Hyperliquid (HYPE) has established a significant milestone by reaching a new all-time high (ATH) of $50.
With strong technical momentum and a prominent growth story, HYPE is now poised for a breakout to the $55–$73 level in the short term.
From 'DEX' to notable organizational assets
According to data from Bitcoin Magazine, HYPE recorded a new ATH of approximately $50.99 before a slight correction. This development not only marks an important psychological threshold but also reflects the expansion of market capitalization and liquidity within the ecosystem.
HYPE's new ATH comes amid BitGo announcing custody support for HyperEVM/HYPE for institutional clients. Providing a standardized custody channel, self-custody options, along with robust wallet infrastructure will facilitate institutional capital's entry into the market.
From a technical perspective, the $50–$51 area is currently seen as a clear resistance level, coinciding with the new ATH. If this area turns into support, the bullish trend structure will receive a second confirmation.
Some technical analysts indicate that the current breakout could extend to $55, aligning with the nearest movement target after surpassing the short-term consolidation phase.
On larger time frames, momentum signals suggest HYPE has the potential to reach Fibonacci extension levels of 1.618 and 2.618, corresponding to approximately $58 and $73, respectively. This growth depends on maintaining upward momentum and not showing any bearish divergence.
“HYPE is very close to breaking resistance, and based on current momentum, the likelihood of resistance being broken is very high,” Kurnia Bijaksana said.
Fundamentally, Hyperliquid's performance over the past months has been impressive. As reported, the revenue per employee ratio of the project surpasses both Apple and Tether, indicating resource utilization efficiency and potential profit margins of the on-chain order book model.
Last July was also the month that recorded record activity for the ecosystem. If the current momentum and deflationary mechanism are maintained, Hyperliquid could witness a boom in the future.
Can HYPE increase 126 times in 3 years?
With these developments, many experts believe that HYPE could be the next hidden gem in the market. Arthur Hayes, co-founder of BitMEX, recently expressed optimism, predicting that HYPE could increase 126 times in the next three years.
This bold prediction is based on the growth potential of the stablecoin segment and revenue from fees within the Hyperliquid ecosystem.
Although this may seem ambitious, it reflects the broader view that Hyperliquid could benefit from network effects as the market share of perpetual contracts on-chain expands. Data from Dune shows that Hyperliquid is currently leading among DEXs with total weekly trading volume exceeding $35.8 billion.
However, investors need to set realistic expectations. The targets of $55–$73 can only be achieved if the $50 level holds firm as a new support, breakout volume is maintained, and no clear distribution pressure appears on the daily chart.