Hyperliquid [HYPE] is attempting to convert a two‑week rebound into a fuller recovery, with the token now challenging price areas that previously halted upside attempts after its post‑rally correction. Analysts tracking the move note that the decline bottomed at $59.73, where selling pressure began to fade and buyers rebuilt demand. Since that low, HYPE has advanced to $64.97, recapturing a meaningful share of June’s pullback while testing the durability of the bounce.

Market Outlook

Analysts say the improving tone suggests the market is trying to transition from a corrective phase back into a recovery rather than extending the prior sell‑off. On the daily timeframe, focus has shifted beyond the recent $65.72 swing high toward price bands that were surrendered during the June drawdown. According to this view, the broader $70–$79 region remains the next meaningful hurdle; reclaiming it would reinforce the argument that a renewed uptrend is taking shape, though confirmation still depends on sustained follow‑through above overhead supply.

Analyst Views

Short‑term technicians emphasize that the rebound’s character matters as much as its magnitude. The recovery has been steady, but analysts caution that the structure remains unfinished. A loss of momentum accompanied by a retracement toward $60.74 would indicate sellers still hold influence over the larger setup, undermining the case for an immediate trend resumption. Conversely, continued buyer control would strengthen confidence that the correction has given way to a constructive base‑building phase.

Key Levels to Watch

On the 4‑hour structure, market watchers flag that HYPE is nearing its first significant test since bouncing from the $53.25 support zone, with price recently trading near $65.85. The immediate focus centers on resistance at $67.11 and, more importantly, the $69.41 Fibonacci barrier. Analysts contend that a clean break above both levels would add weight to the recovery narrative and open the way toward the $72–$74 band, an area where selling pressure previously accelerated. Such a development, they add, would meaningfully improve the odds of revisiting the broader $70–$79 region highlighted on the daily chart.

Still, the route higher may be uneven. The recent climb has produced notable unrealized gains, a setup that often encourages profit‑taking as price approaches resistance. Analysts therefore expect the market’s reaction around $67.11 and $69.41 to be instructive for gauging whether buyers can absorb supply without a deeper pullback.

Momentum and Structure

Momentum indicators remain a focal point for technicians. Relative Strength Index (RSI) has held near 64, which analysts read as allowing additional room for upside before conditions become overheated. At the same time, the Moving Average Convergence Divergence (MACD) has stayed firmly positive, signaling that bullish momentum has not yet been exhausted. This combination supports the view that the rebound can continue—provided resistance levels are converted into support and dip‑buyers remain active on minor setbacks.

Risk Scenarios

Analysts also outline scenarios that would challenge the recovery. Should sellers regain the upper hand, a retreat toward the $61.40–$58.24 support region would likely mark consolidation rather than a structural breakdown, provided bids stabilize within that zone. Maintaining support there would keep the broader objective of a return toward $79.40 intact, even if the path involves additional back‑and‑fill price action. A decisive move below those supports, however, would signal that the corrective phase is not yet complete and that buyers may need more time to rebuild a durable base.

What Would Confirm Further Upside

From the technical perspective laid out by analysts, confirmation hinges on a sequence of events: sustained closes above $67.11, follow‑through through $69.41, and evidence that supply near $72–$74 is being absorbed without sharp rejection. Achieving these milestones would enhance the probability that HYPE can reclaim the $70–$79 region relinquished during the June sell‑off. Until then, the market remains in a recovery attempt, with clear checkpoints that must be passed to validate a continued advance.

Bottom Line

In sum, analysts view Hyperliquid [HYPE] as having shifted from correction toward recovery, but they stress that the broader uptrend still requires confirmation above overhead supply. The next resistance cluster—first at $67.11 and then at the $69.41 Fibonacci barrier—will likely determine the recovery’s staying power. Momentum remains supportive, with RSI near 64 and MACD positive, while any pullbacks toward $61.40–$58.24 are seen as consolidation as long as support holds. A sustained push that reclaims the $70–$79 region would strengthen the case for a renewed uptrend and keep the longer‑term objective toward $79.40 in focus.