Hyperliquid Open Interest Tops $13 Billion as HYPE Breaks Major Resistance

Summary

• Hyperliquid open interest crossed $13 billion since October as HYPE broke major resistance and reached $82.50 briefly during trading.
• HYPE trades above moving averages near $63.16, $61.09, and $58.55, while daily RSI near 80 signals overbought conditions across the market.
• Holding $75–$77 support could preserve breakout structure, while losing it may increase liquidation pressure and expose $60–$63 support below price.

 

Hyperliquid open interest has crossed $13 billion for the first time since October, reflecting increased derivatives exposure across the platform. HYPE has also broken above major resistance, briefly reaching $82.50 before settling near $79.30.

The combination of rising prices and open interest indicates that traders are adding exposure while HYPE explores higher price levels. Open interest measures the number of outstanding futures contracts that market participants have not yet settled.

Therefore, growth above $13 billion suggests more capital has entered leveraged positions during the latest price advance. Additionally, higher trading volume has supported HYPE’s movement beyond its previous resistance zone.

HYPE previously traded between $75 and $77, with sellers blocking multiple advances in June and July. Buyers eventually cleared that barrier as stronger market participation supported the breakout.

The token has climbed from roughly $56 toward $80 across several trading sessions. Consequently, HYPE now trades considerably above major moving averages near $63.16, $61.09, and $58.55.

Also Read: Stacks (STX) Price Prediction 2026–2030: Can STX Hit $1?

HYPE Faces Important Support Test as Leverage Expands

Despite the bullish structure, derivatives positioning introduces additional risk if market momentum weakens. HYPE’s daily Relative Strength Index sits near 80, placing the token firmly within overbought territory.

An elevated RSI does not guarantee an immediate correction. However, substantial leveraged exposure could increase liquidation activity if traders begin reducing positions during a price decline.

Significantly, the former $75 to $77 resistance range now represents the first major support test. Holding this region could strengthen the breakout structure and help establish $80 as another support level.

Moreover, sustained buying above $80 could bring the psychological $85 and $90 levels into consideration. Losing $75, however, would weaken the breakout and increase pressure on leveraged positions.

A deeper decline could shift attention toward the $60 to $63 support cluster. Several major moving averages also sit around this region, making it technically significant.

Conclusion

Hyperliquid’s $13 billion open interest milestone highlights substantial derivatives participation behind HYPE’s breakout. However, elevated leverage increases liquidation risks, making the $75 to $77 support region important for maintaining the current market structure.

Also Read: Shiba Inu Faces Selling Pressure as Exchange Inflows Outpace Withdrawals

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