Hyperliquid price jumped to a new all-time high above $51.
The token broke higher as HYPE bulls held above a major ascending trendline.
While price is down 4% from the ATH and hovers near 48, analysts predict further gains.
Hyperliquid (HYPE) stood out among top cryptocurrency performers this week as the native token of the high-performance layer-1 blockchain rose to a new all-time high above $51.
But can bulls hold prices above a key trendline and enter price discovery?
Hyperliquid pares gains after bulls reach new ATH
HYPE has been on a tear, climbing to an all-time high of $51.07 on August 27, 2025, fueled by a slight crypto market bounce that saw Bitcoin flip to above $113k from under $110k.
The gains came as stocks edged higher ahead of Nvidia earnings, and then futures surged after the AI chip giant posted a revenue beat.
With weekly gains exceeding 18%, Hyperliquid outpaced many top cryptocurrencies and stormed to its new ATH.
Having captured the crypto market’s attention with spot volumes hitting daily peaks above $3.5 billion, HYPE token’s price jumped more than 17% in the past week.
This saw the 16th-ranked altcoin hit highs of $51 across major exchanges.
CoinGecko data shows the altcoin’s price managed a 1,174% rally from its all-time low of $3.81 reached in November 2024.
Whales are aggressively buying HYPE.
Two more whales bought 175,130 $HYPE($8.47M) in the past 12 hours.https://t.co/61ts9kBRC8https://t.co/t6SDRudnPbhttps://t.co/DAxhCUWBkd pic.twitter.com/dOUyTSb92B
— Lookonchain (@lookonchain) August 28, 2025
On-chain activity, with Hyperliquid’s decentralised exchange recording new highs in daily trading volume and fees, helped bulls.
Institutional adoption, highlighted by spot exchange-traded fund anticipation and support by BitGo and Anchorage Digital Bank, has been a key catalyst.
Hyperliquid price forecast: Is $100 next for HYPE?
The broader crypto market bounce, with Cronos (CRO) jumping on Trump Media news, also helped HYPE drive higher.
Analysts now say Hyperliquid price could extend gains in the coming months, with bulls likely to see triple-digit moves as they eye $100 and higher.
However, HYPE has pulled back slightly, with profit-taking currently seeing the token hover above $48.
Despite the pullback, market sentiment remains optimistic, supported by Hyperliquid’s dominance in the decentralised perpetuals market.
The daily chart above shows the technical outlook for HYPE is largely bullish as the token holds above a key ascending trendline.
It signals sustained buyer demand, with the Relative Strength Index (RSI) above 57 to suggest that momentum favours the bulls.
The daily MACD also shows a bullish crossover, with the histogram’s green bars strengthening.
If HYPE regains upside traction, analysts believe it could enter price discovery mode, potentially targeting $100 in the coming months.
As noted, a broader market downturn could push HYPE toward support levels, with demand reload zones around $42 and then $30.
