Hype Buyers Defend Record Breakout as Fees Soar

Hype (HYPE) has broken its record high of $83.6, but buyers are defending the breakout area as Hyperliquid generates one of its strongest fee days to date.

The chart now comes down to one question: can the market keep the old peak beneath price?

If HYPE holds above $76, the 0.236 Fibonacci retracement level, it would indicate that demand remains intact and the breakout is still valid.

However, if the price slips back below $76 and stays there, the breakout loses much of its force.