- Hyperliquid’s price jumped to a new all-time high above $51.
- The token broke higher as HYPE bulls held above a key upward trendline.
- Although the price has pulled back about 4% from the ATH and hovers near $48, analysts expect further gains.
Hyperliquid (HYPE) stood out this week among the best-performing cryptocurrencies as the native token of the high-performance layer-1 blockchain climbed to a fresh all-time high above $51.
But can bulls keep the price above the crucial trendline and enter a phase of price discovery?
Hyperliquid pares gains after bulls hit a new ATH
HYPE rode an upward wave, reaching a record $51.07 on August 27, 2025, driven by a mild crypto market rebound that lifted Bitcoin above $113,000 from below $110,000.
Gains were supported by a rally in equities ahead of Nvidia’s earnings and a subsequent boost in futures after the AI-chip giant reported stronger revenue.
With weekly gains exceeding 18%, Hyperliquid outpaced many top cryptocurrencies and surged to its new ATH.
After attracting market attention with spot volumes hitting daily highs above $3.5 billion, HYPE’s price rose more than 17% over the past week.
That rally pushed the 16th-ranked altcoin to highs near $51 on major exchanges.
CoinGecko data shows the altcoin has climbed roughly 1,174% from its all-time low of $3.81 reached in November 2024.
Whales have been aggressively accumulating HYPE.
Two more whales bought 175,130 $HYPE($8.47M) in the past 12 hours.https://t.co/61ts9kBRC8https://t.co/t6SDRudnPbhttps://t.co/DAxhCUWBkd pic.twitter.com/dOUyTSb92B
— Lookonchain (@lookonchain) August 28, 2025
On-chain activity helped the bulls, as the decentralized Hyperliquid exchange recorded new daily highs in trading volume and fees.
Institutional adoption, highlighted by expectations for spot ETF funds and support from custodians like BitGo and Anchorage Digital Bank, served as a key catalyst.
Hyperliquid price outlook: Is HYPE headed for $100 next?
A broader crypto market bounce—alongside moves in other tokens such as Cronos (CRO) reacting to news around Trump Media—also helped lift HYPE.
Analysts now say Hyperliquid could extend its gains in the coming months, with bulls potentially targeting three-digit prices as they push toward $100 and above.
However, HYPE has pulled back slightly, with profit-taking leaving the token trading around $48.
Despite the retracement, market sentiment remains optimistic, supported by Hyperliquid’s dominance in the decentralized perpetuals market.
HYPE chart from TradingView
The daily chart above indicates a constructive technical outlook for HYPE as the token holds above a key rising trendline.
That suggests sustained demand from buyers, and a relative strength index (RSI) above 57 indicates momentum favors the bulls.
The daily MACD also shows a bullish cross, with green histogram bars gaining strength.
If HYPE regains upward momentum, analysts believe it could enter price-discovery mode, potentially targeting $100 in the coming months.
As noted, a broader market slowdown could push HYPE toward support zones, with demand re-accumulation areas near $42 and then $30.