Hyperliquid HYPE breaks $59.54 resistance as analysts outline $170 setup

Large traders have built their most aggressive net-long exposure in eight months on Hyperliquid's HYPE since early May, while retail positioning sits at a 12-month bearish extreme. HYPE was quoted at $62.05 at reporting time, down 2% over 24 hours, with $830 million in daily volume and a market cap above $15 billion. Analysts highlighted a daily close above $59.54 as a key level that could keep a technical path toward $170 in play.