- Hyperliquid reached a fresh all-time high of $90.92, registering a gain exceeding 13%.
- The strong buying momentum for HYPE highlights robust demand in the market.
Hyperliquid (HYPE) achieved a new all-time high of $90.92 and currently changes hands near $90.04, reflecting an increase of over 13.2%. Trading volume stands at $1.69 billion, while the weekly price action spans cleanly from $75.27 to $90.92 in a sustained upward movement.
The wedge resistance has been breached. Previous structures that suppressed HYPE for weeks are now behind it, and the charts project further gains supported by renewed buying interest. Over the past 24 hours, the token traded between $79.35 and $90.92, accompanied by $8.32 million in liquidations.
Reaching a three-digit valuation for HYPE now appears to be a question of timing, with $79.35 to $90.92 serving as the recent range and $100 emerging as the next major market milestone.
If Hyperliquid maintains its current upward trajectory, the token could advance toward the nearest resistance zone near $93.48. Should bullish momentum intensify further, it could spark a golden cross and push prices beyond $97.
Conversely, if HYPE reverses course and turns bearish, the price could quickly pull back to establish support near $87.12. A deeper downside correction might drag the asset below $83 alongside the formation of a death cross.
Technical Indicators Hint at More Upside for Hyperliquid
A 4-hour technical analysis of Hyperliquid demonstrates that both the Moving Average Convergence Divergence (MACD) and its signal lines remain positioned above the zero line. The cryptocurrency is trading within a robust macro uptrend, where short-term bullish momentum is accelerating.
This dual-positive configuration validates the intense buying pressure, demonstrating that buyers retain firm command and continue pushing valuations upward. Market participants often interpret this as validation to hold onto long positions.
Meanwhile, the daily Relative Strength Index (RSI) for HYPE sits at 81.92, placing the asset deep in overbought territory. This reading demonstrates that aggressive buying has fueled an exceptionally powerful rally and generated intense short-term momentum, leaving the cryptocurrency severely overextended.
Although prices can stay elevated during aggressive parabolic surges, this level marks a high-risk environment for establishing new long positions and strongly points to a rising likelihood of exhausted momentum.
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