Hyperliquid price prediction: can HYPE hit a new ATH after $38 break?
The post Hyperliquid price prediction: can HYPE hit a new ATH after $38 break? appeared on BitcoinEthereumNews.com.
Hyperliquid price rose to its highest level in over a month as it touched $38.08. The HYPE is up amid increased trading activity as open interest jumps to over $1.56 billion. Technical indicators on the daily chart suggest a bullish continuation. The Hyperliquid token climbed to a five-week high above $38 on Thursday, as renewed buying momentum strengthened the bullish push toward a potential new all-time high. Although HYPE had pulled back slightly from its intraday peak at the time of writing, the token was still up 17% over the past week and about 48% year-to-date. The price move was accompanied by a sharp rise in trading activity, with 24-hour volume jumping 43% to more than $464 million. The platform’s native token gained traction as Bitcoin held near the $70,000 level, while major altcoins also approached key technical levels. What’s driving the HYPE price up? Bitcoin’s rally above $70,000 following Wednesday’s CPI data helped lift sentiment across the broader crypto market, even as geopolitical tensions continued to escalate. Gains among major altcoins also provided momentum for smaller tokens such as Hyperliquid. However, HYPE appears particularly well positioned for a potential breakout as trading activity in the energy sector intensifies amid the escalating U.S.–Israel conflict with Iran. Data from Coinglass shows that Hyperliquid’s open interest rose from $1.18 billion to more than $1.56 billion, marking a 32% increase between March 6 and March 12, 2026. Much of this activity has been driven by traders entering futures positions as oil prices surged. Crude briefly climbed toward $120 before pulling back. Even after the retreat, prices remain above $100, as the Strait of Hormuz blockade continues to disrupt a key global shipping route, with Iranian leaders insisting the waterway should remain closed. As Bloomberg recently reported, trading activity on Hyperliquid has surged under…
Filed under: News - @ March 12, 2026 4:24 pm