Hyperliquid (HYPE) continues to draw strong bullish attention as momentum improves and buyers defend the recovery for the HYPE price. Whale accumulation, staking activity, and growing institutional exposure are reinforcing market confidence, while favorable technical conditions suggest the token could extend its advance if bullish momentum remains intact.
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At the time of writing, HYPE is trading at $85.36 with a 24-hour trading volume of $793.73 million and a market capitalization of $21.47 billion. However, the HYPE price has surged by 1.36% over the last 24 hours.
Source: CoinMarketCap
Also Read: Hyperliquid Enters NCIQ ETF With 3.36% Weight on September 1
HYPE Price Targets $105 After 240% Rally
The crypto analyst Hov revealed that Hyperliquid’s HYPE token continues to attract bullish attention after a trading setup delivered strong gains across multiple entries.
The initial $26 position has now reached a reported 240% gain, while a later entry near $55 is up more than 50%. The performance highlights persistent buying pressure and improving market momentum surrounding HYPE.
Source: Hov’s X Post
With bullish momentum strengthening, traders are now watching the HYPE price for a decisive breakout that could extend its current advance.
A sustained move above key resistance may open the path toward the $105 target highlighted in the setup. However, after such a substantial rally, profit-taking and short-term volatility could emerge before another major move higher.
HYPE Technicals Point to Strong Recovery
According to the TradingView chart analysis, the HYPE price displays a strong upward trend, trading at $85.66 (+1.46%) following a bottom near $50.00.
The stacked exponential moving averages (20 EMA at 78.29, 50 EMA at 70.24, 100 EMA at 64.14, and 200 EMA at 56.11) maintain a clear, well-defined bullish sequence to support near-term price movement.
Source: TradingView
The technical indicators are also confirming this continued momentum trend. The MACD line stands at 6.07 above the signal line of 6.06, with positive histogram bars in green that read 0.0062.
While momentum continues to stabilize around the existing high, the indicator shows continued strength on the part of buyers, with the price staying above all the exponential moving averages.
HYPE Whale Makes Another $29M Purchase
The market watchar Lookonchain pointed out that the mystery whale known by the moniker “wallet 0x6436” has made yet another purchase of 343,000 HYPE tokens worth about $29.09 million.
This recent purchase puts the number of HYPE tokens held by the whale at a staggering figure of 3.24 million tokens valued at about $252 million.
Source: Lookonchain’s X Post
More importantly, the whale has been reported to have staked its full HYPE, meaning that it is doing this on a long-term basis instead of dumping the tokens.
The fact that it has been accumulating the tokens has attracted the attention of many, since such massive accumulation means great faith in HYPE.
HYPE’s U.S. ETF Debut Signals Bigger Shift
The data from Hyperliquid Daily further highlighted that the HYPE token of Hyperliquid has made its first appearance in the United States’ crypto ETF, as it is now listed in the Nasdaq Crypto Index US ETF by Hashdex.
HYPE has become the fifth biggest investment in the fund, with a share of 3.4%, following Bitcoin, Ethereum, XRP, and Solana.
Source: HyperLiquid Daily’s X Post
This is a very important development for Hyperliquid, since the project is moving from being a decentralized perpetual market to something much more.
The decrease in index weight of Bitcoin has made it possible for other assets to be included, and future HYPE allocations will be subject to the growth and liquidity of the protocol itself.
What Happens Next?
The direction the HYPE price will take next will be determined by whether the buyers will be able to hold their gains above important resistance levels.
A breakout could pave the way towards $105, but with continued accumulation of whales and institutional buying, another rally may be in order. However, there is the risk of profit booking after the rapid gain.
Also Read: HYPE Price Targets $100 as Whale Buying and Hyperliquid Buybacks Fuel Rally
