Hyperliquid (HYPE) continues to attract bullish sentiment as strong momentum, whale accumulation, and Hyperliquid’s buyback strategy reinforce confidence. With buyers defending the uptrend, traders increasingly expect the HYPE price to challenge higher levels as market interest continues to strengthen.
At the time of writing, HYPE is trading at $85.78 with a 24-hour trading volume of $1.53 billion and a market capitalization of $21.63 billion. However, the HYPE price has surged by 4.26% over the last 24 hours.
Source: CoinMarketCap
HYPE Price Targets $100 as Rally Accelerates
However, the crypto analyst Jelle revealed that HYPE continues to attract bullish attention as its upward momentum remains intact, with traders highlighting the token’s strong performance since earlier purchases.
The latest move has reinforced confidence among market participants who believe Hyperliquid’s native asset could continue advancing. With buying interest holding firm, the psychological $100 milestone is increasingly emerging as a key target.
Source: Jelle’s X Post
The bullish outlook reflects expectations that HYPE can extend its rally if momentum persists and resistance levels continue giving way.
Some traders are planning to secure limited profits around $100 while maintaining most of their positions for a potentially larger move. This strategy signals confidence that HYPE’s broader uptrend may have further room to develop.
Also Read: Hyperliquid Bridge Dominates EigenCloud With $6.53B TVL
Bollinger Band and EMAs Support Upward Recovery
According to TradingView, HYPE shows a major bullish trend following an early August bottom near $50. After a steep mid-summer decline, strong buying momentum drove a sharp rally, pushing prices up toward $95. As of September 4, the token trades at $86.97, taking a mild breather with a brief daily drop of -0.53%.
Source: TradingView
Technical indicators highlight strong upward momentum, with the price comfortably hovering above all major moving averages, including the 20-day EMA at $77.76 and the 200-day EMA at $55.84.
While the widening Bollinger Bands signal elevated volatility, testing the upper band near $95.46 confirms buyers remain firmly in control despite short-term consolidation.
Following the bullish price predictions and improving technicals, the HYPE price is moving in an upward direction. This move is also affected by the improving trend in the general market as the BTC price is moving upward.
Mystery Whale Expands Massive HYPE Position
The Market Watcher Lookonchain also pointed out that the mysterious whale wallet, which goes by the name 0x6436, has been actively acquiring HYPE tokens, indicating high belief in the native cryptocurrency of Hyperliquid.
Having already purchased 1.28 million HYPE worth around $89.13 million at approximately $70 three months ago, the whale is back on another massive acquisition mission.
Source: Lookonchain’s X Post
The wallet is believed to have accumulated 1.62 million HYPE tokens over the last 10 days with an average cost of $82.40 per token, making for total expenses of about $133.8 million.
The recently made transactions raise the recorded number of HYPE accumulated by the wallet to about 2.9 million HYPE tokens.
Hyperliquid Leads 2026 Crypto Token Buybacks
The data from Hyperliquid Daily further highlighted that Hyperliquid is the dominant crypto protocol for token buyback operations in 2026, with recorded purchases of HYPE at a cost of $379 million from January until now.
The amount clearly shows that Hyperliquid is far more dominant than Pump.fun and Sky in the crypto world due to its assertive strategy.
Source: Hyperliquid Daily’s X Post
This buying-back plan highlights the overall model for token valuation created by Hyperliquid, where there is a connection between the protocol’s earnings and demand for HYPE.
The more trade and revenue are generated, the more the buyback plans will help gain trust among investors and differentiate HYPE from those tokens whose values solely depend on speculation.
What Happens Next?
The next big test for HYPE will be whether there is enough strength in the buyer side to go beyond the resistance range of $90-$95.
If there is a strong upside movement, then there is the possibility of reaching the psychologically important $100 mark. But if it fails, then there is a risk of profit-taking and a retreat towards lower support.
Also Read: Hyperliquid Enters NCIQ ETF With 3.36% Weight on September 1
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
