Hyperliquid (HYPE) maintains a bullish structure after breaking key resistance, with buyers defending trend support. Positive momentum and ongoing token burns strengthen the market backdrop, while expanding confidential perpetual trading infrastructure adds another ecosystem development that could influence sentiment and future activity around the token.
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HYPE Price Breaks Above Key Resistance
Hyperliquid’s HYPE token has strengthened its bullish structure after breaking above the recent $90 resistance area on the daily chart.
Crypto analyst CryptoGuru12 highlighted the move, noting that a strong bullish candle pushed HYPE beyond the resistance level. The breakout also maintains a sequence of higher lows, signaling renewed buying pressure.
Source: CryptoGuru12’s X Post
At the time of the analysis, HYPE was trading near $91.68, while the breakout zone around $93.39 remained an important area for buyers to defend.
CryptoGuru12 outlined a long setup between $91.50 and $93.40, with potential targets at $95.50, $98.00, and $100.50. The setup becomes invalid below $88.50.
Also Read: Hyperliquid TVL Hits Stunning $6.76B as L1 Dominates
Technical Structure Supports Further Upside
According to TradingView chart analysis, HYPE has continued its steady rising trend despite hitting an all-time low around the month of August at around $52.
The rising trend intensified to such an extent that the coin broke above $90 and entered a consolidation phase. This latest breakout shows that buyers are back in charge of the market.
Source: TradingView
HYPE is trading above its important EMA values, supporting the positive daily chart pattern. The 20-day EMA of $83.20 stands as near-term support, while the $76.41 EMA represents the medium-term support level.
Positive momentum persists as well, with the 14-day RSI standing at 65.09, trading above its signal line despite the recent candlestick retracing from its session high of $92.41.
HYPE Burn Adds Fundamental Support
In addition to its structural development, HYPE holders have yet another thing to be aware of in terms of on-chain developments.
According to Onchain Lens, Hyperliquid has purchased and burnt 26.31K HYPE tokens, which are currently valued at around $2.42 million with a volume-weighted average price of $91.86. This most recent purchase is part of Hyperliquid’s token burning trend.
Source: Onchain Lens’ X Post
After the sale, the cumulative HYPE burn in Hyperliquid’s history stood at 48.76 million tokens, which equals 4.88% of the max supply.
Also, Hyperliquid recorded revenues of $64.34 million within 30 days and $1.26 billion overall. Burning tokens may decrease the number of coins available, but the effect on the market relies on demand.
NEAR Brings Confidential Perps to Hyperliquid
While at the same time, Hyperliquid’s ecosystem grows thanks to the development of confidential perpetual futures by NEAR Protocol.
According to Hyperliquid Daily, the products can be accessed from near.com, although the trades will be executed via Hyperliquid. The integration combines the liquidity provided by Hyperliquid with the privacy infrastructure of NEAR and thus offers a confidential trading system.
The most important distinction here is that the process of tracking how funding goes through the routes and identifying wallets becomes much more difficult, not that positions become anonymous.
Traders can choose from more than 50 perpetual contracts with 40x leverage, and NEAR Intents manages the funding. The information about what is happening on the market level is still visible.
What Comes Next for the HYPE Price?
With HYPE making a break above $90, along with its well-positioned EMAs, high momentum, and continuous token burning, the altcoin will be on the watch at a number of important levels. In the setup from CryptoGuru12, $95.50 is first up for grabs, followed by $98.00 and $100.50 further up.
The validity of the bullish pattern depends upon the significance of the $88.50 invalidation level that is recognized by CryptoGuru12.
If prices move beyond the breakout range, the focus will continue to be on the higher levels, whereas failure will shift the focus on the 20-day EMA of $83.20 as the next potential support level.
Also Read: HYPE Price Prediction: Hyperliquid Activity and On-Chain Data Shape Next Move
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
