Hyperliquid (HYPE) is storming new heights: is the rise to $300 realistic?
Hyperliquid (HYPE) continues to demonstrate impressive momentum, reaching a new price high. During trading on June 16, the asset's value hit $77, accompanied by a daily increase of over 10%. The key catalyst for this movement was a confident inflow of capital into spot exchange-traded funds (ETFs) focused on the token.
At the time of analysis, the coin is trading near $74.61, which is 67% higher than the same period last year. The project's market capitalization stands at approximately $16.57 billion, allowing HYPE to firmly hold its position in the top 10 of the global cryptocurrency ranking.
Institutional Interest as the Main Driver
The primary engine of the current rally is a large-scale flow of funds from institutional investors. Notably, on June 15, while classic Bitcoin funds recorded net outflows, investment products based on Hyperliquid showed steady growth. This reflects a global rotation of assets within the crypto-ETF sector.
Since their launch, specialized funds have attracted $153 million in net investments, with total trading volume approaching $900 million. Three major funds directly hold the token: Grayscale HYPG, 21Shares THYP, and Bitwise BHYP. In my assessment, the platform's unique tokenomics, where 99% of fee revenue is directed toward buying back and burning $HYPE tokens, creates a powerful deflationary backdrop. Combined with growing institutional interest, this forms a long-term bullish scenario.
High Leverage and a Wave of Liquidations
The aggressive inflow of investments also has a downside. Since mid-May, the platform has maintained an excessively high level of leverage, creating serious risks for all market participants. Two waves of liquidations have been recorded: at the beginning of June, long positions were liquidated due to a local correction, and in the middle of the month, short positions were liquidated amid a consistent price rise and a "squeeze" on sellers.
Notably, BitMEX co-founder Arthur Hayes fully realized his profits, selling his holdings above $72. The exit of such a high-profile figure created a short-term bearish sentiment, but buyers quickly absorbed this supply, allowing the coin to hit new price records. This indicates a high degree of confidence among major players in the asset's long-term prospects.
Technical Analysis and Price Targets
Analysis of the daily timeframe indicates that upward potential remains. Quotes have successfully consolidated above the key Fibonacci level of 1.272, which corresponds to the $70.04 mark. The next targets are: the Fibonacci 1.618 level at $83.55 and the psychological level of 2.0 at $98.47.
The Relative Strength Index (RSI) is at 63, gradually rising, but the zone of extreme overbought conditions has not yet been reached. This leaves buyers with sufficient margin to continue the assault on higher levels. However, declining trading volumes against a rising chart is a warning signal. In the event of a pullback, the historical level of $59.41 will serve as the first line of defense, while the ascending trendline at $51.05 will provide additional support.
On the weekly chart, it is clearly visible that since the end of 2024, the coin has been consistently constrained within the upper boundary of an ascending price channel. Maintaining this trend opens the path to the $128 mark in the medium term. Since the start of 2025, a massive divergence from the market has emerged: the asset has gained 164%, while the leading cryptocurrency has lost about 42% from its peaks.
Forecast: Myth or Reality of $300?
If the project reaches the volumes of the largest exchanges and launches spot trading, achieving a market capitalization similar to Robinhood (around $70 billion) would push the token price above $300. The burn mechanism, already embedded in the business model, could allow the price to grow even further. Meanwhile, the current market picture looks moderately optimistic. If buyers defend the recent breakout above $59.41, the chances of quickly reaching the $83 and $98 zones remain high. Conversely, a break below this support would invalidate the bullish scenario.
Expert Opinion: Hyperliquid presents one of the strongest fundamental cases on the market. The combination of deflationary tokenomics, a real business model generating hundreds of millions of dollars in revenue, and growing institutional interest creates the prerequisites for a significant upward revaluation. However, investors should remember the high leverage on the platform—any correction could be sharp. The long-term trend remains bullish, but short-term volatility will require patience.