Hyperliquid Token Soars to New ATH, Market Cheers ‘All Time HYPE’

Core Insights - Hyperliquid's native token HYPE reached an all-time high of $59.29 on September 18, with a current price around $58.68, resulting in a market cap increase of $1.25 billion in one day [1] - HYPE has gained 6% in price over the past week, with a 50% surge in 24-hour trading volume, now at approximately $467 million [1] - An aggressive trader holds a 3x leveraged long position worth $30.3 million in HYPE, indicating strong buying pressure [2] - Hyperliquid is gaining popularity, handling trading volume around 14% of Binance's, with notable endorsements from market figures like Arthur Hayes [3] - The platform has launched its own regulated stablecoin, USDH, on the HyperEVM network [4] Price Momentum Analysis - The daily HYPE price chart shows the RSI near the overbought threshold, indicating strong bullish momentum but potential for a short-term pullback [5] - Immediate resistance is observed around the psychological barrier of $60, with a decisive break above this level targeting new highs around $65 and beyond [5] - Support levels are identified near $52 and a deeper base around the mid-$40 zone in case of buyer exhaustion [6] - A crypto analyst suggests that HYPE's current price setup is promising, with potential for a five- to ten-fold increase, possibly reaching above $250 [6]