutional interest in the token.

The investment firm’s consideration could attract more institutional capital. Grayscale’s involvement often serves as a catalyst for price movements in crypto assets.

Technical Analysis Points to Key Resistance

The 4-hour chart reveals HYPE brushing against overhead supply near $42. Price surged above resistance but has since stalled at this reaction zone.

Crypto analyst Trader_XO warns about potential weakness if HYPE fails to hold above $42. A breakdown could target the $28 to $30 region.

Not sure if Hype is carving out a lower high here, but if so then a rotation down. Into 28-30 wouldn’t surprise me.

— XO (@Trader_XO) July 7, 2025

The ascending triangle pattern suggests bullish continuation if resistance breaks. A successful breakout could push prices into the $50 zone.

Recent consolidation has lasted nearly two months. Price respects the rising trendline support while repeatedly testing upper resistance.

The Assistance Fund stepped in with a $2.64 million HYPE buyback on July 10. This represents one of the largest single-day injections recorded.

Market watchers suggest a $10 million buyback day could materialize soon. This support provides a cushion against potential breakdowns.

Hyperliquid integrated with Phantom wallet to expand platform reach. The protocol’s daily revenue has consistently exceeded both Ethereum and Solana over three months.

The platform maintains dominance in decentralized perpetual trading. Infrastructure improvements support the fundamental case for price appreciation.

Bulls need to flip $42 resistance and defend $39 support to maintain momentum. Failure at these levels could trigger distribution patterns and deeper corrections toward $30.

The post Hyperliquid (HYPE) Price: Bulls Target $50 as Bybit Listing Sparks Fresh Rally appeared first on Blockonomi.

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Filed under: Bitcoin - @ July 11, 2025 8:22 am