How High Can Hyperliquid’s HYPE Token Go in 2026?

Author: Yashu Gola
Published: August 4, 2026

Key Points

• HYPE has rebounded from bull flag support, raising the possibility of a recovery toward the $61–$65 resistance zone.
• A confirmed breakout above the flag could send Hyperliquid toward $100, representing roughly 85% upside by the end of 2026.
• Failure to reclaim the 20-week EMA near $54.35 may confirm a symmetrical triangle breakdown targeting approximately $45.

Current Market Overview

As of August 4, 2026, Hyperliquid’s HYPE token is showing signs of recovery after testing the lower trendline of its prevailing bull flag pattern as support. The HYPE/USD exchange rate is down approximately 30% from its record high near $77, established two months ago. This downtrend coincided with weakness in the broader crypto market, as traders de-risked ahead of a potential Federal Reserve rate hike in September.

Technical Analysis

The recent price action has left behind a sequence of lower highs and lower lows, forming a bull flag pattern. A bull flag pattern develops when the price trends lower within a parallel descending channel after a strong uptrend. In technical analysis, such a setup resolves when the price breaks above the upper boundary and rises by as much as the height of the previous uptrend.

Potential Price Movements

This week, HYPE bounced by approximately 4% after testing the flag’s lower boundary as support, increasing the odds of a short-term recovery toward the upper boundary, currently sitting around the $61–$65 area. If the price decisively breaks above the flag’s upper boundary, it may rally toward its bull flag measured target at around $100, coinciding with the 4.618 Fibonacci retracement line, representing a potential 85% price rally by the end of 2026.

Risks to the Bullish Forecast

Despite the bullish outlook, HYPE’s bounce has led to a key resistance area near its 20-week exponential moving average (EMA) at approximately $54.35. A pullback from this zone may lead the price below the flag’s lower trendline, which would likely invalidate the bullish continuation setup. Such a move could validate a symmetrical triangle breakdown structure, with the HYPE/USD pair eyeing a decline toward $45, a level measured after subtracting the triangle’s maximum height from its breakdown point near $61.75. This downside target also coincides with the 50-week EMA and the 1.618 Fibonacci retracement line.

Conclusion

In summary, while Hyperliquid’s HYPE token shows potential for significant upside if it can break through key resistance levels, traders should remain cautious of the risks associated with a potential breakdown that could lead to lower price targets.