- Hyperliquid (HYPE) reached a new all-time high of $55.64 today, securing a 20% weekly gain amid broader crypto market strength.
- HYPE broke out of an ascending triangle pattern by pushing above the $50 resistance level that had been capping its price.
- The next technical target for HYPE is $64.23, representing a potential 16% gain from current levels around $54.88.
- A successful retest of the $50 breakout zone as support would validate the bullish setup, while failure could lead to a deeper pullback.
Date: Wed, Sept 10, 2025 | 12:34 PM GMT
The cryptocurrency market is showing strength after Ethereum (ETH) held firm around $4,350 following its pullback from the $4,953 high. Riding this momentum, several altcoins are displaying bullish signals — with Hyperliquid (HYPE) standing out among the leaders.
HYPE extended its rally today, printing a new all-time high of $55.64 and securing a 20% weekly jump. More importantly, its chart now confirms a breakout that could pave the way for further upside.
Ascending Triangle Breakout in Focus
On the daily chart, HYPE had been consolidating inside an ascending triangle pattern, marked by a series of higher lows while facing a flat resistance around $50.
Today, bulls decisively pushed HYPE above this key barrier, triggering a breakout that carried the price to its fresh all-time high of $55.64. The move underscores growing bullish momentum and confirms a clear shift in sentiment in favor of buyers.
What’s Next for HYPE?
From the current level near $54.88, HYPE could attempt a retest of the breakout zone around $50 to validate it as new support. If the retest holds, the next technical target points toward $64.23, representing a potential 16% gain from current levels.
However, if HYPE fails to sustain above its breakout zone, the bullish setup would be invalidated, raising the risk of a deeper pullback.
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