According to reports from AMBCrypto, Hyperliquid [HYPE] is currently trading around $65, representing a 4.58% daily gain. The altcoin has successfully maintained its position above the critical $60 support level and achieved a local high of $67 before experiencing a slight retracement. Market activity has shown significant improvement, with trading volume climbing 88% at press time, indicating heightened investor interest and participation. The token has demonstrated remarkable strength over the past year, gaining over 74% and maintaining a 7.51% weekly gain, positioning itself as one of the few large-cap crypto assets with a firmly bullish long-term trend since October 2025.
As reported by Lookonchain data cited in the AMBCrypto analysis, a whale linked to a16z deposited 77,402 HYPE tokens, valued at $5.18 million, into OKX and Bybit exchanges. This whale had previously accumulated HYPE aggressively but appears to be rotating into other assets. Following the sale, the whale purchased $782,000 worth of ETH, signaling a strategic shift toward Ethereum, which continues to trade below its peak price levels. Despite whale profit-taking activities, the broader market sentiment remains optimistic, with the selling being absorbed by strong demand in the market. The recent bullish momentum for Bitcoin has appeared likely to continue HYPE higher toward $75, though technical indicators suggest this represents a critical decision point for the token's next major move.
According to the AMBCrypto report, HYPE has formed a clear range between $53.35 and $74.78 over the past month of trading. At the time of writing, the price was above the mid-range resistance at $64.1 and also the short-term resistance zone at $67.2. The OBV was climbing steadily, and the RSI remained above neutral 50, signaling steady buying pressure and intact bullish momentum. However, the RSI was forming lower highs in recent weeks while HYPE bulls tried to push prices to new highs, creating a potential bearish divergence. A weekly session move beyond $72.1 would present this bearish divergence, though it doesn't guarantee an immediate correction. The technical setup suggests that a decisive move toward the $75 supply zone would be crucial for determining the next major directional move for the token.
As analyzed by AMBCrypto, the current range formation requires clearing for the next decisive higher timeframe move. Within the established range, a test of either extreme can offer swing traders an opportunity to enter, though the risk-to-reward ratio is not currently ideal for swing traders. The technical indicators favor short-term upside momentum, suggesting that a move toward the $75 supply zone and a bearish reaction from there could be used to sell the token, targeting the mid-range and range-low support levels. The $75 line in the sand represents a vital decision point for HYPE, with a breakout past this area or a rejection from it serving as a signal for traders to place directional bets. The current market dynamics suggest that while institutional selling pressure exists, retail demand continues to provide strong support for the token's price recovery, though the next major move will likely depend on how HYPE handles the critical $75 resistance level.
