The first Hyperliquid (HYPE) ETF debut in the US on Tuesday drew attention 
quickly after the fund reportedly logged more than $1 million in inflows on 
day one. However, trading conditions changed fast. On Wednesday, HYPE’s price 
fell about 4%, sliding to roughly $38 as the broader crypto market stayed 
under pressure throughout the week and extended the downturn. Failed Attempts 
At $45 Despite the near-term weakness, one analyst believes the altcoin still 
has a clear path to substantially higher levels once the current market cycle 
improves. In a Wednesday post on social media site X (formerly Twitter), 
market analyst McKenna argued that HYPE’s recent movement resembles a local 
top on the altcoin’s daily chart. Related Reading: First Hyperliquid ETF 
Launch: Day One Volume Hits $1.8M–Key Details According to the analysis, HYPE 
has tried twice to break above the closest resistance level around $45, and 
failed both times. McKenna pointed to what he described as a “large range” 
forming between roughly $35 and $50, suggesting the token may remain trapped 
in that band for a while as traders accumulate again. The broader weakness in 
the Hyperliquid token could be linked to the continuing bear-market narrative. 
With Bitcoin (BTC) not showing a convincing breakout from current levels, the 
bear thesis is still playing out. Two Views On Hyperliquid Looking further 
ahead, McKenna’s outlook is significantly more optimistic on a fundamentals- 
based horizon. He said he expects HYPE to eventually push into “three digits” 
before summer 2027. If Hyperliquid were to hit $100 in the coming year, that 
would be an increase of over 163% from current trading levels and almost 
double HYPE&#8217;s current price record from the previous year&#8217;s bull run, when the 
cryptocurrency reached about $59. Related Reading: Coinbase CEO Unpacks The 
Crypto Bill’s Biggest Promise For The US Financial System Still, the near-term 
picture may be even more challenging. Another analyst, Umair Orakzai, warned 
on X that the chart signals are turning increasingly bearish. Orakzai said the 
trendline has “broken,” and that the appearance of large candles indicates the 
trend is no longer intact—adding that “panic” may be starting to spread. He 
suggested that the “real panic” could begin if HYPE falls below $38.8. For the 
moment, Hyperliquid investors should focus on $35 as the next major support 
level. If that floor gives way, levels not seen since March—around $29—could 
follow. Featured image created with OpenArt, chart from TradingView.com

Hyperliquid (HYPE) To $100? Expert Forecasts Major Rise Before Summer 2027

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Hyperliquid (HYPE) To $100? Expert Forecasts Major Rise Before Summer 2027

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