After a rebound between $50 and $55, the HYPE has returned to the top of $71 and the market focus has shifted to the critical resistance position of $72.18. If it breaks through and stands firm, prices will continue to go up, but the synchronous increase in leverage will also raise short-line volatility risks.

Two developments led to a rebound.

This round was driven first by the expected changes in United States regulation. According to reports, Trump stated that the United States Commodity Futures Trading Commission was facilitating Hyperliquid's “full compliance and legal” access to the United States market. If this direction is set, the potential user range of the platform and the activity of the transaction may be expanded.

Another catalyst came from Coinbase. Coinbase has access to a permanent contract transaction supported by Hyperliquid in Base App, with eligible users trading more than 290 markets, with a maximum of 50 times leverage. This increased the distribution portal for Hyperliquid and enhanced its presence in derivatives markets.

Unsettled contracts to the top

In parallel with the strong prices, the platform's unsettled contracts have increased significantly. According to the article, Hyperliquid had a total unsettled contract that had broken by $11.1 billion in July and reached its highest level in the year ahead. The open contract for the HIP-3 market increased from approximately $259 million at the beginning of 2026 to over $4 billion.

This suggests that there is an increasing demand in the market for its traded products, but it also implies a more concentrated leverage position. Once prices are blocked in critical positions, some of the high-leverage positions may be forced to settle, thus magnifying the backsliding.

72.18 United States dollars for short-term focus

In terms of movement, HYPE had previously secured a support range of $50 to $55 and then moved back to the $63 to $64 area, making the short-line structure stronger. Prices are now close to uphill, and $72.18 has become the market ' s most important concern.

The article mentions that the next target may look at $80.24 if it is on the dayline station at $72.18; if it is blocked at this location, there may be a profitback after a quick rebound. Overall, many people still have the initiative, but the ability to break the US$ 72.18 remains the key to the continued HYPE rise.