Hyperliquid (HYPE) is showing renewed bullish momentum after breaking out of its prolonged downtrend. Hyperliquid’s supply reduction and growing regulatory ambitions are strengthening the broader bullish narrative, while traders continue watching whether the recovery can extend further.
HYPE Price Targets $90 After Sharp Breakout
Hyperliquid (HYPE) is gaining attention as bullish momentum pushes the token closer to the psychological $90 level. Crypto analyst Dylan highlighted the strengthening price action, suggesting that $90 is becoming increasingly realistic if the current rally continues.
Source: Dylan’s X Post
The move represents a major shift from HYPE’s summer downtrend. After falling toward approximately $52, the token attracted intense buying pressure and broke through several resistance levels. The rally accelerated into September, sending HYPE toward a local peak near $88.30.
Although the token has since entered a short-term pullback, the broader structure remains bullish. Continued buying pressure around key support levels could determine whether HYPE resumes its advance toward $90.
Also Read: HYPE Price Holds Above Key EMAs: Can Bulls Reclaim $90?
Technical Indicators Support Bullish Structure
TradingView chart analysis shows that HYPE has undergone a significant technical reversal. The token moved from a prolonged declining trend into a sharp breakout, with expanding Bollinger Bands reflecting the increased volatility accompanying the rally.
Currently, HYPE is exchanging hands at $79.39, trading under the 20-day EMA of $80.22. The $80 region will be significant for the bulls to regain control again. In terms of support, the lower band of Bollinger bands at $77.22 would be the immediate one.
Source: TradingView
If buyers defend that level, HYPE could stabilize and attempt another move toward $88.30. A sustained breakout above the recent high could put the $90 psychological resistance level firmly in focus.
The 50-day EMA at $73.23 also serves as another support level if there is a surge in the selling momentum. The 100-day and 200-day EMAs are still considerably lower than the current price level and are rising, thus showing that the overall trend is still intact despite the recent correction.
Hyperliquid Burns $2.65 Million in HYPE
Supply factors for HYPE are contributing to the positive story too. According to Onchain Lens, Hyperliquid has bought and burnt 32.77K of HYPE tokens within 24 hours, where the tokens were worth around $2.65 million at an average buy price of $81.01 per token.
Source: Onchain Lens’ X Post
This recent burn has brought in more burns for the overall token burn program at Hyperliquid. As per lifetime statistics, around 48.57 million HYPE tokens have been burned, which constitutes 4.86% of its maximum supply.
Even though token burns do not necessarily cause increases in the price of the token, taking the token out of circulation is bound to make the scarcity story more convincing, particularly when demand is high. This will be an important consideration for HYPE traders.
Hyperliquid Pushes Into U.S. Regulatory Fight
Aside from price movements, Hyperliquid is becoming more active in the U.S. discussions regarding perpetual futures of cryptos. As reported by Hyperliquid Daily, the Hyperliquid Policy Center has recruited Elizabeth Prelogar, who once served as U.S. Solicitor General, to oppose CME Group’s suit against the CFTC’s authorization of Bitcoin perpetual futures on Kalshi.
Source: Hyperliquid Daily’s X Post
The case may extend its impact beyond both parties. It will determine the way in which regulators look at derivatives in cryptocurrency and whether on-chain perpetual markets could one day function under a clearer regulatory system in the United States.
This becomes especially relevant for Hyperliquid due to the nature of perpetual futures in the company’s trading system. More clarity in the regulation might give a way for on-chain derivative platforms to operate in the USA.
What Comes Next for HYPE?
HYPE is now facing a crucial juncture where holding on to the $77.22 support level may enable the bulls to build up momentum, whereas regaining the $80.22 20-day EMA will make the bullish structure more robust.
A breakout of $88.30 will bring $90 within reach. But failure to hold the $77.22 region could lead to consolidation at the $73.23 level, which is the 50-day EMA.
However, at the moment, it is still a forecast and not a guaranteed one. However, with the combination of the technical bullish setup, the ongoing HYPE, and the efforts by Hyperliquid to navigate the regulatory pathway in the United States, the traders have multiple things to watch out for.
Also Read: HYPE Price Targets $100 as Whale Accumulation and HIP-4 Activity Rise
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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