Hyperliquid Approaches $75 Resistance as Market Faces Challenges

Since October 2025, the cryptocurrency market, including Bitcoin (BTC) and numerous altcoins, has experienced a downward trend. Many altcoins, even those with significant market capitalizations, have struggled to maintain a long-term bullish trajectory. Recent price recoveries for BTC and other tokens are perceived as mere rebounds within an overarching downtrend.

Hyperliquid (HYPE) is notable among large-cap tokens, having sustained a bullish long-term trend. As illustrated by the 1-week chart, HYPE has been on an upward trajectory for over a year, trading at $70.11 with a weekly increase of 7.51% and a remarkable 74% gain over the past year.

Technical Analysis of HYPE

Despite a solid bullish performance, the Relative Strength Index (RSI) has indicated lower highs in recent weeks, as HYPE bulls have attempted to push prices to new peaks. A week closing above $72.1 could signal a bearish divergence, which doesn’t necessarily imply an immediate market correction.

In the previous month, HYPE has formed a trading range between $53.35 and $74.78. Currently, the price rests above the mid-range resistance at $64.1 and has surpassed the short-term resistance zone set at $67.2. This bullish momentum persists despite notable profit-taking activities by whale traders, with market demand absorbing the selling pressure.

Market Outlook for July

As Bitcoin shows promising bullish momentum, analysts suggest that HYPE may reach towards the $75 resistance level. The On-Balance Volume (OBV) has been rising steadily, alongside an RSI positioned above the neutral mark of 50, highlighting sustained buying pressure and bullish sentiment.

Traders' Recommendations

To capitalize on potential market movements, traders are advised to wait for a decisive break from the established range. A swing trader’s opportunity may arise once the price tests either extreme of the range. However, given current conditions, the risk-to-reward ratio is unfavorable for traders. Should HYPE approach the $75 supply zone, a bearish reaction could prompt selling strategies, targeting mid-range and lower support levels.

In conclusion, Hyperliquid stands out among large-cap cryptocurrencies with its strong long-term bullish trend. The $75 resistance area is crucial for swing traders, as breaking through or being rejected from this level will likely indicate the next steps for trading strategies.