Hyperliquid Hits Another All-Time High. Is $100 Next for HYPE?
Hyperliquid (HYPE) climbed to an all-time high of $84.80 on Thursday, its second file in seven days. The altcoin trades close to $84.07, up almost 4% right now, with its market cap nearing $19 billion.
The rally cleared the previous $77 ceiling final week and has since held that degree as help. Weekly and every day charts now level to $92 as the subsequent resistance band.
Buybacks and a Regulatory Nod Fuel the Rally
Hyperliquid activated its AQAv2 reserve yield program on August 26. Roughly 90% of the cost-adjusted yield on $6.74 billion in USDC deposits now funds HYPE buybacks.
Under a 3% yield state of affairs, that provides about $182 million a yr. The determine represents an 18% carry on present income of roughly $2.76 million per day. First distributions land Oct. 3.
Regulation equipped the second leg. President Donald Trump stated on Aug. 20 that Hyperliquid could possibly be accessible within the US quickly, with the CFTC already engaged on a compliant pathway.
On Wall Street, spot HYPE exchange-traded funds have in the meantime logged renewed inflows, and the token leads its prime 10 peers this month.
Weekly Chart Confirms the $77 Breakout
The weekly candle that broke $77 gained roughly 40%. This week HYPE dipped to $76.75, retested the previous file, then reversed larger.
Before that transfer, the value bounced off an ascending trendline 3 times. The third contact in early August landed on the 0.618 Fibonacci degree at $55.41.
Weekly RSI has reclaimed 70. An identical studying in mid-May preceded a rally of about 100% into the earlier file. A repeat would goal the 1.618 Fibonacci extension at $111.93. Volume, nonetheless, stays effectively beneath January ranges.
HYPE Price Prediction After the All-Time High
The every day chart flipped to a bullish Supertrend on Aug. 19. That sign holds whereas HYPE stays above $68.
Volume expanded throughout the breakout between Aug. 21 and Aug. 25. Volatility reached 100% for a number of days after sitting at 0% on Aug. 12, and has since cooled to about 40%.
The 1.272 Fibonacci extension at $92.37 is the subsequent goal, roughly 10% above the spot worth. The nearest danger is Hyperliquid’s $1.2 billion token unlock on August 29, with one other due a month later.
Altcoin traders ought to watch $68 because the make-or-break worth level for HYPE. A every day shut beneath this degree would finish the bullish construction.
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