Hyperliquid (HYPE) Eyes $100 Milestone as Crypto Greed Frenzy Reignites

FOMO is back—and Hyperliquid (HYPE) is riding the wave. The altcoin’s price target just got a turbocharged upgrade to $100 as speculative fever floods the crypto markets again.

Greed Pays (Until It Doesn’t)

Traders are piling into high-risk bets, flipping the fear-and-greed meter from ‘caution’ to ‘full send.’ HYPE’s surge mirrors the 2021 playbook—where leverage and hopium outperformed fundamentals. Wall Street analysts would call this ‘irrational exuberance.’ Crypto natives? Tuesday.

Liquidity Tsunami

With memecoins and perpetual swaps sucking up capital, Hyperliquid’s infrastructure plays are catching bids. The protocol’s low-latency trading engine and zero-gas derivatives stack position it as a dark horse for degens chasing the next 10x.

Just don’t mention that most leveraged longs get liquidated before hitting price targets. Some things never change—like hedge funds pretending they ‘understand the tech’ while chasing retail-driven pumps.

• Hyperliquid (HYPE) trades near $47, forming strong technical support zones at $46 and $41, suggesting bullish continuation.
• Crypto Fear and Greed Index hits 70, signaling growing optimism as capital rotates back into altcoins like HYPE.
• Despite short-term consolidation, analysts maintain a $100 long-term target, with momentum building from retail and institutional interest.

Hyperliquid (HYPE), among the quickly emerging crypto tokens traded in the decentralized finance (DeFi) space, shows signs of a potential breakout as the price movements begin to capture the broader market gains.

Following several months of rising volatility triggered by macroeconomic concerns and sell-offs among VIRTUAL currencies, the scenario now appears reversible, and HYPE finds itself back at the center of traders’ attention.

HYPE currently trades at $46.72, with a volume in the last 24 hours of $563.39 million, and a market capitalization of $15.55 billion. Although it went down slightly by 2.26% in the previous 24 hours, the majority of the market participants believe the consolidation period could be the calm before the storm of a larger movement.

One of the most notable recent analyses came from major crypto voice Degen Ape Trader, who shared on social media that HYPE might be entering some sort of short-term “cool-off” cycle. But he reaffirmed a long-term bull outlook, stating, “$100 is still the target, but the road will never be smooth.”

His take aligns with the guarded Optimism held by many veteran traders, who see the current price setup as a springboard for a future rally in the near term.

Hyperliquid Gains Momentum as Crypto Greed Index Hits 70

Momentum behind this feeling was provided by Bitcoin hitting a new high, as the overall market situation has greatly improved. As capital keeps circulating back to altcoins, Hyperliquid has attracted the attention of retail and institutional investors. The Crypto Fear and Greed Index went up to 70, placing the market firmly in “Greed Mode,” something that usually follows bullish cross-the-board momentum.

Technically, Hyperliquid’s daily chart has extremely strong structural support indications. It has developed a clear rising trendline, which has since been retested for the third time, the most recent being July 8, and thus confirming a strong bullish pattern setup that technical analysts typically aim to see occur in breakouts.

Third touches at higher time frames most often act as a springboard to significant price action, and HYPE’s setup is fitting very well into the old template.

Two major support points have also emerged: $46, currently serving as immediate support, and the larger point at $41, which becomes a very strong buy-the-dip point if the overall markets require a correction. These support points now act as crucial areas of focus as the market makes up its mind as to the next direction.

With a favorable combination of technical expertise, regained market trust, and building societal interest, Hyperliquid is likely to recapture higher ground. While the path ahead to the $100 target still remains fraught with resistance and near-term corrections, the prevailing market situation suggests the potential breakthrough of HYPE’s major MOVE to happen sooner rather than later.