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- 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/61ts9kBRC8https://t.co/t6SDRudnPbhttps://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.
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.