- Institutional HYPE accumulation accelerates as Bitwise expands holdings and staking exposure.
- HYPE breakout above key resistance keeps $97 and $100 targets firmly in focus.
- Strong support flip near $68 strengthens bullish momentum and price discovery trend.
Hyperliquid (HYPE) continues to dominate crypto market discussions as institutional demand and strong technical momentum drive the token to new record highs. The asset recently climbed above key resistance levels and entered deeper price discovery territory, attracting growing attention from traders, analysts, and investment firms.
Institutional Accumulation Strengthens Bullish Narrative
Recent data from Arkham revealed that Bitwise purchased $20 million worth of HYPE in a single day. Additionally, Bitwise ETF clients acquired a combined $41.8 million worth of the token during the previous week. The investment firm has also staked approximately $55 million in HYPE, highlighting increasing institutional conviction.
This accumulation trend arrives as Hyperliquid gains traction across the broader digital asset market. Consequently, many investors view the token as one of the strongest-performing assets in the current cycle.
Market participants also note that investors who entered Bitwise’s BHYP product shortly after launch have generated returns that surpassed the S&P 500’s performance over the past two years.
Analysts Eye Higher Targets as Breakout Holds
Technical analysts continue to highlight Hyperliquid’s impressive chart structure. Ali Martinez noted that HYPE invalidated previous sell signals after establishing new all-time highs.
The analyst now identifies the $97 area as the next major upside target. Furthermore, a sustained bullish expansion could eventually push the token toward $163.
The recent breakout above the critical $58.61 resistance level reinforced this bullish outlook. Since then, buyers have maintained control while creating a sequence of higher highs and higher lows. Significantly, the price recently advanced toward the $73 region, confirming strong demand and persistent market participation.
Meanwhile, BLANK Bro emphasized the importance of the newly established support zone between $67.50 and $68.50. This area previously acted as a major resistance ceiling. However, buyers successfully flipped it into support during the latest breakout phase.
Source: X
If bulls defend this level during any retest, the analyst expects another rally toward the $78 to $80 range. Conversely, a breakdown could trigger a deeper correction toward the $59 to $61 demand zone.
Related: XRP Utility Surges as XRPL Activity Jumps 35% in Q1 2026: Messari
Monthly Breakout Keeps $100 in Focus
CryptoCurb also highlighted HYPE’s powerful monthly breakout structure. According to the analyst, the token decisively cleared a long-standing resistance zone near $45, which now serves as a crucial support area. As long as HYPE remains above the $45-$50 range, the broader uptrend remains intact.
The analyst believes the next psychological milestone sits at $100. Additionally, expanding ecosystem activity, rising trading volumes, and increasing institutional participation continue to support the bullish case. HYPE currently trades near $71.54 with a market capitalization exceeding $15.8 billion, reinforcing its position among the market’s fastest-growing digital assets.
Related: XRP Price Prediction: Can XRP Hold $1.30 as Spot Flows Stay Negative?
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