Hyperliquid Price Consolidates Below Record High as Market Structure Remains Bullish

Hyperliquid (HYPE) price continues to consolidate below its record high of $86.71, reached on August 27.

The token has pulled back about 6.4% from that peak and is currently trading around $81.14, down 2% on the daily candle.

The wider bullish market structure remains intact despite fading short-term momentum, with technical indicators showing HYPE's uptrend is still in place.

A move above the record high could expose the psychological $90 level and then potentially the upper Bollinger Band near $94.80.