- Hyperliquid (HYPE) trades above $44 after hitting a new all-time high.
- A rally of over 11% in the last 24 hours has bulls in control as open interest also reaches a new ATH.
- The technical picture suggests a possible breakout above $50, but can bulls go for $100 in coming days?
Hyperliquid (HYPE) price jumped to a new all-time high above $44.76 on June 16, 2025, allowing buyers to push into price discovery mode.
The gains for HYPE came amid an 11% surge in 24 hours and over 25% rally in the past week.
With Hyperliquid trending as one of the top coins in the market, open interest is rising and a bullish setup suggests a spike above $50 is possible.
An innovative DeFiLlama infrastructure and aggressive token buyback are some of the bullish catalysts for Hyperliquid.
HYPE price soars to new all-time high
As of writing, the native token of this layer 1 blockchain for decentralized finance (DeFi), hovers around $44.36. However, as per CoinMarketCap, HYPE price surged to an all-time high of $44.76 in early trading on Monday.
The upside coincides with a sharp spike in total value locked (TVL), which currently exceeds $2.24 billion.
DeFiLlama data shows Hyperliquid TVL has increased nearly 7% in the past 24 hours. On June 11,2025, the Hyperliquid TVL stood around $1.7 billion.
The project’s growing ecosystem, with a crucial stablecoin architecture and thriving developer community, adds to the bullish outlook.
As HYPE price hit its new ATH above $44.7, a whale with a long position of 4x leverage increased their profits. OnChain Lens noted the whale’s floating profit hovered at over $13.7 million at the time.
Just In: $HYPE hits a new ATH, surpassing $44.4.
The whale holding a $HYPE long position with 4x leverage now enjoys a floating profit of over $13.7M.https://t.co/MFqAOlP7BF pic.twitter.com/znnq9zZ79S
— Onchain Lens (@OnchainLens) June 16, 2025
Hyperliquid price prediction: Is $100 next?
Open interest, huge trading volume and increased institutional interest are all factors that see HYPE’s price hover at its all-time highs.
Coinglass data shows derivatives volume for HYPE has jumped 29% to over $1.8 billion.
Meanwhile, OI is above $2 billion with a more than 15% spike. This optimism about Hyperliquid’s price potential also aligns with signals from key technical indicators.
On the daily chart, the 14-day Relative Strength Index (RSI) stands at 69. This means a market that’s not overbought yet. In this scenario, buyers have room for fresh gains.
Also backing this outlook is the Moving Average Convergence Divergence (MACD), which offers a bullish momentum as MACD line trends above the signal line.
In a bullish case, the short-term picture is for a decisive spike above $50 and potential run to the psychological $100 mark.
Notably, HYPE could rally much higher in 2025 amid further adoption of its decentralized applications and attractive financial incentives.
On the flipside, profit taking could force bulls to defend the $40 and $32 price levels.
