Bitwise has added Hyperliquid’s HYPE to the Bitwise 10 Crypto Index ETF (BITW), assigning the token a 0.95% portfolio weight. The inclusion came as HYPE traded at $67.07, with $347.94 million in 24-hour volume and a market capitalization of about $17.01 billion.
BITW is managed by Bitwise and is described in the source material as one of the world’s largest diversified crypto index funds. HYPE’s entry into the product gives the token a higher-profile place in a widely followed basket of digital assets. Analysts cited in the report said the move could increase HYPE���s visibility among institutional investors and strengthen its standing in the broader crypto market.
Technical focus remains on the $57 to $59 neckline
On the chart side, traders are centered on a set of defined price levels. Crypto analyst Bitcoin Meraklisi said HYPE has confirmed a cup-and-handle breakout after an extended accumulation period. The token moved above the key neckline near $57 to $59 and then retested that zone successfully, a development the analyst described as confirmation that buyers are defending higher levels.
Under that framework, the bullish structure remains intact as long as HYPE stays above the $66 to $68 area. A break above $74.60 would, according to the report, raise the chance of a fresh rally. If price falls back below the $57 to $59 support region, the pattern would be invalidated and the market could face deeper downside.
After the breakout, price pushed to $74.60 and then consolidated
Following the technical breakout, HYPE climbed toward $74.60 before shifting into sideways trading around $69.25. Market watchers described that pause as healthy profit-taking rather than a sign that upside momentum had fully faded.
The longer-term technical target mentioned by analysts in the source stands at $172, though that view depends on the broader bullish structure remaining in place and key support levels holding. The report also linked part of the recent setup to renewed strength in Bitcoin, which has had a positive spillover effect on several altcoins, including HYPE, even as HYPE itself remains in what was described as a neutral price range.
Hyperliquid gains recognition as an on-chain derivatives platform
Hyperliquid is a decentralized derivatives trading platform focused on fast and transparent on-chain perpetual swaps. The source notes that its growing ecosystem has attracted attention from both retail and institutional participants across the digital asset sector.
For now, the trading map is straightforward: $66 to $68 is the near-term support band that bulls need to hold, $74.60 is the breakout level traders are watching on the upside, and $57 to $59 remains the key line that keeps the current bullish setup valid.