Hyperliquid (HYPE) has regained bullish momentum after successfully retesting support and attracting renewed buying interest. Hyperliquid’s token burns highlight continued protocol activity, while rising user engagement and network throughput strengthen its ecosystem narrative. Traders are now watching whether momentum can continue toward higher resistance levels in coming sessions.
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HYPE Price Reclaims Key $75 Support
HYPE has shown signs of bullishness following a retest of the $75 level and an impressive recovery. Crypto analyst Einstein mentioned this by emphasizing how HYPE managed to bounce off from the expected pattern and move towards $96.13 from the retest level. The recovery has amounted to about a 27% gain since the retest level.
The $75 level has gained relevance following the strong corrective move from HYPE in the previous rise. The test’s success shows that there is willingness to defend the level without letting the pattern break down.
Now, with the price well above this level, it will be interesting to see if HYPE is able to gain strength and support above this bounce area.
HYPE Price Breakout Sets $160 Rally in Focus
After the bounce, Einstein identified a set of possible upside targets for HYPE at $120, $140, and $160. This series of targets represents higher resistance zones rather than concrete price moves.
In order for the price to move closer to the first target, HYPE would have to hold on to its gains despite selling at $100.
Source: Einstein’s X Post
The prediction made by the analyst arrives at a time when HYPE remains on the radar screen of traders due to its good recovery.
However, given the gap that exists between the present price level and the targeted price level, it is expected that there will be high levels of volatility in the market. The retest of the $75 level could be inevitable.
Also Read: HYPE Price Eyes $100 as Breakout Momentum Meets $2.42M Burn Activity
Hyperliquid Burns $3.76M Worth of HYPE
In addition, fundamental activity is becoming a part of the HYPE story as well. According to Onchain Lens figures released on September 22, Hyperliquid bought back and burnt 39,980 HYPE tokens for an average value of $94.18 per token, amounting to $3.76 million worth of tokens.
Source: Onchain Lens’ X Post
The recent burning took the total number of tokens that Hyperliquid burned to around 48.84 million HYPE, representing about 4.88% of the total possible maximum number of tokens.
The total value of the tokens burned at the indicated market price is around $4.64 billion. The total amount of money made from Hyperliquid’s protocol is currently around $1.27 billion.
Network Usage Reaches New Highs
Apart from the burns, Hyperliquid is showing increased activity among users. According to Crypto Analyst Crypto Patel, the network recorded an all-time high number of 291.9K for its monthly active addresses.
This measure indicates further growth in activity in the ecosystem along with the rebound of the HYPE price.
Source: Crypto Patel’s X Post
Address expansion is particularly important considering the fact that the overarching market storyline of HYPE in the long run will largely depend on the ongoing usage of Hyperliquid.
Increased participation can facilitate trading volume and liquidity needs and generate revenue for the protocol fees, though growing addresses does not necessarily mean continued price growth.
Hyperliquid Throughput Approaches 19K TPS
Another development seen is that of network performance. As seen in data from Hyperliquid Daily, throughput has been increasing significantly, reaching around 19,000 transactions per second recently.
The network has managed to maintain around 8,000–10,000 TPS throughout much of the observation period, while spikes have exceeded 10,000 TPS at times.
Source: Hyperliquid Daily’s X Post
In the case of a blockchain whose focus is trading, increased throughput will mean having extra space to perform trading, liquidations, and other activities on the chain.
It is crucial for a blockchain whose primary purpose is to serve as an exchange because performance becomes even more critical in this case.
What Comes Next for the HYPE Price?
The bullish sentiment of HYPE increases on the stability above $75, the fast-burning rate of tokens, new highs in active wallets, and increasing throughput.
The main focus now will be on the possibility of consolidation in the range of $95-$100 and targeting $120, $140, and $160. But selling pressure can cause a pullback to $75.
Also Read: Hyperliquid Tokenized Stocks: Bullish 2026 NVDA Breakout
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
