HYPE down 22% from record highs: Will spot demand revive the uptrend?

HYPE price drops near a key support zone where fading selling pressure collides with shrinking futures market activity. Will the altcoin resume its uptrend above $60?

Hyperliquid's HYPE token is down 22% from its $75 all-time high, bringing its 2026 uptrend to a key test of support. Market participation has cooled across the derivatives markets, while the spot flows show early signs of stabilization after strong selling pressure in early June.

The $50-$54 area now stands out as the most important support zone beneath current prices and the first major trend test since January.

Spot selling begins to ease for HYPE

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