Hyperliquid (HYPE) Targets $100 Breakout After $85 Reclaim

Buyers Lift HYPE Back Over $85

Hyperliquid (HYPE) is trading near $90.36 on Friday, and its momentum has turned bullish again after an October correction pulled the token well off its September highs. The recovery has carried price back above the short- and medium-term moving averages, while the longer-term averages keep their upward slope, so the broader bull market structure has survived the drawdown intact. The path here is worth tracing in full. HYPE topped out at roughly $97.50 in late September, then corrected into the $75-$77 support zone. Buyers defended that floor, and the bounce that followed has now cleared the $82-$85 resistance area, a supply band that had capped earlier recovery attempts. That band had rejected the first bounce out of the correction, which is why reclaiming it changes the picture. Price is pressing the next layer of resistance at $92.50-$95, with the prior high near $97.50 sitting directly behind it. The Relative Strength Index, a momentum gauge scored from 0 to 100, has recovered into the 60-65 range, which points to strengthening buying pressure without flagging overbought extremes. Readings in that zone leave room to run before momentum becomes stretched. What gives the setup its weight is the shape of the recovery. The $75-$77 trough printed above the lows that preceded the September peak, and that higher low is the pattern technicians read as buyers taking control of the trend's structure. Each element of the sequence, the defended floor, the broken band, the recovered averages, has arrived in order. HYPE has also continued to outperform its recent consolidation range, reinforcing the case for further upside. The next test is explicit: sustained trading above $92.50-$95, followed by a challenge of $97.50, would put the psychological $100 milestone within reach. The trend case is built; what the chart still needs is the volume to confirm it.

The $95 Line and the Volume Test

Immediate resistance is clustered between $92.50 and $95, and directly above it sits the September high near $97.50. A sustained breakout through both would clear the way to $100, a round number that markets habitually treat as a momentum marker in its own right. Round numbers matter less as barriers than as focal points, places where orders cluster and where a clean break is easiest for the crowd to see. The downside map is just as defined. First support sits near $85-$87, and a second band of demand waits around $80-$82.50, with the $75-$77 zone behind it, the level whose defense created this recovery in the first place. So far price has respected each level on this map, which is what keeps the technical read usable. Above $85, the short-term picture stays pointed toward recovery. A rejection at $95 would invite short-term profit-taking, and that risk deserves specificity: when a token stalls at a watched resistance, resting sell orders, stop losses chief among the common order types, can convert one rejection candle into a deeper flush. The chart's structure tolerates that scenario without breaking. The broader bullish trend stays intact unless sellers force a decisive break of $80, which would invalidate the higher low and put the $75-$77 floor back in play. Confirmation has a defined shape too. Daily closes above resistance on sustained volume, rather than single-session spikes, are what the setup requires, and the technical structure remains constructive while that evidence is pending. A push through $100 would be new territory for the token's market cap and its chart alike. A failed test at $95 leaves the recovery intact but unresolved, with the burden of proof shifting back to buyers at $85.

A Rebound in a Mixed Tape

The same October 30 technical read shows how unusual HYPE's structure is right now. XRP trades near $1.29, still below its key moving averages and short of the $1.40 break a reversal needs. Cardano sits near $0.2015, under persistent bear market pressure as it approaches the $0.195-$0.20 support zone. Zcash, near $1,282, keeps its bullish structure only for as long as $1,200 holds. Against that backdrop, HYPE's run at $100 is the outlier. Volume-backed daily closes above $95 would confirm the rebound; a rejection hands the initiative back to sellers, who remain one decisive break of $80 away from undoing it. The contrast is what any crypto technical analysis framework looks for first: one market has reclaimed its averages on Friday, and the rest have not.