Trend market driven by fundamentals + breakout resonance, $HYPE poised to make another new high
Current price is about $84.3, up 3.38% in the past 24H. It previously broke above $83 and set a new high at $86.77. So far, the price is up about 14% over 7 days, and it has already entered the historical price-discovery zone. More importantly, the 24H contract volume is about $5.1 billion, with OI around $3.73 billion—leverage capital is very active. Yet 24H liquidations are only about $6.12 million, and there hasn’t been a runaway-style liquidation. This suggests the rally hasn’t been completely over-leveraged for now.
Fundamentals are also fueling the fire: on August 26, AQAv2 officially launched, and about 90% of USDC reserve yield will be used for repurchase and burn of HYPE. Then on August 27, a trading-fee discount market was launched again, and the HyperEVM ecosystem continues to expand.
My strategy: wait for a pullback and don’t chase $86. $82–83 is the first support. If it holds, expect $90–92. If there’s a volume-backed breakout above $92, then the next target is $100. If it breaks below $80, I’ll reduce positions first; if it breaks below $76, the trend outlook turns weaker.
Current price is about $84.3, up 3.38% in the past 24H. It previously broke above $83 and set a new high at $86.77. So far, the price is up about 14% over 7 days, and it has already entered the historical price-discovery zone. More importantly, the 24H contract volume is about $5.1 billion, with OI around $3.73 billion—leverage capital is very active. Yet 24H liquidations are only about $6.12 million, and there hasn’t been a runaway-style liquidation. This suggests the rally hasn’t been completely over-leveraged for now.
Fundamentals are also fueling the fire: on August 26, AQAv2 officially launched, and about 90% of USDC reserve yield will be used for repurchase and burn of HYPE. Then on August 27, a trading-fee discount market was launched again, and the HyperEVM ecosystem continues to expand.
My strategy: wait for a pullback and don’t chase $86. $82–83 is the first support. If it holds, expect $90–92. If there’s a volume-backed breakout above $92, then the next target is $100. If it breaks below $80, I’ll reduce positions first; if it breaks below $76, the trend outlook turns weaker.