TLDR
- Hyperliquid achieved triple all-time highs with price hitting $50, daily perpetual volume reaching $29 billion, and buybacks exceeding $8.3 million
- Heavy sell-side liquidity of $13 million stacks at $50 resistance level creating key overhead supply pressure
- Technical analysis points to potential $75-$100 price targets if current support above $44-$46 holds
- Fourth test of $48-$50 resistance zone could trigger major breakout according to chart patterns
- Platform fundamentals show strong adoption with volume spikes aligning with feature releases
Hyperliquid price has reached a critical juncture after setting multiple records. The decentralized exchange token recently hit triple all-time highs across key metrics.

HYPE touched $50 while daily perpetual volume surged past $29 billion. The 24-hour buyback exceeded $8.3 million during this rally.
Hyperliquid just set three new ATHs:
• Price – $50
• 24hr perp volume – $29b+
• 24hr $HYPE buyback – $8.3m+Coin of the cycle. https://t.co/3XmQcfDq8C
— Alan (@0xAlan_) August 15, 2025
These numbers reflect strong market activity and protocol growth. Trading participation and tokenomics work together to strengthen the ecosystem.
Hyperliquid Price Prediction
Current price action shows HYPE holding above the $48-$50 support zone after its breakout. The trend builds in measured steps with short consolidation periods between rallies.
Technical analysts identify sequential targets around $75 and $100 based on Fibonacci extension theory. The 1.618 extension suggests HYPE could reach $62.
The 2.618 extension points to $95 if momentum accelerates. The 3.618 extension stretches to $125 for long-term projections.
Rising volume continues to support the advance. Sustained closes above recent highs would confirm buyer dominance.
Just tossing this out there for fun as one of the million possibilities. Would be nice. pic.twitter.com/2lT9XBKK8G
— Crypto Ricardo (@R1chardMaur1ce) August 15, 2025
Order Book Data Shows Battle Zone
Order book analysis reveals heavy sell order concentration between $46 and $50. The largest block positions over $13 million exactly at the $50 mark.
This overhead supply could slow or temporarily cap price advances. Large sell walls attract attention from traders watching for breakout or rejection signals.
Clearing this liquidity represents a bullish catalyst. Success could open pathways toward higher price levels.
Chart patterns show HYPE repeatedly testing horizontal resistance near $48-$50. This creates a multi-touch breakout setup with two prior rejected attempts.
A fourth approach could push price through if accompanied by increased volume. Repeated testing often weakens overhead supply over time.
Platform Growth Drives Token Demand
Hyperliquid operates as a decentralized trading platform built for speed and scalability. The platform rivals centralized exchanges while maintaining on-chain transparency.
Custom matching engine architecture appeals to high-frequency traders. The token powers governance, fee reductions, and ecosystem incentives.
Volume spikes align with major feature releases or liquidity incentives. This shows engaged users and active traders on the platform.
The current structure maintains bullish characteristics with a demand zone near $39. This area shows an imbalance where price moved quickly upward.
Demand zones often act as strong support levels. The $44-$46 range provides additional support for the current structure.
Price stability above these levels keeps breakout scenarios intact. The $55 level emerges as the pivot point for stronger bullish phases.
Breaking above $55 would clear both the $50 sell wall and key resistance levels. This could transition the structure into accelerated upside movement.
Current price stands at $49.18, up 0.75% in the last 24 hours. HYPE maintains position above key support while testing overhead resistance at the $50 level.