High Liquidity Price Prediction: Can HYPE Hit New ATH After $38 Break?
Hyperliquid's price rose to a more than one-month high when it touched $38.08.
HYPE rose as trading activity picked up as open interest jumped above $1.56 billion.
Technical indicators on the daily chart suggest a continuation of the bullish trend.
The Hyperliquid token rose to a five-week high above $38 on Thursday, as renewed buying intensified its push to a new all-time high.
Although HYPE has retreated slightly from its highs at the time of writing, the token is still up 17% over the past week and about 48% year-to-date.
The price action saw a significant increase in trading activity, with 24-hour volume up 43% to $464 million.
The platform's native token gained a lot of attention as Bitcoin topped $70,000, while major altcoins approached key technical levels.
What causes HYPE to increase in value?
Bitcoin's rally above $70,000 following Wednesday's CPI data helped boost sentiment in the broader crypto market, even as geopolitical tensions continued to escalate.
The gains among the major altcoins were also encouraging for smaller tokens like HyperLiquid.
However, HYPE seems particularly well-placed for trouble as trade in the energy sector is intensifying amid an escalating US-Israeli conflict with Iran.
According to data from Coinglass, Hyperliquid's open interest rose from $1.18 billion to more than $1.56 billion, a 32 percent increase between March 6 and March 12, 2026.
Much of this activity was driven by traders entering the futures as oil prices rose. Crude briefly rose to $120 before pulling back.
Even after the withdrawal, the blockade of the Strait of Hormuz continues to disrupt a key international shipping route, with Iranian leaders saying the waterway should be closed at a cost of more than $100 million.
Bloomberg recently reported that trading activity on Hyperliquid has increased under these conditions, with futures volume reaching $2.2 billion in the past 24 hours.
At the same time, the platform's stablecoin market capitalization increased 3% to $4.76 billion.
High Liquidity Price: Is A New ATH Next?
HYPE is currently trading at its highest level since February 3, 2026.
A similar price zone was last tested in November 2025, when bullish momentum weakened and the signal failed to hold support.
A recent experiment raises the question of whether the hyperliquid can be set to a new all-time high pressure. If the current momentum continues, the bulls will continue to increase that milestone in the near future.
Meanwhile, crypto investor Arthur Hayes predicts a more aggressive outlook, suggesting that HYPE could rise to $150 by August 2026, driven by strong platform growth and token buying volatility.
Short-term technical view of HYPE price
On the daily chart, Hyperliquid has formed a golden cross, with the 50-day SMA moving above the 100-day SMA, a sign that typically indicates strengthening bullish momentum.
The signal has also broken out of an ascending triangle, a pattern usually associated with the continuation of an uptrend.
Meanwhile, the daily RSI remains above 66, suggesting strong buying momentum as it exits the sector before entering overbought territory.
At the same time, the MACD indicator shows a bullish cross with widening histogram bars, which reinforces the positive movement in the near term.
From a technical perspective, the first resistance is in the $38-$42 range, followed by a strong barrier around $48-$50.
A critical close above $38 could open the door to a move to these levels, with the top labor above $59 emerging as a target if momentum strengthens.
On the downside, if broader market weakness prompts a pullback, initial support is likely near $33.
A deeper correction could focus the 50-day SMA near $30 and the 100-day SMA near $28 into key interest zones.
