Hyperliquid DEX’s native token HYPE may pump 35% in the coming weeks as it paints a convincing bullish continuation pattern.
HYPE Triangle Setup Shows $90–$100 Price Target
Dubbed “symmetrical triangle,” the setup forms when price trends within a range defined by a downward-sloping trendline (resistance) and an upward-sloping trendline (support).
It typically resolves when the price breaks out in the direction of its prior trend. In HYPE’s case, the prevailing trend is bullish.
Conversely, a rejection from the triangle’s upper trendline could send HYPE back toward its 20-day EMA (green) near $66.45. A deeper correction may expose the 50-day EMA near $61.90, which closely aligns with the triangle’s rising lower trendline and serves as the next key support area.
HYPE Token Unlock May Test the Bullish Setup
The technical breakout setup coincides with Hyperliquid’s July 6 token unlock, which is set to release 9.92 million HYPE. The tranche was valued at roughly $630 million based on prices in the mid-$60s and is equivalent to about 3.92% of the token’s existing circulating supply.
The added supply may raise short-term selling concerns as HYPE approaches its triangle resistance. Still, token unlocks do not automatically translate into market sales. Hyperliquid’s team and early backers have historically restaked unlocked tokens to earn protocol fees, according to previous analysis.
HYPE’s reaction to its six-monthly unlocks in 2026 has also been mixed. The token declined in the seven days following the January, February, and May events but gained after the March, April, and June unlocks.
On average, HYPE rose 4.17% in the week following those six unlocks.
