- Hyperliquid hit a new ATH at $90.92, up by over 13%.
- HYPE’s momentum confirms strong buying pressure.
Hyperliquid (HYPE) printed a new all-time high at $90.92 and is currently trading at around $90.04, posting a rise of over 13.2%. The asset’s volume is settled at $1.69 billion. Moreover, the weekly range stretches from $75.27 to $90.92, a clean and sustained push.
The wedge resistance is broken. Both structures that had been capping HYPE for weeks and the chart is pointing toward higher ground with renewed buying pressure behind it. The 24-hour range ran from $79.35 to $90.92. The session also saw $8.32 million in liquidations.
Three-digit value of HYPE is now a matter of when. $100 is the next significant threshold the market is watching.
With the current upside trading pattern of Hyperliquid continuing, the price could move up to the nearest resistance range at around $93.48. If the bullish pressure strengthens further, the momentum triggers the golden cross to take place, eventually sending the price above $97.
On the other hand, assuming HYPE reverses the bullish trend bearish, the price could immediately slip and find the support at the $87.12 mark. A potential correction on the downside would drive the asset’s price even lower, below $83, along with the emergence of the death cross.
Technical Indicators Hint at More Upside for Hyperliquid
The 4-hour technical analysis of Hyperliquid reveals that the Moving Average Convergence Divergence (MACD) and signal lines sit above the zero line. It is trading in a strong macro uptrend. The short-term bullish momentum is accelerating within that existing uptrend.
This double-positive alignment confirms strong buying pressure, showing that buyers remain in firm control and continue to drive the price higher. Traders view this as a confirmation to maintain long positions.
HYPE’s daily Relative Strength Index (RSI) at 81.92 exhibits extreme overbought territory. This indicates that aggressive buying pressure has driven an exceptionally strong rally, generating intense short-term momentum. The asset is severely overextended.
This is a high-risk zone for opening new long positions, and prices can remain elevated during powerful parabolic moves. This reading strongly signals an increased probability of momentum exhaustion.
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