Bitwise adds Hyperliquid (HYPE) to its top cryptocurrency ETFs, holding prices above $67

Hyperliquid (HYPE) maintains a bullish technical form and remains stable in price sideways consolidation.

Technical analysts pointed out that recent chart forms still support strong buyer activity, while the project\'s latest achievement-the selection of a mainstream cryptocurrency index fund-has also brought new institutional attention.

Technical Analysis: The shape of the cup handle breaks through

As of the latest data, HYPE\'s trading price is US$67.07, the 24-hour trading volume is US$347.94 million, and the market value is US$17.01 billion. Although prices have been relatively stable over the past day, chart analysts remain concerned about potential bullish reversals in the cryptocurrency.

analyst BitcoinMeraklisi reported that after a long funding period, a breakthrough in cup handle shape was confirmed on the HYPE chart. The token broke through the key resistance level at the neckline around $57 to $59 and successfully stepped back into this support area. Analysts believe this trend confirms a positive market structure and shows buyers are confident to defend at higher prices.

HYPE consolidated its bullish technical form after breaking through US$57 - 59 and successfully stepping back. If prices remain above US$66 - 68, the upward momentum is expected to continue. Once it exceeds US$74.60, it may be further pulled up due to increased demand.

Shortly after the technical breakthrough, HYPE once rose to US$74.60, and then entered a sideways consolidation around US$69.25. Market observers interpreted this as healthy profit-taking rather than a loss of upward momentum.

If HYPE can stay above $66 to $68, traders believe the bullish outlook remains intact. On the upside, a breakthrough of $74.60 could pave the way for a new round of gains. On the contrary, a loss in the US$57 to US$59 region will destroy the bullish pattern and may open up room for further decline.

Price level and technical significance:

US$57 - 59: Support level/neckline, if it breaks below, the pattern will be invalid

US$66 - 68: Short-term support to maintain bullish momentum

US$74.60: Breakthrough level, if it breaks through will trigger a new round of gains

US$172: Long-term technical goals

HYPE was selected into the Bitwise 10 Cryptocurrency Index ETF

Hyperliquid achieved an important milestone: Leading digital asset management company Bitwise announced the inclusion of HYPE in its Bitwise 10 Cryptocurrency Index ETF (BITW). The exchange-traded fund is one of the largest diversified cryptocurrency index funds in the world.

BITW will allocate 0.95% of its position to HYPE, marking that the token\'s market position has been significantly recognized. Analysts said the new status could increase HYPE\'s visibility among institutional investors and consolidate its position as a major digital asset.

Hyperliquid is a decentralized derivatives trading platform that has recently gained attention in the field of digital assets. The platform focuses on providing fast and transparent on-chain perpetual contract transactions and has an evolving ecosystem that attracts the attention of retail and institutional market participants.

Small Dictionary:
Bitwise 10 Cryptocurrency Index ETF (BITW): An exchange-traded fund managed by Bitwise Asset Management that tracks the performance of the top ten cryptocurrencies by market capitalisation and provides investors with diversified exposure.

Market Background and Outlook

Although HYPE is currently in the neutral range, overall market sentiment is turning positive, in part because Bitcoin has regained upward momentum. The continued rise of Bitcoin has had a positive spillover effect on a variety of altcoins, including HYPE.

Market analysts pointed out that HYPE\'s long-term technical target points to $172 as long as the overall bullish structure remains intact and prices remain above key support levels.

Maintaining prices above the key neckline is crucial for further gains, while a break below this area could signal a shift in the bullish scenario.