HYPE surges 12% in 6-day winning streak – Will THIS trigger move to $76?

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CryptoNewsNet2026/06/17 09:57

By:CryptoNewsNet

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HYPE surges 12% in 6-day winning streak – Will THIS trigger move to $76?

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HYPE surges 12% in 6-day winning streak – Will THIS trigger move to $76? image 1

With a 12% price surge, Hyperliquid [$HYPE] extended its rally for a sixth consecutive day. Whale and institutional demand continued to support the move.

At press time, $HYPE traded at $71.75, up 12% over the past 24 hours. Trading volume also jumped 98% to $1.33 billion, reflecting strong market participation.

The rise in volume alongside price suggested investors remained confident in the ongoing uptrend.

Why are big investors buying $HYPE?

Growing interest from whales and large market participants continued to support $HYPE’s rally.

Recently, Onchain Lens reported that a whale deposited $5.5 million in USDC to Hyperliquid and opened a long position on 120,000 $HYPE worth $7.86 million using 10x leverage.

Meanwhile, another analyst reported that wallet address 0xf7A withdrew 47,000 $HYPE worth $3.16 million from Bybit.

On top of that, Wall Street investors appeared to be following a similar trend. According to SoSoValue, $HYPE spot ETFs recorded $17.19 million in inflows on the 15th of June 2026. The inflows pointed to growing demand from traditional investors and added another layer of support to the rally.

HYPE surges 12% in 6-day winning streak – Will THIS trigger move to $76? image 2

Source: SoSoValue

Are traders still betting on upside?

Derivative traders also appeared to be backing the move.

At press time, $HYPE’s Long/Short Ratio stood at 1.06, indicating bullish positioning among traders.

Meanwhile, the OI-Weighted Funding Rate turned positive and climbed to 0.0346%. This suggested that traders were willing to pay a premium to maintain long positions. That alignment between whale activity, ETF inflows, and derivatives data reinforced the bullish outlook.

HYPE surges 12% in 6-day winning streak – Will THIS trigger move to $76? image 3

Source: CoinGlass

Can $HYPE reach $76?

According to TradingView’s four-hour chart, Hyperliquid [$HYPE] maintained a bullish short-term structure.

The altcoin also traded above the 200-day Exponential Moving Average (EMA), indicating that buyers remained in control. Based on current price action, $HYPE could retest $76 if it holds above the $65 support level.

HYPE surges 12% in 6-day winning streak – Will THIS trigger move to $76? image 4

Source: TradingView

A breakout above $76 could open the door to a new all-time high. However, failure to clear that level may trigger another pullback. That history kept traders focused on a resistance area that previously rejected the price on the 2nd and 4th of June 2026.

Further supporting the bullish case, the Average Directional Index (ADX) climbed to 34.47. A reading above 25 typically signals a strong trend.

Final Summary

$HYPE gained 12% and extended its winning streak to six consecutive days.
Whale accumulation, ETF inflows, and bullish derivatives data continued to support the rally.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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