$HYPE Surges Past $89 as Top Analyst Predicts Hyperliquid at 3-Digit Price Tag

The Hyperliquid token has reached an all-time high of $89.92 and entered the top 10 largest cryptocurrencies globally, according to CoinMarketCap.

This significant milestone is attributed to a powerful technical breakout, which has set the stage for further price appreciation in the coming sessions.

Aksel Kibar, a well-known technical analyst from Tech Charts, identified a classic bullish scenario on the daily chart of Hyperliquid against Tether (USDT).

The setup is characterized by a breakout, pullback, and continuation pattern, which suggests that the price will continue to rise towards the calculated medium-term target of $100.5.