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HYPE Price Eyes $97 as Hyperliquid Sees Record High

Guavy AI Editorial Team
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HYPE
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Hypersquare's trading infrastructure has seen significant adoption in recent weeks. Hyperliquid (HYPE) price rose sharply to a record high of around $83.27 after a strong weekly rally, with positive capital flows supporting the move.

The token opened the seven-day period at approximately $69.60 and is now trading near its record high of $80.50 on August 25. The rally accelerated on Aug. 19 when HYPE jumped from below $60 to around $70.

A strong trend in HYPE's price is supported by indicators, including the moving average convergence divergence (MACD) and Chaikin Money Flow readings. However, an overbought daily RSI reading of 74.91 indicates that new buyers are entering after a steep advance, increasing the chance of temporary profit-taking.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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