Hyperliquid Price Eyes $97 as Hype Holds Above $80
Hyperliquid (HYPE) price has been on an impressive run, reaching a record high of approximately $83.27 after a sharp weekly rally. The strong momentum and positive capital flows have supported the move, with HYPE trading near its all-time high of $80.50 as of August 25.
The daily relative strength index (RSI) has risen to 74.91, indicating that the token is in overbought territory. However, this does not necessarily signal a reversal, particularly during a strong trend. The moving average convergence divergence (MACD) indicator remains bullish, with the MACD line standing at 5.89 above the signal line at 3.28.
The Supertrend supports the bullish structure above $73.05, and the positive Chaikin Money Flow reading of 0.10 suggests that capital inflows are stronger than outflows during the latest advance. A confirmed daily close above $83.52 would place HYPE in price discovery, where limited historical supply makes resistance harder to identify.
Analyst Havoc noted that HYPE is printing its second-largest monthly candle, with a gain of roughly 63%. If August matches May's 91% monthly expansion, the token could reach $97 by the end of the month. However, the rally has become stretched, and an overbought RSI indicates temporary profit-taking.