Hyperliquid (HYPE) Soars: Bybit Listing Ignites $60 Price Prediction 🚀💰

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After a fortnight of what can only be described as a rather tedious period of consolidation, Hyperliquid (HYPE) is once again poised to challenge its all-time highs. The recent listing on Bybit, a Tier 1 exchange, has injected a much-needed dose of excitement into the market, and the technical indicators are beginning to align with the prevailing sentiment. 📈

Hyperliquid Ascends with Bybit Listing

Hyperliquid has finally secured its place in the sun with its first Tier 1 exchange listing on Bybit. This prestigious listing, scheduled for July 11, is a significant milestone that brings the cryptocurrency into the limelight, offering retail traders the visibility and access they’ve been eagerly awaiting. It’s a clear sign that Hyperliquid is no longer a niche player but a rising star in the crypto firmament. 🌟

From a market structure perspective, such listings often serve as powerful catalysts. Market watchers are hailing this as a pivotal event that could shift the momentum in HYPE’s favor. While the cryptocurrency has been consolidating below its all-time high, the Bybit listing could provide the necessary volume boost to propel Hyperliquid to new heights. 🚀

Hyperliquid Price Prediction: Aiming for $60+

The news of the Bybit listing has coincided with a cleaner technical setup for Hyperliquid. As illustrated in SBJ’s chart, HYPE has broken out of a short-term descending trendline while maintaining support above its prior accumulation zone. The RSI is also showing signs of upward momentum, suggesting that the technicals are aligning with the price action. 📊

If HYPE can sustain its position above $42, it could open the door to some ambitious but technically sound price predictions. The $60 level, a mere 45% from current levels, is not out of the question if the breakout holds and volume continues to support the upward trajectory. 💰

Funding Rates Remain Steady as HYPE Climbs

Despite the bullish sentiment, funding rates for Hyperliquid remain at a reasonable level. As Francis points out, HYPE’s funding rates are still in the green, but notably lower than during the previous all-time high breakout. This suggests that the market is not yet overly euphoric, and leverage has not reached aggressive levels. 📈

This measured sentiment supports the recent breakout, indicating that there is still substantial strength on the sidelines. Following the Bybit listing and the clean technical breakout, HYPE has the potential to trigger a rally that surpasses its previous all-time high. 🚀

Smart Money Moves as Hyperliquid Heats Up

The positive developments have not gone unnoticed by the deep-pocketed players. According to Spot On Chain, five wallets, likely linked to a single entity, have deposited over $22 million into Hyperliquid. One of these wallets has already executed a $4.33 million buy at an average price of $43.30, while another has placed $4.5 million in limit orders, with the remaining $13.5 million still untouched. 💸

Whether this is a reaction to the breakout or a strategic pre-positioning ahead of a potential all-time high run, the structure and intent behind these flows suggest that smart money is gradually rotating into Hyperliquid. It’s a quiet, calculated move, and it comes at a time when the broader market is showing signs of improvement. 📈

Technical Outlook: $50 in Sight

Hyperliquid’s daily chart has just delivered a clear signal. As NebraskaGooner highlights, HYPE is now breaking through a well-defined resistance band at $42, which has held since early June. The current structure resembles an ascending triangle, and volumes are holding strong, indicating that the move has genuine strength. 📊

If HYPE can maintain its position above this level, the next significant zone of interest is near $50. There is minimal historical resistance in this range, making it a technically clean move if momentum continues to build. 🚀

Final Thoughts

Hyperliquid is beginning to look like more than just a momentum play. With a clean breakout above $42, low funding rates, and $22 million in smart money flows, the setup appears solid both technically and fundamentally. The expansion in volume on the breakout adds credibility, while the RSI trending above 60 suggests improving momentum. If HYPE can hold above $42, the next clear resistance doesn’t appear until the $50 to $52 range. 📈💰

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2025-07-11 15:28