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Hyperliquid price rose to a record high above $83 after a sharp weekly rally, with strong momentum and positive capital flows supporting the move. However, an overbought daily reading and dense liquidation clusters on both sides of the market could produce wider price swings.
Hyperliquid price holds near its record high
According to data from crypto.news, Hyperliquid ($HYPE) price traded near $80.50 on Aug. 25 after reaching an all-time high of approximately $83.27 over the weekend. The token opened the seven-day period around $69.60, leaving it with a double-digit weekly gain even after traders took profits near the record.
The rally accelerated on Aug. 19, when $HYPE jumped from below $60 to around $70. Buyers extended the move over the following sessions, pushing the price through its previous June and July peaks near $75.
$HYPE briefly traded above $83 before retreating toward the $78 area and recovering. The 4-hour chart shows that buyers have repeatedly entered during declines toward $77–$78, but sellers continue to defend the area between $82 and $83.50.
The rally coincided with reports of further adoption of Hyperliquid’s trading infrastructure, including integration work involving Coinbase and the unveiling of Elysium L2 for the ecosystem. Broader strength across the cryptocurrency market also supported demand for higher-risk altcoins.
$HYPE’s rise came as falling US Treasury yields improved conditions for risk assets. The 30-year Treasury yield declined after the US Treasury expanded its long-dated bond buyback operations, reducing some of the pressure that higher borrowing costs had placed on crypto markets.
$HYPE daily chart points to $83.52 resistance
The daily chart shows $HYPE trading just below the 100% Fibonacci level at $83.52. The level is calculated from the advance between approximately $25.64 and the current record area, which is the most immediate resistance facing buyers.
A confirmed daily close above $83.52 would place $HYPE in price discovery, where limited historical supply makes resistance harder to identify. The psychological $90 level could become the next target, followed by $97–$100 if momentum remains strong.
Crypto analyst Havoc noted that $HYPE was printing its second-largest monthly candle, with a gain of roughly 63%. According to the analyst, matching May’s 91% monthly expansion would place the token near $97 by the end of August.
The projection remains conditional because momentum indicators show that the rally has become stretched. $HYPE’s daily relative strength index reached 74.91, above the 70 level commonly associated with overbought market conditions. Its RSI moving average stood lower at 63.90.
An overbought RSI does not automatically signal a reversal, particularly during a strong trend. It does, however, indicate that new buyers are entering after a steep advance, increasing the chance of temporary profit-taking.
The moving average convergence divergence indicator remains bullish. The MACD line stood at 5.89, above the signal line at 3.28, while the positive histogram reading of 2.61 showed that upward momentum was still intact.
4-hour indicators keep the $HYPE trend bullish
The 4-hour chart presents a similarly positive structure. $HYPE remained above its Supertrend level at $73.05, while the indicator continued to display a bullish signal.
A positive Chaikin Money Flow reading of 0.10 also suggested that capital inflows were stronger than outflows during the latest advance. Continued readings above zero would support the view that the rally is being backed by spot-market demand rather than leverage alone.
Price action has started to consolidate between roughly $77 and $83 after the rapid breakout. The range could allow momentum to reset, although a close below $77 would weaken the immediate structure and expose the Supertrend support.
The former record and Fibonacci level around $71.14 form a stronger support zone below $73.05. $HYPE repeatedly faced resistance near that area in June and July, meaning a successful retest could turn the former ceiling into support.
A deeper correction could send the token toward the 61.8% Fibonacci retracement at $61.41. The $54.58 level represents the next major support, though such a move would require a much broader breakdown in the current uptrend.
Liquidation clusters could amplify $HYPE volatility
CoinGlass’ 24-hour liquidation heatmap shows $HYPE positioned between several concentrated leverage zones. The closest upside liquidity rests above $82, with additional bands between roughly $82.50 and $84.
A move through $82 could therefore force leveraged short sellers to close their positions, adding market buy orders and potentially accelerating another test of the record. The strongest nearby overhead concentrations appear around $82.30 and $83.40.
Downside liquidity has built around $80, $79.30, and $78.40. Losing $80 could draw the price toward those clusters as leveraged long positions are closed.
Larger liquidity pockets are also visible around $76–$77, making that range an important downside target if the current consolidation breaks lower. DXT Calls & Tools described $HYPE as sitting between competing liquidation magnets, although the trader’s cited $70–$75 and $65–$68 zones are farther from the more immediate levels shown on the latest 24-hour heatmap.
$HYPE’s broader structure remains bullish above $73.05, but the combination of an overbought daily RSI and heavily loaded derivatives positions creates two-way risk. A daily close above $83.52 would favor continued price discovery, while a break below $77 could extend the correction toward $73 and $71.14.
Source: cryptonews.net