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Hyperliquid rebounds above $60 amid whale buying but risks dropping below $55 support remain.

Technical Signals
08 Jun 2026
Crypto news
View Source
Neutral
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Hyperliquid (HYPE) recovered from a sharp selloff, trading near $61.7 after falling below $56 last week. The rebound was driven by whale investors accumulating over $79 million in HYPE, including apparent re-entry by BitMEX co-founder Arthur Hayes, who had previously sold his $18 million position. Despite renewed buying interest, bearish technical signals like a MACD crossover and resistance near $64 keep the critical $55 support level under threat. If $55 fails to hold, HYPE could face further liquidation pressure amid ongoing market volatility and regulatory concerns.

More News (HYPE)

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