Hyperliquid (HYPE) maintains a strong bullish structure with sustained buying momentum, and analysts believe a breakout for the HYPE price could follow repeated resistance tests.
Meanwhile, Hyperliquid has reached record open interest in both real-world assets and overall trading, highlighting growing market participation and strengthening confidence in the platform.
At the time of writing, HYPE is trading at $1.90 with a 24-hour trading volume of $171.56 million and a market capitalization of $2.47 billion. Despite the signs of stability over the last 24 hours, the HYPE price structure and RWA open interest growth point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: HYPE Price Eyes $172 Following Bullish Breakout and Bitwise ETF Listing
HYPE Price Eyes $100 as Bullish Breakout Nears
According to the crypto analyst Michaël van de Poppe, the HYPE price is displaying a strong bullish structure, with analysts highlighting its consistent higher highs and higher lows as evidence of sustained buying momentum.
The HYPE price continues to trade above its 21-day and 50-day moving averages, while steady protocol revenue growth and ongoing value accrual have reinforced confidence in its long-term outlook.
Source: Michaël van de Poppe’s X Post
According to technical analysts, the HYPE price has already faced an important resistance line three times while sustaining its uptrend, which is considered one of the signals for breaking out.
In case buyers manage to move the price of the token above this resistance line, the target may become the 1.618 Fibonacci extension, putting the price objective at around $100.
Hyperliquid RWA Market Hits New All-Time High
The data from Hyperliquid further highlighted that open interest for real-world assets (RWAs) on Hyperliquid has reached a new record high of $3.6 billion, marking increased interest in tokenizing real-world assets and involvement in the derivatives market in a decentralized environment.
This indicates heightened trust among traders as more investors get interested in blockchain financial products.
Source: Hyperliquid’s X Post
The total open interest of Hyperliquid has also hit $11 billion, making it the highest open interest ever achieved by Hyperliquid since 2026.
An increase in the open interest of the platform is considered to be a sign of increased participation of traders in the marketplace, increased liquidity, and continuous momentum for the platform.
Despite the bullish price predictions and strong RWA open interest growth, the HYPE price structure is cautious. This move is also backed by a downward trend in the crypto market due to BTC’s downward momentum, which has impacted the overall market, including altcoins.
What Happens Next?
Hyperliquid (HYPE) is getting closer to a major resistance that will determine the next steps for the HYPE price.
Any breakthrough, supported by good volume and increased interest, can fuel further bullish movement towards new goals. In case the resistance remains intact, then HYPE might enter the consolidation phase before making a new try.
Also Read: HYPE Price Prediction: Can It Rally to $80 After Holding Key Support?
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
