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Arthur Hayes Targets $100 for Hyperliquid Token as Price Surges Past $32
Arthur Hayes Targets $100 for Hyperliquid Token as Price Surges Past $32
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Hyperliquid’s native token HYPE surged over 16% in 24 hours, reaching $32.50 on May 22 as bullish momentum intensified. The rally followed a viral post by Arthur Hayes, who projected a $100 price target, reigniting investor interest.
Technical indicators show HYPE breaking out of a multi-week ascending channel, with $35.37 emerging as the next resistance level. On-chain metrics hit record highs, despite warnings of overextension in the market.
Hayes’ endorsement referenced a $1.1 billion Bitcoin long position as validation for HYPE’s potential. The token now trades at its highest level since January, with traders aggressively accumulating positions.
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