Hyperliquid Eyes $100 as HYPE Hits Record High

Hyperliquid (HYPE) is trading close to record highs, with its technical structure showing relatively healthy momentum despite the token’s rapid advance. Recent market data places HYPE near $91 after it climbed to a new peak of roughly $94.50.

The HYPE/USDT daily chart shows a strong breakout from the previous $77–$80 trading range. Following that move, Hyperliquid quickly pushed above its September highs near $88 before reaching fresh record territory above $94. Profit-taking has since limited further gains, but the broader bullish structure remains intact.

HYPE continues to trade comfortably above its rising short- and medium-term moving averages, indicating that buyers still have control of the broader trend. Meanwhile, the Relative Strength Index (RSI) remains in the low 60s. That suggests momentum is elevated but has not yet reached extremely overbought conditions, potentially leaving room for another upside move.

The $88–$90 range is emerging as the first important support zone if HYPE extends its pullback. Below that, traders could watch the $84–$86 area, followed by stronger support around the former $77–$80 breakout zone.

On the upside, HYPE faces immediate resistance between $94 and $95, where sellers previously stepped in. A sustained move above this region could open the door to the psychologically significant $100 level, which may become the next major target for bullish traders.

Hyperliquid’s recent introduction of direct manual borrowing could also be supporting demand for HYPE. The feature allows users to use HYPE and Bitcoin as collateral, expanding the token’s utility within the Hyperliquid ecosystem.

With HYPE trading near its all-time high, attention is now centered on whether buyers can defend the $88–$90 support range and generate enough momentum to break through $95. A successful breakout would put the $100 milestone firmly in focus.