Hyperliquid is rapidly emerging as one of the standout performers in the current crypto cycle, drawing increasing attention from traders and analysts alike. With a solid technical foundation, surging Total Value Locked (TVL), and strong momentum that has already outpaced Bitcoin’s year-to-date gains, the native HYPE token is now being eyed for a potential surge toward $100. This article dives deep into the factors fueling this bullish outlook—from key support zones and on-chain metrics to broader market positioning—offering a comprehensive analysis of why Hyperliquid could be poised for a major breakout.
Technical Outlook: Strong Support and Bullish Structure
Hyperliquid's price action continues to reflect a healthy, ascending structure. According to market analysis by trader Draco, the $39.10 to $38.22 range has become a critical zone for potential accumulation. This level has repeatedly acted as a pivot point, reinforcing its significance as a strong support area backed by historical price reactions and minor Fibonacci retracement levels.
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As long as this zone holds during pullbacks, the bullish thesis remains intact. The next resistance lies between $41 and $42—a level that could serve as a springboard toward higher targets if cleared with conviction. Notably, the 4-hour chart structure has flipped bullish again, characterized by a series of higher lows that signal sustained buying interest.
Moreover, the broader technical framework shows resilience even amid altcoin-wide corrections. The $37.50–$38.00 range serves as a secondary defense line, offering additional downside protection. With these layered support zones in place, HYPE appears well-positioned to continue its upward trajectory without major structural breakdowns.
Hyperliquid TVL Jumps Into Top 10 DeFi Chains
One of the most compelling fundamentals behind Hyperliquid’s rise is its explosive growth in Total Value Locked (TVL). Data from DeFiLlama, shared by on-chain analyst TishaaWEB3, reveals that Hyperliquid’s TVL surged by 108% over the past month, reaching $1.46 billion. This milestone officially places Hyperliquid among the top 10 blockchain networks by TVL—a remarkable achievement for a platform still considered under-the-radar by mainstream investors.
This rapid capital inflow suggests growing confidence in Hyperliquid’s infrastructure, particularly its performance in derivatives trading and cross-margin efficiency. The sustained climb in locked value isn’t just speculative; it reflects real user adoption and trust in the protocol’s ability to deliver high-speed execution and low fees.
In today’s competitive DeFi landscape, where liquidity often precedes price movement, this surge could act as a leading indicator of future outperformance. If current trends continue, Hyperliquid may soon rival mid-tier Layer 1 blockchains in terms of capital efficiency and ecosystem depth.
Could HYPE Reach $100 This Cycle?
Analyst Kaleo has highlighted $100 as a plausible target for HYPE within this market cycle. Despite broader weakness across the altcoin market, Hyperliquid has remained resilient, pushing close to its all-time highs while many peers lag behind. The chart structure shows minimal resistance ahead, suggesting that once key psychological levels are breached, a parabolic move could follow.
Hyperliquid is now widely regarded as being in price discovery mode—a phase where traditional technical analysis gives way to narrative-driven momentum and institutional interest. The $30 and $40 levels, once resistance zones, have now flipped into robust support areas, reinforcing long-term holder confidence.
With tightening supply dynamics—evidenced by decreasing exchange reserves—and rising demand from both retail and institutional participants, the conditions are ripe for a significant breakout. While $100 may seem ambitious, it aligns with projected network valuation models based on current growth rates and user acquisition trends.
Outperforming Bitcoin: A Sign of Market Leadership
Perhaps the most striking data point is Hyperliquid’s year-to-date performance compared to Bitcoin. According to analyst Artemis, HYPE has gained 50.9% so far in 2025, significantly outpacing Bitcoin’s 13.5% return. This divergence underscores HYPE’s status as a cycle-leading asset, driven not just by speculation but by tangible product-market fit and ecosystem expansion.
At current price levels near $36–$40, analyst Kevin Ihr views HYPE as a fundamentally sound investment rather than mere momentum play. Strong inflows, clean technicals, and growing institutional visibility suggest that this rally is rooted in more than hype—it reflects real utility adoption within decentralized finance.
Frequently Asked Questions (FAQ)
Q: What is driving Hyperliquid’s price increase?
A: A combination of rising Total Value Locked (TVL), strong technical support, increasing adoption in DeFi derivatives, and positive market sentiment is fueling HYPE’s upward momentum.
Q: Is $100 a realistic price target for HYPE?
A: While ambitious, $100 is considered achievable within this market cycle if current trends in TVL growth, user engagement, and price structure persist.
Q: How does Hyperliquid compare to other DeFi platforms?
A: Hyperliquid stands out due to its high-performance trading engine, low-latency execution, and growing ecosystem—factors that have helped it break into the top 10 DeFi chains by TVL.
Q: What are the key support levels for HYPE?
A: The primary support zone lies between $38.22 and $39.10, with secondary support around $37.50–$38.00. These levels have proven resilient during recent pullbacks.
Q: Can Hyperliquid sustain its momentum long-term?
A: Yes, provided it continues innovating, maintaining security, and attracting liquidity. Its current trajectory suggests strong potential for sustained growth.
Renewed Momentum Signals Next Leg Up
Recent price action indicates that bullish momentum is returning. Following a brief dip, HYPE stabilized within a tight consolidation range just below local highs. On the 3-hour chart, RSI (Relative Strength Index) has begun curling upward—a sign of accumulating strength beneath the surface.
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The $36–$40 range has evolved into a solid base, with former resistance now acting as support. With RSI holding above the 50 midpoint and volume showing signs of resurgence, the stage is set for another leg higher—potentially breaking through previous all-time highs and setting sights on the $100 target.
Final Thoughts: A Leading Contender in the 2025 Bull Run
Hyperliquid is no longer flying under the radar. With consistent outperformance against major benchmarks like Bitcoin, strong technicals, and fundamental growth reflected in its TVL surge, HYPE has earned its place among the top-tier altcoins of this cycle.
The path to $100 is supported by clear on-chain metrics, growing ecosystem activity, and increasing trader confidence. As liquidity continues to flow into innovative DeFi protocols like Hyperliquid, early adopters stand to benefit significantly from what could be one of the most explosive moves of the year.
Whether you're watching from a technical, fundamental, or macro perspective, Hyperliquid presents a compelling case for continued upside.
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