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Hyperliquid price forecast as HYPE sees pullback after hitting all-time high

Hyperliquid price forecast as HYPE sees pullback after hitting all-time high

CoinjournalCoinjournal2025/08/28 18:30
By:Coinjournal
Hyperliquid price forecast as HYPE sees pullback after hitting all-time high image 0
  • Hyperliquid price jumped to a new all-time high above $51.
  • The token broke higher as HYPE bulls held above a major ascending trendline.
  • While price is down 4% from the ATH and hovers near 48, analysts predict further gains.

Hyperliquid (HYPE) stood out among top cryptocurrency performers this week as the native token of the high-performance layer-1 blockchain rose to a new all-time high above $51.

But can bulls hold prices above a key trendline and enter price discovery?

Hyperliquid pares gains after bulls reach new ATH

HYPE has been on a tear, climbing to an all-time high of $51.07 on August 27, 2025, fueled by a slight crypto market bounce that saw Bitcoin flip to above $113k from under $110k.

The gains came as stocks edged higher ahead of Nvidia earnings, and then futures surged after the AI chip giant posted a revenue beat.

With weekly gains exceeding 18%, Hyperliquid outpaced many top cryptocurrencies and stormed to its new ATH.

Having captured the crypto market’s attention with spot volumes hitting daily peaks above $3.5 billion, HYPE token’s price jumped more than 17% in the past week.

This saw the 16th-ranked altcoin hit highs of $51 across major exchanges.

CoinGecko data shows the altcoin’s price managed a 1,174% rally from its all-time low of $3.81 reached in November 2024.

Whales are aggressively buying HYPE.

Two more whales bought 175,130 $HYPE ($8.47M) in the past 12 hours. https://t.co/61ts9kBRC8 https://t.co/t6SDRudnPb https://t.co/DAxhCUWBkd pic.twitter.com/dOUyTSb92B

— Lookonchain (@lookonchain) August 28, 2025

On-chain activity, with Hyperliquid’s decentralised exchange recording new highs in daily trading volume and fees, helped bulls.

Institutional adoption, highlighted by spot exchange-traded fund anticipation and support by BitGo and Anchorage Digital Bank, has been a key catalyst.

Hyperliquid price forecast: Is $100 next for HYPE?

The broader crypto market bounce, with Cronos (CRO) jumping on Trump Media news , also helped HYPE drive higher.

Analysts now say Hyperliquid price could extend gains in the coming months, with bulls likely to see triple-digit moves as they eye $100 and higher.

However, HYPE has pulled back slightly, with profit-taking currently seeing the token hover above $48.

Despite the pullback, market sentiment remains optimistic, supported by Hyperliquid’s dominance in the decentralised perpetuals market.

Hyperliquid price forecast as HYPE sees pullback after hitting all-time high image 1 HYPE chart by TradingView

The daily chart above shows the technical outlook for HYPE is largely bullish as the token holds above a key ascending trendline.

It signals sustained buyer demand, with the Relative Strength Index (RSI) above 57 to suggest that momentum favours the bulls.

The daily MACD also shows a bullish crossover, with the histogram’s green bars strengthening.

If HYPE regains upside traction, analysts believe it could enter price discovery mode, potentially targeting $100 in the coming months.

As noted, a broader market downturn could push HYPE toward support levels, with demand reload zones around $42 and then $30.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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