Hyperliquid Soars to New All-Time High, Targets Three-Digit Price Tag

The native token of decentralized exchange Hyperliquid (HYPE) has broken through new all-time highs, reaching $89.92 and solidifying its spot among the top 10 largest cryptocurrencies in the world according to CoinMarketCap.

This impressive rise has been attributed to a technical breakout followed by a pullback and continuation pattern on the daily chart for HYPEUSDT against Tether, as described by well-known analyst Aksel Kibar of Tech Charts.

The current setup is promising a three-digit price tag for Hyperliquid token, with a calculated medium-term target of $100.5. The main defensive level for buyers now stands at $76.6, which previously acted as strong resistance.