Hyperliquid (HYPE) Price: Breakout Momentum Builds Toward $100 Target

TLDR

• HYPE broke above the $90 resistance zone and trades near $91.68, with a bullish setup pointing to $95.50, $98.00, and $100.50.
• Analyst CryptoGuru12 says the pattern turns invalid if price drops below $88.50.
• Hyperliquid burned 26,310 HYPE tokens worth $2.42 million, per Onchain Lens, bringing the total burn to 48.76 million tokens.
• The 20-day EMA sits at $83.20 and the 14-day RSI is at 65.09, both supporting the uptrend.
• NEAR Protocol launched confidential perpetual futures trading through Hyperliquid, adding 50+ contracts with up to 40x leverage.

Hyperliquid’s HYPE token has pushed above a key resistance level. The move builds on a rising trend that started after HYPE hit a low near $52 in August.

HYPE was trading around $91.68 at the time of the latest analysis. The breakout zone near $93.39 is now the level buyers need to hold.

Crypto analyst CryptoGuru12 pointed out the move on X, saying a strong bullish candle carried HYPE past resistance while keeping a pattern of higher lows intact. The analyst laid out a long setup between $91.50 and $93.40, with targets at $95.50, $98.00, and $100.50, adding that the setup fails if price falls under $88.50.

Technical Structure Supports Further Upside

HYPE is trading above both its short-term and medium-term EMAs. The 20-day EMA sits at $83.20, while the 76-day EMA is at $76.41.

The 14-day RSI reads 65.09, staying above its signal line. That points to steady buying interest, even after HYPE pulled back slightly from a session high of $92.41.

The token moved from consolidation into a fresh breakout phase. Buyers have stayed in control through the move.

Hyperliquid Price on CoinGecko

HYPE Burn Adds Fundamental Support

On-chain data adds another piece to the picture. Onchain Lens reported that Hyperliquid purchased and burned 26,310 HYPE tokens, worth close to $2.42 million at a volume-weighted average price of $91.86.

That single burn brought Hyperliquid’s total historical burn to 48.76 million tokens. That equals 4.88% of the max supply.

The burns are funded by platform revenue. Hyperliquid posted $64.34 million in revenue over the past 30 days and $1.26 billion since launch.

Burning tokens reduces the circulating supply. Whether that affects price depends on ongoing demand for the token.

Hyperliquid’s ecosystem also grew this week. NEAR Protocol launched confidential perpetual futures that route trades through Hyperliquid’s infrastructure.

The products are accessed through near.com, but trade execution happens on Hyperliquid. The setup combines Hyperliquid’s liquidity with NEAR’s privacy tools.

Wallets tracking funding routes becomes harder under this system. Positions themselves are not anonymous, and market-level data stays visible.

Traders get access to more than 50 perpetual contracts. Leverage on these contracts goes up to 40x, with funding managed through NEAR Intents.

For now, traders are watching the $88.50 level identified by CryptoGuru12. A close below that price would shift focus back to the 20-day EMA at $83.20.

If HYPE holds above the breakout zone, the next levels in view are $95.50, $98.00, and $100.50.

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