Hyperliquid ATH Nears After Arthur Hayes' Altseason Prediction

Hyperliquid Price Rally Hint New ATH: Arthur Hayes Predicts Altseason

Why is Hyperliquid suddenly back in the spotlight, and what makes Arthur Hayes so confident in its long-term potential? The crypto market is buzzing again as Perp DEXs fight for dominance—and HYPE token is once more showing signs of a major comeback.

In a recent interview, Arthur Hayes shared an unexpectedly bold view: the rise from a few dollars to nearly $60 was “a mini altseason on its own.” Yet he also warned that no other project has matched its explosive run—at least not yet.

Source: X

Perp DEX Race Intensifies as Hyperliquid Holds Key Levels

Hayes believes the next 3–5 years will dramatically shift trading volume away from centralized exchanges and into Perp DEXs. He said emerging platforms can take market share from Hyperliquid—but only if they execute token mechanics like issuance and buybacks with precision.

For now, Hyperliquid still holds a powerful position. In the last 24 hours alone, HYPE price surged over 10%, trading at $34.44 with a market cap of $11.59 billion.

Source: CoinMarketCap

The token’s journey has been nothing short of remarkable:

• Started at: $3

• All-Time High: $59.39 (September 2025)

• All-Time Low: $3.20

Hyperliquid currently ranks #11 on CoinMarketCap, needing $4.26B more to surpass Cardano’s (ADA) $15.85B market cap and enter the top 10 digital assets globally. Hayes admits he personally wants Hyperliquid to remain the leader, but the race is far from decided.

HYPE Token Shows Strong Double-Bottom Reversal Potential

Technical signals now suggest the next major move could be bullish. According to TradingView, HYPE is sitting directly above the key support at $29.27, a level bears have repeatedly failed to break. This has formed a classic double-bottom pattern, often a precursor to a strong upward reversal.

Source: TradingView

Key indicators include:

• RSI recovering from oversold levels

• Strong rejection wicks at support showing buyer dominance

• Accumulation pressure increasing despite market volatility

If HYPE closes above the $37–$38 resistance band, analysts expect a clean breakout toward $45–$48. Clearing that zone opens the path to retesting the $59.39 ATH. With bullish momentum returning, a new cycle high in the $62–$68 range becomes a realistic next target—as long as $29 support holds.

Conclusion

Hyperliquid’s return to strength, Arthur Hayes’ endorsement, and a textbook double-bottom pattern have set the stage for a potentially explosive breakout. With rising interest in Perp DEXs and HYPE reclaiming momentum, the token now stands closer than ever to retesting—and possibly surpassing—its all-time high.

Disclaimer: This is for educational purposes only. Always do your own research before any crypto investment.