Hyperliquid’s HYPE Token Faces Key Test: Drop to $65 or Rebound Past $80?

Hyperliquid, a decentralized exchange focused on perpetual futures trading, continues to hold a leading position in that market segment. Despite this operational strength, its native token HYPE is facing renewed price pressure, according to recent market commentary. Crypto.news reported that traders are watching two key levels for HYPE. One scenario points to a decline toward $65. The other suggests a possible recovery above $80. The gap between these outcomes reflects uncertainty about near-term direction. Separately, Bitcoin.com News noted that Hyperliquid remains the dominant platform in the perpetuals market.