Decentralized perpetual contracts trading platform Hyperliquid’s native HYPE token is eyeing fresh all-time highs (ATHs) as it recently turned its previous ATH value of around $60 into a support level.
HYPE mirroring BNB’s pattern
In an X post on Monday, crypto analyst Aylo highlighted that despite the recent crypto market downturn that saw Bitcoin (BTC) hit a local low of $59,000, HYPE token has more or less recovered all of its losses.
The analyst shared the following chart, saying that HYPE has turned its previous ATH into a new support level after multiple re-tests. He remarked that it’s important to analyze HYPE’s higher time-frame (HTF) price action over lower time-frame (LTF) moves. Aylo stated:
“LTF noise is full of foolish leveraged traders, who in the years to come will be devastated that they fumbled Hyperliquid. If you are pattern matching other memecoins with zero flows and expecting the PA to match a project with ETF demand and 99 percent of revenue perpetually being used for buybacks then you are not gonna make it.”
To explain, in trading, HTFs are more reliable because they aggregate more data. As a result, they produce stronger, more structurally reliable support, resistance, and trend signals.
Aylo added that HYPE’s current price action is very reminiscent of early Binance’s BNB token price action. The following BNB monthly chart shows 2 instances where the token turned its previous ATH into a new support zone before seeing a fresh parabolic rally.
The first instance was back in January 2021, when the token skyrocketed from around $40 to as high as $654, within a span of 5 months. The second time this happened was between June 2025 to October 2025, where the token jumped almost 130 percent, from $596 to $1,372.
Is HYPE targeting $100 by year end?
HYPE is one of the few digital assets in 2026 that have defied the wider bearish trend in the market. On a year-to-date basis, HYPE is up 164 percent, far more than what BTC or Ethereum have offered in the same duration.
Crypto trader Altcoin Sherpa shared commentary on HYPE’s recent price action, saying that if the token consolidates within the current price range, then it is likely to eye the $100 price target.
In contrast, seasoned crypto analyst Ali Martinez cautioned that on the 4-hour chart, HYPE appears to be forming the right shoulder of a bearish head and shoulder pattern. Martinez added that if HYPE falls below $54, then the bearish pattern would be confirmed.
HYPE is seeing increasing interest from institutional investors, evident from the launch of the new spot HYPE exchange-traded fund (ETF). That said, Hyperliquid is also expected to face stiff challenges from competitors such as Solayer-based Margin Trade.
