Hyperliquid’s
$HYPE is catching attention after pushing to a new all-time high around $85.39, with 24-hour volume above $1B.
But I’m not interested in chasing the green candle. The more important question is whether HYPE can hold its breakout.
Why HYPE is interesting
Hyperliquid continues to expand its ecosystem, while a new yield-based buyback mechanism went live on August 26. That could provide another source of demand for HYPE.
There’s also a major risk traders need to watch: around 14.18M HYPE tokens, worth roughly $1.2B, are scheduled to unlock on August 29.
An unlock doesn't automatically mean a massive sell-off, but the additional supply can increase volatility.
Levels I am watching
$77–$78: Key support zone
$85.39: Recent ATH
$90: First major upside target
$97–$100: Extended bullish target
$71: Important downside support
My preferred setup would be a pullback that holds $77–$78, followed by a higher low and a move back toward the ATH.
If HYPE loses that support with strong selling, I would rather stay patient than catch a falling knife.
For me, HYPE is a coin worth watching closely right now, but not one I would blindly FOMO into after a fresh ATH.
Trade the setup, not the hype. Always manage your risk.
#Hyperliquid #hype