Hyperliquid Rally Continues With $80 Target Back in Focus

Hyperliquid continues to trade near record highs on Friday after a powerful five-day rally pushed price action to a new all-time high of $62.58. Despite a minor pullback at press time, market sentiment remains heavily bullish as futures activity and Real World Asset (RWA) trading volumes surge across the ecosystem.

The token’s futures Open Interest (OI) climbed to a record $2.75 billion, up sharply from $1.56 billion earlier this month, according to CoinGlass data. The sharp increase suggests rising leveraged participation and growing expectations for continued upside momentum. Meanwhile, funding rates remain positive, signaling that buyers are still dominating the market despite signs of slight cooling after Thursday’s peak.

Hyperliquid’s expanding RWA market also reached a new milestone, with $2.6 billion in OI, highlighting increasing adoption and growing market share within decentralized finance.

From a technical perspective, HYPEUSDT remains firmly bullish on the 4-hour timeframe after breaking out from the $48–50 consolidation range. Momentum indicators continue to support trend continuation, with MACD showing strong bullish expansion as price trades comfortably above key support zones at $50.85, $46.98, and $44.01.

As long as HYPE holds above the $56–57 region, the broader uptrend structure remains intact. A confirmed daily close above $60 could trigger another breakout phase toward the $64–68 resistance area, while a stronger continuation may eventually expose the psychological $80 target. Short-term consolidation, however, remains possible following the recent vertical rally.

#HYPEOutperformsAgain

$HYPE ‌