Hyperliquid (HYPE) Price Prediction: On-Chain Momentum Points to New All-Time Highs

Hyperliquid is gaining serious momentum, leading weekly returns and signaling a potential breakout as buybacks and on-chain strength fuel bullish sentiment.

HYPE is quickly becoming one of the most talked-about tokens in crypto, and for good reason. Market participants now believe Hyperliquid may be on the edge of a major breakout, possibly setting up a 25–30% rally in the near term.

Hyperliquid’s current price is $40.12, down -3.56% in the last 24 hours. Source: Brave New Coin

Hyperliquid Tops Weekly Returns

Grayscale’s latest snapshot of the top 10 crypto assets by weekly returns puts Hyperliquid firmly in the spotlight. With a +20.4% gain over the last 7 days, it outperformed every other major token, including Ethereum, Solana, and Bitcoin. Grayscale’s data shows, HYPE has climbed a staggering +70.1% in 2025 so far, clear separation from the rest of the market.

Hyperliquid’s HYPE leads all major tokens with a 20.4% weekly gain and 70.1% YTD surge. Source: Grayscale via X

Nearly $4M HYPE in Buybacks

Just a day after Grayscale’s weekly performance chart, Hyperliquid followed up with another headline: nearly $4 million in $HYPE buybacks in a single day. Shared by analyst Tobias Reisner, the data shows a sharp uptick in Hyperliquid’s on-chain buyback activity, driven by the protocol’s Assistance Fund.

Hyperliquid executes nearly $4 million in single-day buybacks, signaling strong on-chain support. Source: Tobias Reisner via X

HYPE is already up +70.1% YTD and topped the weekly gains leaderboard. Now, with daily buybacks nearing multi-million-dollar territory, it’s clear this isn’t just a one-off event. If such developments continue, it will put upside pressure on the HYPE Hyperliquid price.

HYPE Stays Structurally Strong

While the broader market took a hit, HYPE barely took the damage. As noted by Byzantine General, the token held firm despite a wave of downside across major assets. Price action stayed tight in the upper range, and notably, both open interest and spot volume remained elevated without signs of forced liquidations or funding spikes. That’s usually a sign of organic buying and conviction.

HYPE holds firm amid market weakness, with strong volume and rising open interest hinting at continued bullish momentum. Source: Byzantine General via X

Zooming in on the chart, HYPE continues to print higher lows and maintain steady volume support near the $38–$40 band. Aggregated OI is climbing while funding stays neutral, suggesting that smart money is still building exposure. If momentum continues and key levels hold, the next upside target could stretch toward the $47 to $50 range.

HYPE in a Parallel Channel While Eyeing Breakout vs BTC

HYPE’s momentum doesn’t seem to be slowing down. Crypto analyst, hyde6000, shows HYPE is tracking cleanly within a parallel ascending channel on the high timeframe when paired against Bitcoin. HYPE hyperliquid price has reclaimed the prior range high and is now consolidating just above it, creating a potential launchpad for the next leg up.

HYPE tracks within an ascending channel vs BTC, eyeing a breakout. Source: hyde6000 via X

If HYPE continues to ride the midline of the channel and respects the lower bound as support, it’s likely to remain strong and maintain a strong rhythm, suggesting a breakout to new all-time highs.

Final Thoughts

Hyperliquidis is putting up big fundamental numbers. While most projects are stuck in survival mode during market dips, HYPE is buying back millions, holding key levels, and showing real strength. The combination of steady demand, smart buybacks, and structural support is creating a favorable condition for a bullish price prediction.