Can HYPE break through the previous high of $98? Where will the next target be?
Right now, the most critical battleground for HYPE is around $98. After spiking to around $98 on September 23 to set a new all-time high, the price quickly pulled back and has since returned to the vicinity of $92. This suggests that $98 has become the strongest near-term resistance level.
But this time is a bit different from ordinary altcoin breakouts. The market is still focused on Hyperliquid’s trading activity and protocol revenue, and HYPE also has a continuous buyback mechanism. The fundamental narrative provides some support to the price. Recently, HYPE’s perpetual open interest is around $1.88 billion, indicating high market participation—and it also means that once price breaks above or falls below key levels, volatility could expand significantly.
From the chart, $98 is the first real breakout threshold. If price breaks through $98 on strong volume and the daily candle can close effectively above the previous high, then this likely won’t be just a simple wick/bid-needle breakout. The market may enter a new phase of price discovery.****
On the upside, focus on three zones: $100 is the key psychological level; $105–$108 is the first target area; and $115–$120 is the strong extension target zone.
On the downside, focus on $90 and $86–$88. $90 is the current sentiment line between bulls and bears. If it holds, HYPE still has a chance to challenge $98 again. If $86–$88 breaks, it would indicate that this breakout structure has clearly cooled off, and afterward the market may return to range trading.
So my thesis is simple: as long as $98 doesn’t break, don’t chase blindly. After a volume-backed breakout above $98, watch the path $100 → $105–$108 → $115–$120. If the rally fails, then watch the $90 level and the $86–$88 support.
Also, it’s especially important to note that HYPE’s contract open interest is already very high, and the funding rate is currently positive. After longs get crowded, the most likely outcome is to see a “washout before the breakout.” So even if you’re bullish on the breakout, be careful of fast wicks near $98 that trap both sides.
****If $98 is truly taken out on strong volume, then HYPE’s significance isn’t just breaking the prior high—it would mark a formal entry into a new price-discovery phase above $100.
What do you think—can HYPE hold above $98 this time? If it breaks out, are you more focused on $105, or do you go straight for the $115–$120 range?
$HYPE
Right now, the most critical battleground for HYPE is around $98. After spiking to around $98 on September 23 to set a new all-time high, the price quickly pulled back and has since returned to the vicinity of $92. This suggests that $98 has become the strongest near-term resistance level.
But this time is a bit different from ordinary altcoin breakouts. The market is still focused on Hyperliquid’s trading activity and protocol revenue, and HYPE also has a continuous buyback mechanism. The fundamental narrative provides some support to the price. Recently, HYPE’s perpetual open interest is around $1.88 billion, indicating high market participation—and it also means that once price breaks above or falls below key levels, volatility could expand significantly.
From the chart, $98 is the first real breakout threshold. If price breaks through $98 on strong volume and the daily candle can close effectively above the previous high, then this likely won’t be just a simple wick/bid-needle breakout. The market may enter a new phase of price discovery.****
On the upside, focus on three zones: $100 is the key psychological level; $105–$108 is the first target area; and $115–$120 is the strong extension target zone.
On the downside, focus on $90 and $86–$88. $90 is the current sentiment line between bulls and bears. If it holds, HYPE still has a chance to challenge $98 again. If $86–$88 breaks, it would indicate that this breakout structure has clearly cooled off, and afterward the market may return to range trading.
So my thesis is simple: as long as $98 doesn’t break, don’t chase blindly. After a volume-backed breakout above $98, watch the path $100 → $105–$108 → $115–$120. If the rally fails, then watch the $90 level and the $86–$88 support.
Also, it’s especially important to note that HYPE’s contract open interest is already very high, and the funding rate is currently positive. After longs get crowded, the most likely outcome is to see a “washout before the breakout.” So even if you’re bullish on the breakout, be careful of fast wicks near $98 that trap both sides.
****If $98 is truly taken out on strong volume, then HYPE’s significance isn’t just breaking the prior high—it would mark a formal entry into a new price-discovery phase above $100.
What do you think—can HYPE hold above $98 this time? If it breaks out, are you more focused on $105, or do you go straight for the $115–$120 range?
$HYPE