TL;DR:
- Hyperliquid registered a new all-time high around $89.69 and surpassed $91 during trading on September 18, 2026.
- The asset’s market capitalization crossed $20 billion, accompanied by a 24-hour trading volume exceeding $1.7 billion.
- The immediate technical support level for the bullish market structure stands at $76.6.
During Friday’s session on September 18, Hyperliquid (HYPE) reached a new all-time high of $89.69 and broke into the top 10 leading cryptocurrencies by market capitalization.
The asset’s price extended its upward rally throughout the session, tagging intraday peaks of $92.56. This advance unfolded against a broader market backdrop where most altcoins exhibited sideways consolidation ranges.
According to technical analysis shared by Aksel Kibar of Tech Charts, the HYPE/USDT pair completed a breakout, pullback, and continuation sequence on its daily chart. The technical specialist notes that this formation confirms the underlying trend strength after clearing previous resistance.
Breakout, pullback and continuation. $HYPEUSDT #cryptocurrencies.https://t.co/yN92eo43Sw https://t.co/qkfHVjG3GI pic.twitter.com/VGIrYdOClg
— Aksel Kibar, CMT (@TechCharts) September 18, 2026
By clearing the $89 barrier, the asset entered price discovery mode, a technical zone devoid of historical sell orders exerting overhead resistance on the order book.
Technical Dynamics and Triple-Digit Projections
Aksel Kibar estimates that the chart pattern projects a medium-term technical target situated at $100.5. The analyst emphasizes that this measurement derives from the extension of the recent breakout channel.
The $76.6 mark, which served as resistance over prior weeks, has now flipped into the primary defensive support floor for buyers. Market data suggests that defending this threshold remains critical to preserving the prevailing bullish structure.
The protocol’s fully diluted valuation (FDV) surpassed $87 billion, based on its maximum total supply of 1 billion tokens.
Operationally, the decentralized derivatives network processed over $141 million across the HYPE/USDC pair within its native order book over the past 24 hours. The platform actively rivals centralized trading venues for market share in perpetual futures volume.
On-chain analytics records indicate that institutional demand for the token has expanded through corporate treasury solutions, bringing in additional entities with disclosed balance-sheet exposure to the asset.
The next technical and operational milestone for the protocol hinges on the weekly candle close above the $90 zone, alongside the scheduled settlement of futures contracts toward the end of the month.
