Hyperliquid (HYPE) has surged to an all-time peak of $47.74, entering a price discovery phase during the current 2025 bull run. At present, with its fully diluted market cap nearly $46.7 billion, HYPE is now one of the largest altcoins in valuations and positive momentum.
The latest breakout over $44 confirms a clean technical advance. HYPE continues with higher lows and higher highs since its reversal in April. Enduring volume consistency and strong bounce reactions on dips reaffirm bulls are still strong in control, and $50 is the nearest technical objective.
Hyperliquid technicals point to $100 breakout
Analyst Henrik noted that institutional-grade capital is incoming, supporting HYPE’s higher positioning. Adding to the bullish case, institutions are beginning to take notice. Nuvve Holding Corp announced an offering of $4.8 million, with which it is investing in crypto treasury exposure, including HYPE.
As mainstream non-crypto companies explore crypto-natives to diversify their balance sheet, HYPE might turn out to be an eventual front-runner candidate among treasury allocations beyond retail interest.
Technically, HYPE is bouncing up against long-term trendline resistance. According to Jr. analysis, a clean breakout through it could initiate a parabolic rise to the $100 level. RSI is strong but yet still has yet to signal exhaustion, and is leaning towards more upside.
The price structure has maintained technical integrity since sub-$10 levels, with every pullback resetting momentum without breaking trendlines. Support is fortified with the rise of positive volume and lack of bearish divergence, making the case to the upside strong.
Network activity and whale movements support price
Hyperliquid is also showing healthy on-chain activity. Over 4,000 wallets now trade on Phantom, generating in excess of $435K of protocol fees. One wallet alone has experienced over $1.27 billion in volume, and Hyperliquid’s Support Fund has recently bought 81,060 HYPE from the secondary market.
The fund now owns over 26 million HYPE tokens valued at $1.2 billion, with strong support offered from the market with good backing. Whale and retail activity remain firm, with a new wallet withdrawing 118,856 HYPE at $46.27.
Crypto analysts predict that hype can reach to $100 before the end of 2025, and the HYPE trend is firm, but it must maintain key support between $31 and $37 to avoid any midterm reversal.
