The Hyperliquid chain’s whole Open Curiosity reached $11.07 billion on July 13, the best in 2026. HIP-3 markets, or Hyperliquid Enchancment Proposal 3, contributed to $3.69 billion, one other document, reported Wu Blockchain in a put up on X.
Simply a few days in the past, although, it was reported that the brand new Ethereum Layer-2, Robinhood Chain, had surpassed Hyperliquid and BNB in each day speculative curiosity.
Viral memecoin launches like CashCat helped gasoline the Robinhood quantity, and it’s unclear if this huge quantity will be sustained during times of much less memecoin hypothesis.
Hyperliquid is a market-proven product. Will this be sufficient for its worth developments to enhance in July?
The Hyperliquid uptrend stays intact
A bullish swing construction was in place for $HYPE. An upward continuation was established when the earlier swing excessive at $59.412 [green] was breached to the upside in Could. Since then, the altcoin has set a brand new excessive at $76.955.
Utilizing the transfer from $20.48 to $76.95, a set of Fibonacci retracement ranges [orange] was plotted. It confirmed that the coveted golden pocket for swing merchants and buyers sat within the $32.56-$42.05 space.
The golden pocket outlines a high-probability pattern resumption zone between the 61.8%-78.6% retracement ranges. Due to this fact, in the long term, a correction to this area ought to supply an investing alternative.
As issues stand, $HYPE is a great distance from such an enormous retracement. The CMF was above +0.05, and the OBV was climbing, to indicate regular shopping for pressure. In the meantime, the MACD signaled waning bullish momentum.
Merchants’ name to action- Respect the vary
A variety formation between $53.3 and $74.6 has been in place since early June. On the time of writing, the Hyperliquid token was buying and selling beneath the mid-range support at $64.
This signaled a possible drop towards the decrease finish of the vary. The CMF’s -0.14 studying showcased heavy capital outflows. The MACD has shaped a bearish crossover beneath the zero line to sign that downward momentum was gaining power.
Swing merchants can anticipate a drop towards $53-$54 earlier than trying to purchase. Additionally it is doable that the $60 round-number degree would possibly yield a worth bounce.
As issues stand, merchants can anticipate this vary to interrupt down earlier than they will start anticipating a correction towards $32.
Ultimate Abstract
- Hyperliquid reached its highest Open Curiosity of 2026 on Monday. Robinhood Chain’s surge in each day speculative curiosity lately may not be sufficient to topple the main DEX.
- The upper timeframe $HYPE worth developments had been bullish. For now, the $53.3 and $74.6 ranges had been those swing merchants ought to watch.
