TLDR
- HYPE trades near $55, still about 28% below its June 16 all-time high of $76.87
- Analysts flag $52-$53 and $51 as key support zones traders are watching
- A reclaim of $57 and $59 could open a path toward $67
- xStocks launched tokenized stocks and ETFs on Hyperliquid for round-the-clock trading
- Hyperliquid’s HIP-3 real-world asset markets are seeing growing open interest, led by the S&P 500
Hyperliquid’s HYPE token is trading near $55 as of August 12, 2026. That price sits about 28% below the token’s all-time high of $76.87, set on June 16.
Traders are watching whether HYPE can hold recent support or slip toward lower levels. The token has shown small gains and losses over the past day, depending on the data source.
Separate reports place HYPE between $54.56 and $55.39, with 24-hour trading volume ranging from $185 million to $253 million.
Analyst Cryptoprime247 pointed to the $52-$53 range as a support zone after HYPE’s drop from its June peak. Buyers have tried to push price back above $55 but have not held it for long.
Trader JordiCharts named $51 as a critical level for HYPE. He said a break below could send price into a demand zone in the low $40s, while reclaiming $59 would be a healthier sign.
Pivot calculations referenced in market data place support near $51.11 and resistance near $59.16, close to the levels named by both analysts.
HYPE Eyes a Move Toward $57
Crypto analyst BATMAN said HYPE bounced off its three-day moving average and reclaimed a support level it had lost. Price is now retesting that zone.
BATMAN said that if the support holds, HYPE could work toward a $57 target. He added that confirmation is still needed before that move plays out.
Trader melonfarmer5 pointed to $67.20 as a monthly value-area reference. He described the setup as having a bullish bias if Bitcoin stays supportive.
Not every analyst expects a quick recovery. Altcoin Sherpa said HYPE may suit a passive accumulation approach rather than a short-term trade right now.
Altcoin Sherpa said HYPE could fall toward $42 before a stronger recovery begins. A reversal from that zone, he said, could eventually open a path toward $75.
xStocks and HIP-3 Expand Hyperliquid’s Reach
xStocks announced its launch on Hyperliquid, bringing tokenized stocks and ETFs to the network through HyperCore technology. The first release includes five tokenized stocks and ETFs tied to the platform’s highest open interest markets.
The launch allows trading of these assets around the clock, without the hour limits of traditional stock markets.
The account Hyperliquid Daily shared data showing growth in HIP-3 real-world asset markets. The S&P 500 market leads with $490.5 million in open interest, followed by SKHX at $454.2 million.
SPCX and Brent Oil hold $254.7 million and $233.6 million in open interest. Other markets, including XY100, CL, and Silver, also show activity above $100 million each.
Hyperliquid’s Assistance Fund continues to buy back HYPE using protocol fees. As of May 19, 2026, the fund had removed 44.35 million HYPE from circulation, about 4.4% of the token’s initial supply.
Hyperliquid recorded about $218 billion in trading volume during July, even as activity across decentralized perpetual exchanges slowed overall.
