The move follows several sessions of consolidation above $88–$90, while technical indicators continue to show an upward trend. However, short-term momentum has also become stretched, leaving the $92–$93 area important for determining whether the Hyperliquid price can sustain its advance.
Hyperliquid Price Holds Above Key Support
HYPE was trading around $93.09 on October 5, up roughly 3.3% over the previous session, with the daily range extending from approximately $89.63 to $93.73. Investing.com data places the token’s 52-week range between $20.51 and $97.98, with the latter representing a recent peak.
The bullish structure points to a potential Point C target zone between $98 and $100.80. Source: SmellyTaz on TradingView
The latest move has brought Hyperliquid back toward the upper end of its recent trading range. Historical data shows the token climbed to $97.98 on September 23 before retreating and spending much of the following period between the high-$80s and mid-$90s.
That consolidation is important because the current price remains above the $90 area that has repeatedly acted as short-term support. A sustained hold above $92 would preserve the recent higher-low structure, while a deeper move below $90 could signal that the latest recovery is losing momentum.
TradingView contributor SmellyTaz describes the current setup as a bullish sequence following a reaction from the $80–$84 demand area. The analysis identifies $90.914 as a key structural pivot and argues that price acceptance above that level keeps the broader sequence intact.
Bullish Structure Points Toward $100
The technical setup becomes more constructive if HYPE continues to hold above the $90.914 pivot. SmellyTaz identifies the $92.50–$94.00 area as the first upside zone, followed by a projected Point C region between $98.00 and $100.80.
The analysis characterizes the move as a continuation of a sequence that began after Hyperliquid found demand between $80 and $84. A subsequent pullback around $86.50 was viewed as a correction rather than a structural reversal.
HYPE is consolidating around $90, with a break above $91.95–$92 potentially opening the way toward $97.80, $100, and $110. Source: RLinda on TradingView
RLinda’s TradingView analysis reaches a similar conclusion but uses a different set of levels. The trader identifies $91.80–$92.00 as the key breakout area and places subsequent resistance around $97.80, followed by $100 and potentially $110.
RLinda wrote that “the correction is over” while highlighting $91.95–$92.00 as the trigger for further upside. The analysis also points to Bitcoin’s strength as a supportive factor for the broader altcoin market.
These targets remain technical scenarios rather than forecasts of where Hyperliquid must trade. The first test is whether buyers can establish acceptance above the $93–$94 region. A move through that area would bring the previous high near $98 into view.
HYPE Technical Indicators Remain Positive
Daily technical readings provide additional evidence of a strong trend. Investing.com currently shows a strong-buy consensus, with nine technical indicators producing buy signals and none registering a sell signal.
The Relative Strength Index stands at 68.50, keeping it below the conventional 70 threshold associated with overbought conditions. The MACD also remains positive, while an ADX reading of 57.53 points to a strong underlying trend.
Hyperliquid (HYPE) price chart. Source: Brave New Coin
Momentum is not uniformly relaxed, however. The Stochastic %K reading is above 80, and Williams %R is also in an overbought zone. Those readings do not necessarily indicate an immediate reversal, but they show that Hyperliquid has advanced far enough for consolidation or a short-term pullback to remain possible.
Moving averages offer a similar picture. The 10-, 20-, 50-, 100-, and 200-period averages are positioned below the current price, indicating that the broader daily trend remains positive. The 5-period simple moving average is the main exception, reflecting the token’s latest short-term fluctuation.
Classic pivot levels put the central point around $93.32, with resistance at approximately $93.79, $94.08, and $94.56. On the downside, support levels sit near $93.03, $92.55, and $92.26.
This makes the $92.50–$94.00 region a particularly important near-term zone. A sustained break above $94 could improve the technical setup toward $98, while a failure below roughly $92.50 would increase the probability of a retest of $90 and potentially $88.
Hyperliquid Fundamentals Add Context
The HYPE price structure is also tied to the expanding utility of the Hyperliquid network. HYPE is the native asset of the Hyperliquid Layer-1 and is used for staking, network security, governance, and transactions on HyperEVM. Hyperliquid’s documentation states that HYPE can be delegated to validators, with staking helping secure the network through its delegated proof-of-stake system.
HYPE staking also has a direct connection with trading activity. Hyperliquid’s fee documentation shows that staking can provide trading-fee discounts, with larger staking balances qualifying for higher discount tiers. The protocol also directs trading fees toward community mechanisms, including the Assistance Fund.
Recent market data shows that HYPE’s market capitalization was around $20.1 billion on October 5, while daily trading volume remained substantial. CoinGecko recorded roughly $456.9 million in 24-hour volume at the time of its latest October 5 update.
Those fundamentals do not determine the next price move by themselves, but they provide context for why HYPE remains one of the more closely watched assets in the decentralized derivatives sector.
HYPE Price Prediction: $100 Remains in Focus
The technical picture currently favors continuation as long as HYPE maintains the $92–$93 support region and remains above the $90.914 structural pivot identified in the TradingView analysis.
A move above $94 would place the recent $97.98 high within reach. Clearing that level would leave the psychological $100 mark as the next obvious resistance, with the technical projections extending toward approximately $100.80.
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HYPE bulls are using prolonged sideways consolidation to weaken bearish momentum and position the token for a potential breakout. Source: @Alaouicapital via X
The alternative scenario is a loss of momentum below $92.50. Such a move could expose the $90 support zone, followed by the $88 area highlighted in the TradingView setup.
For now, HYPE remains positioned close to its recent highs rather than in an established breakout. The next directional signal is therefore likely to come from how price behaves around $92–$94. A decisive move through resistance would strengthen the case for a retest of $98 and potentially $100, while failure to hold support would keep HYPE within its broader consolidation range.
