HYPE breaks record at $92, analysts are bullish at $100.5

According to Woofun AI, Hyperliquid (HYPE) broke through an all-time high (ATH) of $89.69 on Friday, September 18, and is among the top 10 cryptocurrencies by market capitalization thanks to its strong performance.

The intraday price once surged to $92.56, leaving the independent market at a time when most altcoins were consolidating. Tech Charts analyst Aksel Kibar pointed out that the HYPE/USDT daily chart shows a 'breakout—retrace—continue to rise' pattern. After breaking through $89, it entered a price discovery phase with no historical selling pressure. Based on the channel's extension, the mid-term technical target was set at $100.5, while the original resistance level of $76.6 has been transformed into a key support for the buying line.

According to data compiled by Woofun AI, the decentralized derivatives network processed HYPE/USDC perpetual contract transactions amounting to US$141 million in 24 hours and is fiercely competing for a share of the centralized trading platform. Under the upper limit of 1 billion tokens, its fully diluted valuation (FDV) has exceeded 87 billion US dollars, and institutions continue to increase their holdings through corporate fund management solutions, boosting demand.

The next trend depends on whether the weekly closing price stabilizes above $90 and the flow of funds on the futures contract settlement date at the end of this month. If the support is effective, HYPE is expected to continue the three-digit increase forecast, while the opposite is at risk of a pullback.