Hyperliquid Shatters Records: Can HYPE’s Momentum Catapult It to Unprecedented Heights?

Hyperliquid just smashed through its previous ceiling—hitting a staggering new all-time high that's got the entire crypto space buzzing.

The Run-Up

HYPE's surge isn't happening in a vacuum. The token's been riding a wave of bullish sentiment, defying the usual market skepticism that plagues lesser altcoins. No fluff, no hype—just raw, upward momentum that even traditional finance skeptics can't easily dismiss.

Breaking Barriers

This isn't just another pump. Hyperliquid's infrastructure—built for speed and scalability—is finally getting the recognition it deserves. Forget legacy systems bogged down by bureaucracy; this is DeFi doing what it does best: moving fast and breaking things, preferably new price records.

The Big Question

Will HYPE sustain this rally and break into a higher range? Or is this another 'buy the rumor, sell the news' moment—classic crypto theater at its finest? One thing's clear: in a market where most tokens promise the moon but deliver craters, Hyperliquid's actual performance is a refreshing change. Still, let's not forget—this is crypto, where today's hero can be tomorrow's bagholder. Stay sharp.

Record Revenue Strengthens Investor Confidence

Beyond price action, Hyperliquid’s fundamentals are equally impressive. According to Artemis Terminal, the network generated $2.5 million in fees in a single day, surpassing industry leaders like Ethereum and Solana.

A Reflexivity Research report confirmed that Q3 was Hyperliquid’s strongest quarter yet, with total fees reaching $250.45 million, net income to token holders amounting to $243.59 million, and a team size of just 11 members.

This lean but high-performing setup has fueled optimism that Hyperliquid can continue scaling without losing efficiency. Combined with staking incentives and growing exchange listings, many traders see HYPE as one of the most promising tokens in the current market.

Hyperliquid (HYPE)’s Wedge Pattern Raises Caution

Despite strong fundamentals, technical analysis suggests caution. On the two-hour chart, HYPE touched $59.36, testing the upper boundary of a rising wedge formation, a pattern often associated with weakening momentum.

The Relative Strength Index (RSI) is nearing overbought levels, with bearish divergence forming as price makes new highs without matching momentum. Analysts warn that a rejection at $59.36 could trigger pullbacks to $55 support, with deeper downside targets at $52–$48 if selling pressure builds.

However, if bulls defend support and confirm strength with a bullish engulfing candle, HYPE could rebound toward $60 and beyond, potentially aligning with Polymarket traders who forecast short-term moves toward $70.

For now, the line in the SAND remains at $59.36. Whether Hyperliquid breaks higher or faces a wedge breakdown will determine if HYPE’s new all-time high transforms into sustained momentum, or just a temporary peak.

Cover image from ChatGPT, HYPEUSD chart from Tradingview