Hyperliquid’s HYPE token continues to trade with positive momentum, while its technical setup points to a possible continuation of the broader upward structure despite the risk of a near-term pullback. Analysts are watching a key support zone that could shape the token’s next major move, as HYPER EVM expands its ecosystem with new decentralized investment products focused on AI-related tokens.

Hyperliquid is closely associated with on-chain perpetual futures trading, so developments around HYPER EVM are relevant to users tracking how the network’s trading infrastructure is being extended into broader DeFi products. For HYPE, the near-term focus remains split between market structure on the chart and whether new ecosystem activity can deepen utility around the network.

At the time of writing, HYPE was trading at $57.88, with 24-hour trading volume of $320.77 million and a market capitalization of $14.62 billion, according to CoinMarketCap. The token had declined 2.33% over the previous 24 hours, although the source article said its strengthening price structure still pointed to a possible bullish continuation in upcoming sessions.

HYPE Price Approaches a Technical Test

Crypto analyst Wick said HYPE was trading after an explosive rally that carried the token from below $50 toward the $160 resistance zone. The chart shared by Wick compared the latest advance with two earlier market structures, suggesting the current trend may have reached a local peak where profit-taking and corrective selling could emerge.

Source: Wick’s X post

The marked A-B-C formations on the chart pointed to a repeating pattern of rally, correction, and recovery. The projected decline targeted the $72 to $100 region, which was identified as a high-probability demand zone. Holding that area would preserve the broader bullish structure and could attract renewed buying interest after the recent advance.

If buyers defend the projected support area, Wick’s target range suggested HYPE could regain momentum and move toward $120 to $150. However, the analyst’s setup also indicated that a break below $72 would extend the correction toward a longer-term accumulation area near $40.

HYPER EVM Adds AI-Focused Investment Products

Separately, data from PerpGame showed that AI agent tokens backed by perpetual futures baskets have been deployed on HYPER EVM. The launch introduces investment products that combine AI-related crypto assets with perpetual exposure, expanding the range of products available to users.

Source: PerpGame’s X post

The product broadens HYPER EVM’s DeFi ecosystem by aiming to improve capital efficiency and portfolio diversification. Users will be able to gain structured exposure to AI Agent tokens collateralized by Perp baskets. The rollout also reflects a wider DeFi trend in which protocols package thematic exposure, such as AI-linked tokens, into structured products rather than requiring users to manage each underlying position separately.

Despite the bullish price scenarios and ecosystem expansion described in the source article, HYPE was still moving lower over the 24-hour period. The article also linked the move to broader crypto market weakness, noting that BTC had begun to move downward.

The source article stated that its market analysis and price predictions are not guarantees, that crypto markets are volatile, and that the content is not financial advice.