- Hyperliquid ($HYPE) holds a strong uptrend with all major EMAs stacked bullish.
- $HYPE price is testing $75.62 resistance after the recent all-time high move.
- RSI neutral at 62, leaving room for a continued momentum move.
$HYPE has remained one of the strongest-performing digital assets in recent weeks as growing activity on the Hyperliquid ecosystem continues to attract attention across the crypto market.
The token recently climbed to a new all-time high of $76.70 before pulling back slightly to around $72.50 at the time of writing.
Despite the retracements, $HYPE is still up more than 30% over the past seven days and more than 52% over the last month.
The rally comes at a time when Hyperliquid is reporting record levels of trading activity, revenue generation, and derivatives market participation.
Hyperliquid revenue growth continues to accelerate
Hyperliquid’s revenue growth has emerged as one of the biggest talking points surrounding Hyperliquid in 2026.
The platform has generated more than $1.16 billion in cumulative revenue, placing it among the highest-earning crypto protocols in the market.
The growth has been driven by rising trading volumes across its perpetual futures markets, which have attracted both retail traders and large institutional participants.
Notably, trading activity has remained strong throughout the year, with the DEX recording approximately $1.38 billion in 24-hour trading volume, while total value locked on the platform has climbed to roughly $6.38 billion.
The strong revenue figures are particularly notable because they come as Hyperliquid continues expanding beyond its original crypto-native derivatives business, with new markets tied to equities, commodities, indices, and pre-IPO assets broadening the platform’s reach and creating additional sources of trading activity.
Hyperliquid’s open interest surpasses $6 billion
Another major milestone arrived when Hyperliquid’s total open interest crossed $6 billion on June 14.
This places Hyperliquid among the largest perpetual futures venues globally and highlights the platform’s growing influence within the derivatives market.
Earlier in the year, Hyperliquid controlled around 8.3% of global perpetual futures open interest, demonstrating how quickly it has gained market share against established competitors.
$HYPE price outlook
While the Hyperliquid price action has cooled slightly from its recently reached all-time high, the broader structure still points to a market that is holding a strong upward trend rather than reversing it.
On the technical side, the short-term setup remains firmly positive.
A majority of the technical indicators are bullish.
Oscillators are showing a buy bias, while moving averages are fully aligned on the upside.
The token is trading above all major daily exponential moving averages (EMAs), including the 10-day, 20-day, 50-day, 100-day, and 200-day EMAs.
This type of full EMA stack typically reflects sustained trend control by buyers rather than short-lived momentum.
The RSI (14) sits at 62, which places it in neutral territory with a slight upward tilt.
The RSI is not in overbought conditions, meaning there is still technical room for continuation if momentum returns.
However, price is now approaching a key decision area, and a daily close above the first major resistance at $75.62 would be required for $HYPE to enter the next phase of price discovery.
But if the market becomes overbought and pulls back, the key structural support is positioned at $56.50.
A break below $56.50 would represent a meaningful shift in the current bullish structure.
