Hyperliquid (HYPE) Price Outlook: Can It Reach $100 in 2026?

Hyperliquid (HYPE) has fallen around 15% over the past week, giving back part of its recent gains after another volatile move higher. Despite the short-term weakness, HYPE remains up around 200% year-to-date, highlighting the strength of its broader 2026 performance.

HYPE is currently trading around $75.80 after retreating sharply from its recent rebound above $90. With the price now sitting close to an important support area, the next reaction could help determine whether buyers can stabilize the decline and rebuild momentum or whether the correction extends further.

Hyperliquid (HYPE) technical analysis

HYPEUSD - 1 Day Time Frame

HYPE is currently trading around $75.80, following a sharp decline from its recent November high near $95. The nearest important support is located around $74–$75. This area has already attracted buyer interest during recent price action and now represents the first major level to monitor.

Holding above this zone could help HYPE stabilize and potentially begin rebuilding momentum. A sustained daily move below it, however, could weaken the short-term structure and increase the possibility of a deeper correction. If the current support fails to hold, the next major structural support is positioned around $51–$52. This area formed an important base during August before HYPE accelerated strongly higher and could therefore attract renewed buyer interest if revisited.

For now, the short-term picture remains cautious while HYPE trades close to support and below the resistance levels created during its latest decline.

Hyperliquid (HYPE) price target

The first important upside resistance is located around $88–$89. This area recently acted as a rebound high and represents the first major barrier buyers would need to overcome. A sustained move above $89 could improve the short-term technical picture and shift attention toward the next major resistance around $94–$95.

This higher area corresponds with the recent November high and could attract stronger selling pressure if HYPE manages to recover toward it. On the downside, $74–$75 remains the key support zone to watch. A sustained break below this area could increase the risk of a deeper move toward $51–$52.

For now, HYPE is testing an important support area after a sharp weekly decline. A constructive reaction around $74–$75 could provide the foundation for a recovery toward $88–$89, followed by $94–$95 if momentum strengthens further.

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