Hyperliquid (HYPE) climbed to an all-time high of $84.80 on Thursday, its second record in seven days. The altcoin trades near $84.07, up nearly 4% today, with its market cap nearing $19 billion.

The rally cleared the old $77 ceiling last week and has since held that level as support. Weekly and daily charts now point to $92 as the next resistance band.

Buybacks and a Regulatory Nod Fuel the Rally

Hyperliquid activated its AQAv2 reserve yield program on August 26. Roughly 90% of the cost-adjusted yield on $6.74 billion in USDC deposits now funds HYPE buybacks.

Under a 3% yield scenario, that adds about $182 million a year. The figure represents an 18% lift on current revenue of roughly $2.76 million per day. First distributions land Oct. 3.

Regulation supplied the second leg. President Donald Trump said on Aug. 20 that Hyperliquid could be available in the US soon, with the CFTC already working on a compliant pathway.

On Wall Street, spot HYPE exchange-traded funds have meanwhile logged renewed inflows, and the token leads its top 10 peers this month.

Weekly Chart Confirms the $77 Breakout

The weekly candle that broke $77 gained roughly 40%. This week HYPE dipped to $76.75, retested the old record, then reversed higher.

Before that move, the price bounced off an ascending trendline three times. The third touch in early August landed on the 0.618 Fibonacci level at $55.41.

Weekly RSI has reclaimed 70. A similar reading in mid-May preceded a rally of about 100% into the previous record. A repeat would target the 1.618 Fibonacci extension at $111.93. Volume, however, remains well below January levels.

HYPE Price Prediction After the All-Time High

The daily chart flipped to a bullish Supertrend on Aug. 19. That signal holds while HYPE stays above $68.

Volume expanded during the breakout between Aug. 21 and Aug. 25. Volatility reached 100% for several days after sitting at 0% on Aug. 12, and has since cooled to about 40%.

The 1.272 Fibonacci extension at $92.37 is the next target, roughly 10% above the spot price. The nearest risk is Hyperliquid’s $1.2 billion token unlock on August 29, with another due a month later.

Altcoin traders should watch $68 as the make-or-break price point for HYPE. A daily close below this level would end the bullish structure.

Source: BeInCrypto