HYPE Price Breaks $75 After 60% Rally — What’s Next?

Hyperliquid (HYPE) has delivered a strong recovery from its August low, gaining more than 60% and climbing above the previous key high around $75. The breakout has strengthened HYPE's broader technical picture and pushed the token toward approximately $87 before momentum began to stabilize.

With HYPE now trading around $82, the recent rally remains constructive. However, after such a strong move, the possibility of a short-term correction remains important, particularly as the token trades above several key technical levels.

Hyperliquid (HYPE) technical analysis

HYPEUSD - 1 Day Time Frame

The most important recent development was the break above $75, which previously represented a major resistance area and Buy-Side Liquidity level. Rather than immediately rejecting after moving above this area, HYPE maintained higher prices and continued toward approximately $87, creating a new higher high.

The former resistance around $75 could now become an important support area if HYPE successfully holds above it. Maintaining this level would help preserve the current bullish structure, while a daily close back below $75 could weaken the setup and suggest that the market is struggling to sustain higher prices. After gaining more than 60% from its August low, entering an entire position around the current price near $82 may offer a less attractive risk-to-reward profile. One potential approach could therefore involve dividing an entry into several parts.

Part of a position could be considered around the current price, while a correction toward the former breakout area near $75 could provide another potential entry. In the case of a deeper correction, the 0.5 Fibonacci retracement around $69 represents another important technical area. HYPE is currently trading above this Fibonacci level and therefore within the premium zone of its latest bullish structure. A move below $69 could represent a more significant deterioration of the current technical setup.

Hyperliquid (HYPE) price target

The nearest visible Buy-Side Liquidity is located around the recent highs at $85–$87. A sustained move through this area could create another higher high and strengthen the case for further upside. For now, HYPE maintains a constructive technical picture following its breakout above $75 and more than 60% recovery from the August low. The recent consolidation around $80–$85 has yet to develop into a significant bearish reversal, leaving the broader bullish structure intact.

While the bullish scenario remains active, a correction toward $75 or potentially the 0.5 Fibonacci retracement around $69 could provide alternative entry areas rather than chasing the market following its latest impulsive move. In the near term, the main focus remains on whether HYPE can sustainably break through the $85–$87 area and extend its recovery.

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