How High Can Hyperliquid’s HYPE Token Can Go in 2026?

Hyperliquid’s HYPE token is showing signs of recovery after testing the lower trendline of its prevailing bull flag pattern as support.

HYPE’s Flag Hints At Price Boom Toward $100

As of Tuesday, Aug. 4, the HYPE/USD exchange rate was down approximately 30% from its record high near $77, established two months ago. This downtrend coincided with weakness in the broader crypto market, as traders de-risked ahead of a potential Federal Reserve rate hike in September.

Nonetheless, the drop left behind a sequence of lower highs and lower lows, forming what appeared to be a bull flag pattern.

A bull flag pattern develops when price trends lower within a parallel descending channel after a strong uptrend. In technical analysis, such a setup resolves when the price breaks above the upper boundary and rises by as much as the height of the previous uptrend.

This week, HYPE bounced by approximately 4% after testing the flag’s lower boundary as support, increasing the odds of a short-term recovery toward the upper boundary, currently sitting around the $61–$65 area.

At the same time, the Hyperliquid DEX token may rally toward its bull flag measured target at around $100, a level coinciding with the 4.618 Fibonacci retracement line, if the price decisively breaks above the flag’s upper boundary.

In other words, a circa 85% price rally by 2026’s end.

What Could Go Wrong With This Bullish HYPE Forecast?

HYPE’s bounce has led us to a key resistance area led by its 20-week exponential moving average (20-week EMA, the green wave) near $54.35. A pullback from this zone may lead the price below the flag’s lower trendline, which will likely invalidate the bullish continuation setup.

Such a move, on the other hand, may validate the symmetrical triangle breakdown structure, as shown below.

The HYPE/USD pair has already broken below the triangle’s lower trendline and is now eyeing a decline toward $45, a level measured after subtracting the triangle’s maximum height from its breakdown point near $61.75.

This downside target also coincides with the 50-week EMA (red) and the 1.618 Fib retracement line.

A breakout above the 20-week EMA risks invalidating the triangle breakdown setup.