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- Hyperliquid price jumped to a new all-time high above $51.<\/li>\n
- The token broke higher as HYPE bulls held above a major ascending trendline.<\/li>\n
- While price is down 4% from the ATH and hovers near 48, analysts predict further gains.<\/li>\n<\/ul>\n
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.<\/p>\n
But can bulls hold prices above a key trendline and enter price discovery?<\/p>\n
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\n![](\"https:\/\/coinjournal.net\/wp-content\/themes\/c1-base\/dist\/img\/ad\/bitcoinpenguin\/en.png\"\/)
\n <\/a>\n <\/div>\nHyperliquid pares gains after bulls reach new ATH<\/h2>\n
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.<\/p>\n
The gains came as stocks edged higher ahead of Nvidia earnings, and then futures surged after the AI chip giant posted a revenue beat.<\/p>\n
With weekly gains exceeding 18%, Hyperliquid outpaced many top cryptocurrencies and stormed to its new ATH.<\/p>\n
Having captured the crypto market\u2019s attention with spot volumes hitting daily peaks above $3.5 billion, HYPE token\u2019s price jumped more than 17% in the past week.<\/p>\n
This saw the 16th-ranked altcoin hit highs of $51 across major exchanges.<\/p>\n
CoinGecko data shows the altcoin\u2019s price managed a 1,174% rally from its all-time low of $3.81 reached in November 2024.<\/p>\n
Whales are aggressively buying HYPE.<\/p>\n
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Two more whales bought 175,130 $HYPE<\/a>($8.47M) in the past 12 hours.https:\/\/t.co\/61ts9kBRC8<\/a>https:\/\/t.co\/t6SDRudnPb<\/a>https:\/\/t.co\/DAxhCUWBkd<\/a> pic.twitter.com\/dOUyTSb92B<\/a><\/p>\n
\u2014 Lookonchain (@lookonchain) August 28, 2025<\/a><\/p>\n<\/blockquote>\n
On-chain activity, with Hyperliquid\u2019s decentralised exchange recording new highs in daily trading volume and fees, helped bulls.<\/p>\n
Institutional adoption, highlighted by spot exchange-traded fund anticipation and support by BitGo and Anchorage Digital Bank, has been a key catalyst.<\/p>\n
Hyperliquid price forecast: Is $100 next for HYPE?<\/h2>\n
The broader crypto market bounce, with Cronos (CRO) jumping on Trump Media news<\/a>, also helped HYPE drive higher.<\/p>\n
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.<\/p>\n
However, HYPE has pulled back slightly, with profit-taking currently seeing the token hover above $48.<\/p>\n
Despite the pullback, market sentiment remains optimistic, supported by Hyperliquid\u2019s dominance in the decentralised perpetuals market.<\/p>\n
![\"\"](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/08\/hype-usd-chart.png\")
HYPE chart<\/a> by TradingView<\/figcaption><\/figure>\n The daily chart above shows the technical outlook for HYPE is largely bullish as the token holds above a key ascending trendline.<\/p>\n
It signals sustained buyer demand, with the Relative Strength Index (RSI) above 57 to suggest that momentum favours the bulls.<\/p>\n
The daily MACD also shows a bullish crossover, with the histogram\u2019s green bars strengthening.<\/p>\n
If HYPE regains upside traction, analysts believe it could enter price discovery mode, potentially targeting $100 in the coming months.<\/p>\n
As noted, a broader market downturn could push HYPE toward support levels, with demand reload zones around $42 and then $30.<\/p>\n