Price Analysis View Non-AMP

Hyperliquid Hits a New ATH – Top Reasons Why HYPE Price is Poised to Reach $100 in This Bullish Cycle

Published by
Sahana Vibhute

Hyperliquid’s price surged by over 15% in the past 24 hours and smashed a new ATH at $39.96 in the early trading hours. Besides, its market capitalization surpassed that of SUI to become one of the top 11 crypto assets in the market. However, the bears have begun to extract the profit, but the selling pressure is not expected to mount as the bulls seem to be poised to hunt for the next upper targets. 

Along with a rise in the volume, the rise in whale accumulation has also contributed to the HYPE price rally. Earlier, a popular on-chain platform, Lookonchain, reported a whale selling 395K HYPE and earning a profit of over $28 million after holding the token for nearly 5 months. This could be the potential reason for the current pullback, but multiple reasons point towards a continued upswing. One of the major ones is the accumulation by other whales. 

As per the data shared by Lookonchain, 3 more whales have collectively accumulated nearly 137,929 HYPE worth over $5.33 million. In the times when the tide retreats, the whales have begun to stack, which flashes a huge bullish signal for the crypto. Along with this,  the Open interest has reached a new ATH, hinting towards fresh liquidity entering the space. Besides, a viral post by Arthur Hayles predicting the HYPE price could be hitting $100 has also fueled speculation and market excitement. 

What’s Next? Will HYPE Price Reach $100?

HYPE price decisively broke out of multi-week resistance around $30, turning previous resistance levels into support. This has triggered strong buying pressure and led to a rapid price ascent of over 150% since the April lows. The whales have taken a substantial leveraged long position on HYPE, signalling confidence in continued upward price action. Therefore, after a small consolidation, the price is believed to revamp a strong rise and mark new highs.

The recent price action has elevated the HYPE price into the bullish range, and as the ADX is close to reaching the upper threshold, the strength of the rally has risen profusely.  Besides, the +Di & -Di are diverging apart, hinting towards the continuation of the bullish trend. While the RSI remains within the overbought range, the probability of forming a new ATH could persist. 

The Hyperliquid price reached a new All-time high with an open interest of over $8.9 billion and daily trading fees of over $5.4 million. Moreover, more than $3.2 billion in USDC has been locked, which hints towards massive trader engagement and leverage on the platform. 

Overall, Hyperliquid’s current rally is driven by a unique convergence of technical breakouts, whale activity, heightened trading volume, platform growth, and social buzz-though overbought signals suggest caution as well. 

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

Recent Posts

Ethereum ETH Price Prediction 2025, 2026 – 2030: Will Ethereum Price Hit $3k?

Story Highlights The Ethereum price today is . ETH price with a potential surge could…

July 10, 2025

Whale Rotation: Is Big Money Leaving Bitcoin for Altcoins?

The crypto market today has taken a bullish turn, with total market capitalization climbing to…

July 10, 2025

DLT Platform Hedera Joins Project Acacia to Explore Digital Finance in Australia

Project Acacia, a joint initiative between the Reserve Bank of Australia (RBA) and the Digital…

July 10, 2025

Crypto Expert Peter Brandt Warns Bitcoin Rally Is At Risk – Here’s Why

Bitcoin pushed past $112,000 on Wednesday, giving bulls something to cheer about. But legendary trader…

July 10, 2025

FTX Faces Backlash: Chinese Creditors Fight Payout Freeze Over Fairness and Legal Grounds

A Chinese creditor has objected to an FTX motion that would delay payouts to people…

July 10, 2025

Jack Ma’s Ant Group Joins Circle to Bring USDC to Blockchain

Jack Ma-backed Ant Group is stepping deeper into the global crypto game and it’s doing…

July 10, 2025