TLDR Hyperliquid (HYPE) trades at $55.79, down 2.12% in the past 24 hours. HYPE is trying to reclaim the $57.5 resistance level after weeks of selling pressure. MACD histogram has turned posi
Hyperliquid (HYPE) is trading at $55.79 right now. That’s down 2.12% over the last day.
The token is still well below its July high, which was above $75. Traders are watching closely to see what happens next.
Short-term price action looks weak. But the protocol’s latest quarterly numbers tell a different story.
HYPE is trying to climb back above the $57.5 resistance level. This level has capped price for several weeks.
The overall trend is still bearish. But buyers seem to be stepping in to defend the current price zone.
Hyperliquid Price on CoinGeckoThe MACD histogram has turned positive. This suggests selling pressure could be easing.
The MACD line is still below the signal line, though. That means this isn’t confirmed as a full trend reversal yet.
If HYPE can reclaim $57.5 and hold it, the next target would be resistance near $68. That would mark a real shift in short-term sentiment.
Hyperliquid’s Q2 report points to real growth on the network. HIP-3 RWA perps volume share jumped from 1.8% to 32.2% over two quarters.
Quarterly trading volume hit $213 billion. That’s a large jump in platform activity, even with the recent price drop.
Three HYPE ETFs launched during the quarter. Institutional funds and related treasuries now hold about 7.7% of HYPE’s total supply.
Hyperliquid Q2 HIP-3 RWA Contracts’ Trading Share Rises from 1.8% to 32.2%
Hyperliquid released its Q2 report, showing that HIP-3-related RWA perpetual contracts increased their share of trading volume from 1.8% two quarters ago to 32.2%, with quarterly trading volume reaching… pic.twitter.com/4lU8t9ZL16
— Wu Blockchain (@WuBlockchain) August 6, 2026
The protocol earned around $169 million in Q2 revenue. About $141 million of that went to HYPE buybacks.
Cumulative protocol revenue has now passed $1 billion. That’s a new milestone for Hyperliquid.
Open interest data from CoinGlass shows traders are still holding positions. This points to steady interest in HYPE despite the pullback.
DeFiLlama data also shows the protocol staying active. Users continue interacting with the network even as the price corrects.
Fundamentals and price action are telling two different stories right now. The chart shows a token still searching for a bottom.
The Q2 numbers show a protocol that keeps growing. Trading volume, RWA adoption, and institutional interest all moved higher during the quarter.
Traders are now watching one thing above all else. Can HYPE reclaim $57.5 and hold it there.
The post Hyperliquid (HYPE) Price: Holds $55 as Q2 Growth Data Offsets Recent Pullback appeared first on Blockonomi.
