🚀 Hyperliquid (HYPE) Market Analysis – July 2, 2025

$HYPE is currently trading around $38.24, up 1.81% in the last 24 hours and showing signs of renewed momentum after a volatile month. Despite a sharp correction in early June, recent inflows of $1.74 million suggest that bullish sentiment is returning.

Technically, HYPE is hovering just above a key Fibonacci support level near $36, with RSI approaching oversold territory around 30.67. This setup often signals a potential reversal. If HYPE breaks above $40 with volume, it could target $45–$50 in the short term. A drop below $35 would invalidate the current recovery structure.

Fundamentally, HYPE is the native token of Hyperliquid, a high-speed decentralized exchange (DEX) built on its own Layer 1 blockchain. It powers staking, governance, and payments within the ecosystem. The platform supports perpetual futures trading without requiring asset ownership, and it’s gaining traction for its HyperEVM and HyperBFT protocols—designed for speed and Ethereum compatibility.

Search volume for HYPE has surged, making it one of the most searched tokens in the past 24 hours. This spike in attention, combined with whale accumulation and technical support, suggests that HYPE may be nearing a breakout phase.

If momentum holds, HYPE could retest its previous high near $56 by year-end. Long-term projections place its 2028 target between $131 and $150, with potential to reach $200+ by 2030 if adoption continues.

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