Hyperliquid (HYPE) is approaching one of its most important technical support levels after pulling back from recent highs above $75. The token is now trading near its 100-day moving average around $57, a zone where buyers are beginning to step back into the market.
Can 436 million staked HYPE outweigh mounting selling pressure near long-term support?
Hyperliquid's tokenized RWA contracts generated $25.1 billion from July 13 to July 19, representing 52% of the platform's $48.2 billion weekly trading volume. RWA holders increased 32% to 1.25 million over the month, while the total value of tokenized real-world assets rose 3.5% to $36.7 billion. Hyperliquid earned $7.
Tokenized RWA trading became Hyperliquid's largest trading category for the first time, accounting for more than half of the decentralized exchange's weekly trading volume.
The HYPE token from Hyperliquid experienced a sharp 8% correction from its recent peak this Wednesday following news that three prominent cryptocurrency investment funds have initiated withdrawal processes for approximately $150 million worth of tokens.
Matt Hougan, Chief Investment Officer at Bitwise, has shifted focus toward specific investment categories poised to capitalize on the anticipated next wave of cryptocurrency growth.
Bitcoin is making a comeback, but it's not the same as before. The convergence of traditional finance and cryptocurrency is accelerated by Hyperliquid and Robinhood.
Bitwise argues that Hyperliquid and Robinhood will lead the convergence between traditional finance and blockchain in the next bull market. Matt Hougan (Bitwise) identified two types of winning investments: crypto applications with real revenue and TradFi companies building on blockchain infrastructure.
Hyperliquid's open interest reaches $11.5 billion, the highest since October 2025. Price above $100 by December 31, 2026 at 20% YES.
Bitwise CIO Matt Hougan says Hyperliquid and Robinhood will drive the next crypto bull market, boosting Bitcoin and Ether through TradFi-DeFi Hyperliquid, Robinhood expected to boost Bitcoin in next bull market: Bitwise exec.
Staking markets showed a split performance over the past week, with major networks largely holding steady while Hyperliquid (HYPE) posted a notably sharp drawdown—highlighting how quickly sentiment can diverge even among the largest proof-of-stake ecosystems. As of Wednesday at 2:50 a.m.
The Hyperliquid (HYPE) token has encountered significant downward pressure throughout the current week, declining from a recent peak of $70 to approximately $58. The cryptocurrency has shed around 15% of its value during the past week, including a sharp 7% decrease over the most recent 24-hour period.