Can Hyperliquid (HYPE) Reach $100? XRP's Key Support Reached, Solana (SOL) Holds $100 Hostage: Crypto Market Review

After one of its strongest rallies in recent months, Hyperliquid is getting close to the psychological $100 target; however, the most recent technical structure indicates that another large wave of buying pressure will be necessary to reach triple digits. After momentarily reaching about $87, HYPE is currently trading at about $80.83.

Hyperliquid's temporary pause

The asset traded below $60 in mid-August before quickly rising more than 40% and setting a new local high, indicating the size of the move. The moving averages are the first point in the bullish argument. On the daily chart, HYPE trades comfortably above each of the major trend indicators. 

The 50-day and 100-day moving averages are at roughly $63.21 and $61.97, respectively, while the 20-day EMA has accelerated to about $71.67. At $54.66, the 200-day moving average is much lower. This structure demonstrates that HYPE is not opposing a more general bearish trend.

Rather, the main question is whether momentum can support an additional 24 percent increase from current prices to $100. The $85–$87 area is the first barrier. Selling pressure has already been applied to HYPE there, resulting in multiple upper wicks and delaying the most recent breakout.