Hyperliquid reaches $84.80 all-time high as $92 resistance emerges

Hyperliquid (HYPE) reached an all-time high of $84.80 on Thursday. It was HYPE's second record in seven days. HYPE trades near $84.07 after rising nearly 4% today. Its market cap is nearing $19 billion. HYPE broke above the previous $77 ceiling last week. The token has since held $77 as support. Weekly and daily charts identify $92 as the next resistance area. Hyperliquid activated its AQAv2 reserve yield program on August 26. About 90% of the cost-adjusted yield on $6.74 billion in USDC deposits now funds HYPE buybacks. A 3% yield scenario would add about $182 million annually. That amount equals an 18% increase over current revenue of roughly $2.76 million per day. The first distributions are scheduled for Oct. 3. President Donald Trump said on Aug. 20 that Hyperliquid could become available in the US soon. The CFTC is working on a compliant pathway. Spot HYPE exchange-traded funds have recorded renewed inflows. HYPE leads its top 10 peers this month. The weekly candle that broke above $77 gained roughly 40%. HYPE then fell to $76.75 this week before reversing higher. The token had previously bounced three times from an ascending trendline. The third bounce occurred in early August at the 0.618 Fibonacci level of $55.41. Weekly RSI has moved back above 70. A similar reading in mid-May preceded a rally of about 100% into the previous record. A similar move would target the 1.618 Fibonacci extension at $111.93. Volume remains well below January levels. The daily chart turned bullish on the Supertrend indicator on Aug. 19. That signal remains valid while HYPE stays above $68. Volume expanded during the breakout between Aug. 21 and Aug. 25. Volatility reached 100% for several days after sitting at 0% on Aug. 12. Volatility has since fallen to about 40%. The 1.272 Fibonacci extension at $92.37 is the next target. That level is roughly 10% above the spot price. Hyperliquid has a $1.2 billion token unlock scheduled for August 29. Another token unlock is due a month later. A daily close below $68 would end the bullish structure.