#HYPEContinuesToHitAll-TimeHighs

HYPE is no longer just testing the old highs — it is trading in the area where the market is trying to decide whether the next move becomes another breakout or a deeper cooling phase.

Today, HYPE is sitting around $83.2 after recently reaching the $86.6–$86.7 area. The important detail is what happened after that high: sellers pushed price sharply lower toward the high-$78s, but buyers returned and recovered much of the decline. That tells me demand is still present, but the $85–$87 region is attracting serious supply.

The short-term structure is therefore quite simple.

As long as HYPE continues holding the $78–$80 region, the recent breakout structure remains intact. The first upside test is the $85–$87 area. A clean daily acceptance above that zone would put the market back into price discovery and make the next psychological target around $90–$92 increasingly relevant.

But I would not ignore the downside.

The move from roughly $69.60 on August 19 to the mid-$80s happened very quickly, and daily trading volume expanded significantly during the advance. That kind of acceleration can create strong momentum, but it can also produce aggressive profit-taking when buyers stop chasing. Recent data shows multi-billion-dollar daily turnover around the largest moves, confirming that HYPE is currently trading with much greater participation than earlier in the month.

The fundamental side has also become more interesting.

Hyperliquid activated AQAv2 on August 26, directing yield from its USDC reserves toward HYPE buybacks and burns. The first payment into the buyback mechanism is scheduled for October 3. This creates a new potential source of token-demand pressure, although it should not be treated as a guaranteed price catalyst.

So my current map is straightforward:

$85–$87 → immediate resistance and breakout zone

$78–$80 → first major support and structure check

$75–$76 → deeper support if the current range fails

$90–$92 → next major upside area if price establishes itself above the recent high

The most important thing right now is not predicting the next candle. It is watching whether HYPE can build acceptance above the previous high instead of repeatedly getting rejected from it.

For me, the bullish structure remains alive while the $78–$80 area holds. A decisive break above $86–$87 would strengthen the price-discovery case, while a sustained move below $78 would tell me that the market needs more time to digest the recent rally.

HYPE has already demonstrated extraordinary momentum this month. Now the market has to prove that these highs can become a foundation rather than another temporary peak.

#HYPE
$HYPE ‌