Will Hyperliquid reach $76 in August?

Prediction markets put the probability at 55%: Will Hyperliquid reach $76 in August. Currently, markets are divided (55% YES, 45% NO). As seen on the daily price chart, HYPE traded near a low of $9 to $10 in April 2025 before surging to a peak of $59 in September 2025.

What’s Happening

Hyperliquid's native token HYPE has been on a volatile trajectory in 2026, with data from Coinpedia showing the asset traded near a low of $21 in January before rallying to a fresh all-time high of $76 in July 2026. This surge followed a broader recovery from an aggressive bearish trend that dragged prices down from a September 2025 peak of $59. The token's recent momentum has been bolstered by the HIP-3 upgrade, which contributed to a 31% weekly gain in late January, according to Yellow.com. As of late May, HYPE had climbed above $74, with market observers noting that a sustained break past the $76 level could open the path toward $100, though failure to hold that threshold might trigger a pullback toward $52. [Coinpedia, Aug 07]

The question of whether Hyperliquid can reach $76 in August has become a focal point for traders, particularly given the token's historical price patterns. Coinpedia's monthly projections from March 2025 indicated an average August price of $76.94, with a minimum of $76.62 and a maximum of $77.25, suggesting the level was anticipated as a key resistance zone. However, the actual market dynamics have been more volatile than those linear forecasts. Arthur Hayes, co-founder of BitMEX and CIO at Maelstrom, set a $150 price target for HYPE by August 2, 2026, arguing the token will surpass Solana before the current bull run concludes. This bullish sentiment contrasts with the technical reality that HYPE has already touched $76 in July, meaning the August question hinges on whether the token can sustain or revisit that level amid broader market conditions. [Yellow, May 31]

The significance of the $76 threshold extends beyond simple price action, as it represents a psychological barrier that could determine HYPE's near-term direction. Hyperliquid's rise to prominence in 2025 as a perp DEX leader, which pushed onchain derivatives to record volumes, has attracted both retail and institutional interest, according to The Block's year-end review. The token's ability to reach $76 in August will depend on several factors, including sustained trading volumes, the performance of rivals like Ethereum-based Lighter, and overall crypto market sentiment. Coinpedia's analysis notes that failing to reverse properly and break through $76 could drag HYPE down further, making the $52 support level a critical downside target. With the token having already achieved an all-time high of $76 in July, the August outlook remains uncertain, with traders closely monitoring whether bullish momentum can carry the price higher or if profit-taking will trigger a correction. [The Block, Dec 31]

Traded on Polymarket — $77K Volume

Lower-volume market on Polymarket ($77K). Wider spreads expected — enter with limit orders and be aware of slippage risk. Currently 55c YES.