Hyperliquid Price Eyes $172 Breakout with Bitwise ETF Listing

The Hyperliquid (HYPE) price is eyeing a significant breakout above $172, according to technical analysis. A confirmed cup-and-handle pattern on the HYPE price chart suggests a bullish reversal, with traders focusing on whether sustained buying momentum can drive the next upward move.

Despite remaining stable over the past 24 hours, the HYPE price structure continues to suggest a potential bullish reversal. The coin's inclusion in the Bitwise 10 Crypto Index ETF (BITW) has boosted institutional recognition and increased visibility among institutions.

The long-term target for the HYPE price is around $172 based on the cup-and-handle formation, but it's essential to keep the price above the neckline to maintain bullish momentum. A breakdown below the $57-59 area will reverse this bullish formation.