Hyperliquid’s HYPE Eyes $105 Target After 30% Rally

• HYPE jumps 30% to $74 in five days amid rising institutional demand and derivatives activity
• Price targets $100–$105 as fundamentals, technicals, and regulatory tailwinds boost momentum

Hyperliquid’s HYPE token soared over 30% in the past five days, hitting a new all-time high of $74 on June 1, 2026, in a strong bullish breakout fueled by surging institutional demand, derivatives activity, and robust platform revenue. Cointelegraph reported that Hyperliquid generated a record $57.9 million in monthly app revenue during this period, confirming the rally’s strong fundamental backing.

Open interest in HYPE derivatives reached $3.5 billion, while positive funding rates and a wave of short liquidations signaled persistent buy-side pressure. US spot HYPE ETFs logged $122.2 million in net inflows, highlighting heightened institutional participation. Meanwhile, favorable regulatory developments—especially the CFTC’s formal recognition of perpetual futures—bolstered the investment case for HYPE. Constructive macro signals and active trading supported upside momentum.

Technical analysis indicates HYPE is targeting $100–$105 in the short term, with strong fundamentals and derivatives performance fueling optimism. However, with the relative strength index (RSI) above 77, analysts warn that overbought conditions could trigger profit-taking and a potential pullback toward the $58 level.

As of June 1, 2026, 16:09 UTC, Hyperliquid (HYPE) is trading at $70.917, with a 3.529% change in 24-hour trading volume, according to the latest market survey.