Hyperliquid Hits $96 Record as HYPE Targets Psychological $100 Level

What to Know

• Hyperliquid (HYPE) reached a record high near $96, placing $100 within reach while maintaining its bullish structure above key support levels.
• Platform borrowing reached $269 million as supplied liquidity exceeded $400 million, strengthening fundamental support for HYPE’s sustained rally and valuation.
• Traders are monitoring $96 and $100 resistance, while $90, $85 to $87, and $80 to $82 define important potential support zones.

 

Hyperliquid (HYPE) reached a record high near $96, placing the psychological $100 level within reach as its September rally strengthened. The token traded around $95.40, comfortably above its major daily moving averages and firmly within price discovery.

Buyers established the latest advance by defending the $77 to $78 area before HYPE reclaimed $80 and cleared resistance between $87 and $90. Consequently, the former resistance zone could support any pullback, while holding above $90 would preserve the bullish structure and support another $96 attempt.

However, momentum indicators warrant attention because the relative strength index remains elevated. The reading still sits below extremes recorded during previous HYPE rallies, leaving room for additional movement.

Also Read: Why Is XRP Price Suddenly Rocketing Today?

Hyperliquid Activity Supports HYPE Demand

Hyperliquid’s expanding platform activity has also strengthened the rally’s underlying case. The protocol recently introduced manual borrowing with HYPE and Bitcoin (BTC) available as collateral.

Users can obtain loans denominated in USD Coin (USDC) and Tether (USDT) through the service. Reportedly, borrowing reached $269 million during the first day, while supplied liquidity exceeded $400 million.

Moreover, total open interest across Hyperliquid recently climbed to approximately $14.3 billion. HIP-3 markets recorded more than $4.44 billion in August, reflecting substantial derivatives activity across the ecosystem.

According to Hyperliquid Strategies, the ecosystem added roughly $945 million in value during the year ending June 2026. Protocol economics remain closely connected to HYPE buybacks, which link platform activity with demand for the token.

Key Levels That Could Shape HYPE’s Next Move

A sustained break above $96 could push HYPE toward $100, where traders may encounter stronger profit-taking pressure. Without historical resistance above the record, psychological levels become increasingly important during price discovery.

Alternatively, HYPE could consolidate between $90 and $96 while momentum cools and buyers establish a stronger base. Losing $90 would expose the earlier breakout region between $85 and $87.

Further weakness could direct HYPE toward the next major support area between $80 and $82. Nevertheless, its overall structure remains bullish while price holds above $90 and platform activity supports demand.

Also Read: Alert: XRP Traders Are Longing XRP As Price Rockets – More Rally Coming?

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