HYPE price has experienced strong buying pressure since August and witnessed a decent gain. It has departed from the key moving averages and trading near the all-time high (ATH) which showcases the bulls’ grip. Buyers were so strong that they have turned the resistance level into the support level. Let’s explore the further outcomes for the Hyperliquid coin price.
Hyperliquid (HYPE) price overview
At press time, Hyperliquid was trading at $84.55 with an intraday loss of -1.7%. Its market capitalization was $18.801B and the 24-hour trading volume was $1.154B. It has a circulating supply of 222.446M HYPE and the total supply is 955.307M HYPE.
HYPE price prediction over 1-D timeframe
Hyperliquid price has been in a strong bullish trend since August and has surged by more than 60%. Amid this bullish trend, the HYPE price has recorded an all-time high of $88.160 on September 03, 2026. The price has surpassed a resistance level of $77 and turned this level into the support level. The asset price has been holding over this level for the past 2 weeks which showcases the buyers’ strength.
If the price manages to hold over the support level of $77, buyers might remain confident. Buying pressure in this zone can fuel the momentum to the HYPE price and the price can extend to the $100 mark.
Bitcoin is a leader coin and has been in a bullish trend for the past few weeks. It has impacted almost all the altcoins positively. If Bitcoin remains bullish further, it might leave a positive impact on the HYPE price. Hyperliquid coin is expected to trade beyond the $100 mark once BTC triggers another bullish rally.
Conversely, if the HYPE price slips below the $77 mark after profit booking then price may drop. Once the HYPE price starts trading below the $77 level, most of the long position holders might prefer to book profit which may generate panic selling in the market. This bearish trend could halt near the other support level of $53.75.
Hyperliquid price and Open Interest(OI) data analysis
Hyperliquid’s HYPE has staged a strong rally, climbing from around $58 on 19 August to nearly $85 by 4 September, with a sharp breakout in the final session pushing price above its recent consolidation range. Open Interest tells a supporting story: it surged from $2.4B to a peak near $3.8B in late August, then hovered between $3.2B–$3.6B through most of the range-bound phase, before spiking again alongside the latest price move.
This pattern; rising OI accompanying rising price signals fresh long positioning rather than short-covering, suggesting traders are confident and adding new leveraged exposure. The mid-period OI dip while price stayed resilient hints that weak hands were flushed out, strengthening the base for the next leg up.
Going forward, if OI continues climbing alongside price, it could fuel further upside momentum toward new highs. However, such elevated leverage also raises liquidation risk, meaning any sharp reversal could trigger a fast, cascading correction.
Key Drivers of the Price Increase
- Aggressive Buybacks and Burns: The protocol routes roughly 97% to 99% of its trading fee revenue directly into open-market HYPE buybacks and burns. This constant automated bid reduces circulating supply while platform volume stays high.
- Institutional Accumulation: Nasdaq-listed entities like Hyperliquid Strategies have scaled up committed equity facilities to accumulate large amounts of HYPE for their treasuries. Exchange-traded product inclusions (such as Hashdex adding HYPE to its Nasdaq ETF) have also boosted demand.
- Regulatory and Onshore Tailwinds: Sentiment improved following reports that the protocol is exploring compliant U.S. market access paths through regulated platforms and constructive policy discussions.
- Market Dominance: Hyperliquid continues to command a major share of open interest and trading volume across decentralized perpetual exchanges, reinforcing its position as a structural sector winner.
Final Thoughts
HYPE price action reflects a market firmly under bullish control. The shift of the $77 level from resistance to support, combined with the sustained hold above it for two weeks, signals genuine conviction from buyers rather than a short-lived spike. If this base holds and Bitcoin continues its uptrend, HYPE has a realistic shot at testing and breaking the $100 mark in the near term.
That said, the token’s rally has been sharp, and after a 60%+ move since August, some profit booking wouldn’t be surprising. A slip below $77 could trigger a wave of long liquidations, pulling the price toward the $53.75 support zone. Traders should watch how price behaves around $77 closely, it’s likely to be the key pivot for the next leg, whichever direction it takes.
Fundamentally, the buyback-and-burn mechanism, growing institutional treasuries, and Hyperliquid’s dominant share of decentralized perpetuals volume all support a constructive medium-term outlook. But as with any asset trading near its all-time high, short-term volatility should be expected, and this analysis should not be taken as financial advice.
Can HYPE price reach $100?
Yes, it’s possible. If HYPE holds above the $77 support level and Bitcoin continues its bullish momentum, the price could extend toward the $100 mark. However, this isn’t guaranteed and depends on sustained buying pressure.
What is the key support level for HYPE right now?
The $77 level is the immediate support, having flipped from resistance after buyers held it for two weeks. A secondary support sits at $53.75 if $77 breaks down.
What happens if HYPE falls below $77?
A drop below $77 could trigger profit booking and panic selling among long position holders, potentially pushing the price down toward the $53.75 support zone.