HYPE Price Outlook as Hyperliquid Takes on Polymarket With Decentralized Prediction Markets

Hyperliquid (HYPE) price is gaining after Hyperliquid unveiled an upgrade to HIP-4 to launch decentralized prediction markets. At press time, HYPE traded at $62 with a 3.5% gain in 24 hours. Trading volumes were also up by 30% to $308 million, per CoinMarketCap data.

Hyperliquid Turns Towards Prediction Markets

Hyperliquid has announced an improvement to the HIP-4 upgrade that went live in May and brought prediction markets to the platform.

Per an earlier report by CoinGape, this improvement will bring permissionless contracts to the Hyperliquid prediction markets, and anyone who stakes 500,000 HYPE tokens, worth around $31 million, will be able to create a wager.

Before this improvement to HIP-4, prediction markets on Hyperliquid were exclusive to validators, which means that the expansion could bring more people to the platform, and this could see it rival Polymarket and Kalshi.

But this upgrade comes as the US Congress holds a hearing today, July 21, regarding prediction markets as scrutiny grows that the platforms are prone to market manipulation.

HYPE Price Tests Key EMA Resistance Levels as Triangle Pattern Emerges

HYPE price is testing resistance at the 20-day EMA of $64. Closing above this obstacle could push HYPE to the psychological price of $70.

This 20-day EMA of $64 also lies within a symmetrical triangle pattern. The pattern has been forming since June 20 as the price of HYPE made higher lows and lower highs.

Past trends show that HYPE touched the upper boundary of the symmetrical triangle after closing above the 20-day EMA. This occurred on June 13 and July 12.

If history rhymes and HYPE closes above $64, the price might gain by 46%, which is equivalent to the height of the symmetrical triangle.

But if Hyperliquid does not close above the 20-day EMA, it might move to the lower boundary of this triangle pattern at $58.

The RSI reading of 47 supports a bearish long-term Hyperliquid price prediction, and suggests that the price might remain within the triangle pattern until there is more buying.

Demand For HYPE ETFs Remains Low Despite Prediction Market Plans

Data from SoSoValue shows HYPE ETFs have not seen any inflows for three straight trading days despite HYP price gaining.

The ETFs had zero flows on July 20, while on July 17, there were outflows of $5.45 million.

HYPE ETFs also saw their first weekly outflows of $7.26 million in the week between July 13 and July 17.

The outflows suggest that institutional demand for HYPE has faded after the ETFs saw nine straight weeks of inflows between May 2026 and early July 2026.

Artemis CEO Forecasts $230 HYPE Price Target by 2030

While HYPE price is struggling under weak demand from retail and institutional traders, the CEO of Artemis, Jon Ma, predicts that the price might reach $230 by 2030.

Ma notes that the revenues on Hyperliquid could reach $4 billion in 2030. This will be an eight times increase from the revenue of $500 million that the platform is recording today.

“Market is missing that Hyperliquid is NOT JUST a crypto exchange but is becoming THE default venue for investors trading global markets,” Ma said.

Because of how much Hyperliquid has diversified, Ma notes that it is possible that the price of HYPE increases by 251% in four years.