Hyperliquid Price Prediction: HYPE Price Spikes 11.5% on SEC S-1 Filing, Is $60 Coming in October?

After all of the back-and-forth and mini feud with CZ from Binance, is HYPE the actual winner right here?

Not way back, Changpeng Zhao claimed that ASTER would flip Hyperliquid. Since then, ASTER has dropped over 60%, whereas HYPE remains to be holding just under $40, which most see as a minor correction.

Adding to the momentum, Hyperliquid Strategies Inc. just lately filed an S-1 with the SEC to boost as much as $1 billion by means of a 160 million share providing. Part of these funds could possibly be used to purchase HYPE tokens. Following the information, HYPE’s worth jumped 11% in the previous 24 hours, making it one of many high gainers in an in any other case sluggish market.

Most of this momentum comes from HYPE’s buyback system and the mission’s stable efficiency by the numbers. In simply the previous 24 hours, Hyperliquid purchased again over $3 million price of tokens, and $21 million over the past week. Those large buybacks have pushed the typical worth as much as round $35.60.

Hyperliquid Cumulative New Users Hits All-Time High

Hyperliquid’s stats are going vertical. The newest replace on October 21 confirmed whole new customers hitting an all-time high of 779,063. Right now, the platform’s averaging round 1,800 new customers day-after-day since late final yr.

HYPE’s been one of many standout belongings of this cycle and has confirmed itself as some of the used merchandise in crypto. The actual query now’s, can it maintain that momentum going?

Hyperliquid Price Prediction: Is $60 Coming in October?

HYPE is making an attempt to bounce again after the market crash, double-tapping that 34–35 assist zone. That inexperienced zone has been a stable demand space a number of instances now, and the small double-bottom forming there hints at some early accumulation.

Right now, worth is testing short-term resistance round 40, which strains up with each a key psychological degree and a construction pivot. If consumers can flip that space into assist, momentum may drive a transfer towards 43.6 and presumably even 50.

The RSI is sitting round 61, displaying constructing bullish strain. Still, if the worth will get rejected once more close to 40, a retest of the 35 zone may occur earlier than any actual breakout.

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