HYPE Price Eyes $160 As Burns And Network Activity Strengthen Bullish Outlook
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Hyperliquid Surges 20% in 30 Days, Nears $100 With Record $8.8B Open Interest
TL;DR Price Action: Hyperliquid has gained 88% in roughly two months, reached a September all-time high of $96, and continues trading just below the key $100 level as momentum remains intact. Revenue Growth: The rally is supported by fundamentals, with average daily revenue increasing from about $1.5 million in Q2 to $3 million in Q3, ...
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Cryptocurrency News | Cryptocurrency Prices | Market CapHYPE Price Eyes $160 As Burns And Network Activity Strengthen Bullish Outlook
HYPE is recovering after successfully retesting the $75 support zone, with the token reaching $96.13 and analysts watching higher resistance levels. Recent HYPE burns, record monthly active addresses, and rising Hyperliquid throughput add fundamental context as traders assess whether the recovery can extend further.
HYPE reached a new historic peak of USD $97.53 on September 22, 2026, with an intraday gain of 3.42% and a weekly return of 26.10%. The rally coincides with Hyperliquid’s expansion in derivatives products and with a crypto market supported by BTC recovery. However, the RSI at 70.9 and a stochastic at 99.1 turn on alarms about a possible short-term technical correction.
According to ChainCatcher, on-chain analyst Onchain Lens (@OnchainLens) reports that the decentralized exchange Hyperliquid repurchased and burned approximately 39,980 HYPE tokens in the past 24 hours at an average transaction price of $94.18, worth approximately $3.76 million. Since its launch, the platform has burned approximately 48.84 million HYPE tokens, with a current total token value of approximately $4.64 billion, representing about 4.8…
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