HYPE Hits $83.50 ATH, Eyes $85 as $1.2B Unlock Approaches Aug. 29

Hyperliquid's native token, HYPE, surged to a new all-time high near $83.50 on August 26 and is now targeting the $85 resistance level.

The token pulled back 0.92 percent to $81.04 in the past 24 hours on profit-taking after an extended rally. The Relative Strength Index hit 75.6, confirming overbought conditions that typically precede consolidation.

HYPE has rallied 45 percent from its August low. Twenty-four-hour trading volume reached $1.04 billion, showing real participation behind the move.

Bitcoin dominance climbed to 59.61 percent, pulling capital out of altcoins. The timing compounds pressure on HYPE ahead of a significant unlock.

A token unlock scheduled for August 29 will release 14.18 million HYPE—valued at approximately $1.2 billion. Nearly 47 percent of this supply is designated for insiders, creating real distribution risk at current levels.

Key support sits at $75–$77. Holding this zone keeps the rally intact and opens a path to $85 and beyond. A break below $75 sends HYPE into the $67–$70 area as new supply hits the market.

The near-term setup is straightforward: can institutional accumulation absorb insider selling after August 29, or does the unlock trigger a deeper correction? Price action around $75–$77 will answer that question.

Hyperliquid's native token, HYPE, surged to a new all-time high near $83.50 on August 26 and is now targeting the $85 resistance level.

HYPE has rallied 45 percent from its August low. Twenty-four-hour trading volume reached $1.04 billion, showing real participation behind the move.

Bitcoin dominance climbed to 59.61 percent, pulling capital out of altcoins. The timing compounds pressure on HYPE ahead of a significant unlock.

Key support sits at $75–$77. Holding this zone keeps the rally intact and opens a path to $85 and beyond. A break below $75 sends HYPE into the $67–$70 area as new supply hits the market.