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Hyperliquid target price of $100, giant whale transfers $10.7 million from Coinbase HYPE

2026-08-09 12:22:57
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Hyperliquid (HYPE) approaches key resistance level, market attention has increased significantly

As token prices approach key resistance level, Hyperliquid (HYPE) has attracted a lot of attention from traders. Behind the recent increase in momentum is strong growth in the ecosystem and significant on-chain activity-including a large withdrawal of whale funds from Coinbase, which injects optimism into potential breakthroughs.

Key Technical Levels and Trader Sentiment

Traders are increasingly concerned about HYPE's price movements near the US$65 resistance level, viewing it as a key node in confirming broader bullish trends. Cryptography analyst Zoe pointed out that the current price area may be a fundraising range, and emphasized that HYPE had previously quickly pulled up after holding steady at similar support levels, setting a record high.

Investor optimism is building as buyers try to build stronger momentum near key technology levels. Many market participants are closely watching continued buying pressure and whether HYPE can clearly break through $65-which will strengthen its bullish pattern. If this resistance level is successfully exceeded, it may open the channel for the market's expected US$100 target; otherwise, it may trigger a correction trend. Against the background of previous bullish reversals, the importance of market monitoring and effective tools has become increasingly prominent.

CryptoAppsy eliminates the cumbersome registration process and integrates cryptocurrency investment, real-time prices, detailed charts and multi-currency portfolio management into a single interface. This one-stop assistant can help traders set up smart price reminders, filter specific token news, obtain information on new online altcoins, and also provide key data such as the Federal Reserve interest rate to help users seize market opportunities.

Whale Activity and Exchange Money Flows

Onchain Lens reported that about an hour ago, a newly created wallet withdrew 197,360 HYPE tokens, worth approximately $10.69 million, from Coinbase. The size and timing of the transfer have attracted the attention of traders, who are assessing whether it heralds a larger wave of fundraising or another strategic move.

Such large-scale withdrawals usually reduce the immediately available liquidity on exchanges and are often interpreted as a signal of long-term holding or "whale" withdrawal. However, market observers point out that a single on-chain transfer does not provide certainty about future price movements, as these tokens may be sold, transferred to DeFi protocols, or deposited in cold wallets.

Traders view the US$65 resistance level as a key point. If the price clearly breaks through this level, especially in the context of continued whale funding and continuous strengthening of the network, it may reignite bullish momentum and is expected to push HYPE towards $100.

Market Outlook and Fundamental Analysis

As of the latest data, HYPE's price was US$54.92, with a 24-hour trading volume of US$196.43 million, and a market value of US$13.88 billion. Over the past day, the price of the token has been relatively stable, and its structure and whale activity have shown potential for bullish reversals.

In addition to technical indicators, Hyperliquid's ecosystem fundamentals remain solid. The platform has strong profitability, continues to operate at a high level, and steadily promotes token repurchase. If these trends continue, the $100 price target will be easier to achieve.

Despite positive forecasts and whale activity signals, HYPE's current price trend is still basically neutral. The broader market environment is gradually improving. If prices clearly exceed US$65 with volume enlargement, it will strengthen market participants 'bullish expectations.

If online profits, trading activity and repurchase efforts remain at current levels, and the price reaches a decisive breakthrough of US$65, HYPE's path to US$100 may be within reach.

Disclaimer:

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