HYPE Token Breaks Above $90 Resistance as Buyers Defend Trend Support

The price of Hyperliquid's HYPE token has broken above key resistance at $90, maintaining a bullish structure and signaling renewed buying pressure. According to CryptoGuru12, the strong bullish candle that pushed HYPE beyond the resistance level also maintains a sequence of higher lows.

CryptoGuru12 outlined a long setup between $91.50 and $93.40 with potential targets at $95.50, $98.00, and $100.50. The setup becomes invalid below $88.50.

The technical structure supports further upside as HYPE has continued its steady rising trend despite hitting an all-time low around the month of August at around $52. The rising trend intensified to such an extent that the coin broke above $90 and entered a consolidation phase.