Hyperliquid’s HYPE token is heating up the charts, ranking among the top performers among the top 100 cryptocurrencies on Thursday as Arthur Hayes predicts a strong breakout and sets a bold $150 price target.
According to CoinMarketCap, HYPE was trading at $37.18 with a 7.76% gain, as its 24-hour trading volume was up around 55% as of writing, marking a sharp weekly rise of nearly 17% and extending its monthly gains to about 24%.
Also, CoinGlass derivatives data, HYPE token’s open interest has surged 11.3% in the last 24 hours. While the token saw $4.08 million in liquidations, the majority were short positions with $3.55 million.
After Arthur Hayes shared his bullish outlook on X, predicting a breakout for Hyperliquid’s HYPE token, the post quickly gained traction across the crypto community. While responding to Hayes, Hyperliquid Labs wrote, “$HYPE holding firm near $36 while HIP-3 permissionless OI just hit a fresh record of $1.26B — oil and equity perps going crazy. $150 by Aug 2026? We’re all in on the mission.”
HYPE Shows Strong Bullish Structure
Source: TradingView
While seeing the 4h chart of HYPE/USDT, the trading pattern of HYPE shows strong bullish momentum, continuing its upward trend. As the current momentum continues, HYPE could attempt a breakout around the $38 resistance level that may open the way to move toward the $40 level in the near term.
On the downside, immediate support is seen around $35. If the HYPE token moves further down, the next support lies near the $32–$33 zone, which previously acted as a key consolidation area
While the Relative Strength Index is sitting at the 76 level, which is actually an overbought territory, as the token crossed above the 70 zone, which indicates a strong buying momentum and demand, there are still possibilities of short-term consolidation or small pullbacks. The Moving Average Convergence Divergence line remains above the signal line, showcasing positive momentum, and the structure indicates that buyers remain in control of the trend.
Highlighted Crypto News Today:
Mastercard has Launched Crypto Partner Program, Connecting Industry Leaders
