Hyperliquid (HYPE) has regained bullish momentum after successfully retesting the $75 support level, with renewed buying interest pushing the token toward $96.13. Token burns continue, including $3.76 million in HYPE removed on September 22, while monthly active addresses reached an all-time high of 291,900. Network throughput has also risen to nearly 19,000 TPS. Traders are watching whether HYPE can hold above $95–$100 and target $120, $140, and $160.
Hyperliquid (HYPE) rebounded after retesting the $75 level. According to crypto analyst Einstein, HYPE bounced off the expected pattern and moved toward $96.13 from the retest level, a gain of about 27%.
The $75 level became important after HYPE’s previous corrective move. The successful test shows buyers are willing to defend that area.
After the bounce, Einstein identified possible upside targets at $120, $140, and $160. To reach the first target, HYPE would need to hold gains despite selling near $100.
On September 22, according to on-chain data from Onchain Lens, Hyperliquid bought back and burnt 39,980 HYPE tokens at an average value of $94.18 per token, amounting to $3.76 million. The total number of burned tokens is now about 48.84 million HYPE, representing 4.88% of the maximum supply, with a total value around $4.64 billion. Protocol revenue is about $1.27 billion.
Network activity also increased. According to crypto analyst Crypto Patel, monthly active addresses hit an all-time high of 291,900.
Hyperliquid’s throughput has approached about 19,000 transactions per second, according to data from Hyperliquid Daily. The network has sustained roughly 8,000–10,000 TPS during much of the observation period.
Rising user engagement and throughput strengthen the network’s ecosystem narrative. But growing addresses do not necessarily mean continued price growth.
Traders are watching whether HYPE can consolidate in the $95–$100 range and push toward $120, $140, and $160. Selling pressure could still cause a pullback to $75.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always do your own research. Not financial advice.
