Hyperliquid Price Prediction: HYPE Eyes $100 as Risks Rise

Published: September 09, 2026

Key Highlights

• Hyperliquid (HYPE) has seen a 4% increase following the listing of the memecoin USELESS.
• Transaction volumes have dropped nearly 80% compared to mid-August levels as traders await the Federal Reserve's interest rate decision.
• Despite a bullish outlook targeting $100, there are significant risks of a pullback to $75 due to bearish divergence in the daily RSI.

Market Activity

Hyperliquid's recent price increase is attributed to the listing of USELESS, a Solana-based memecoin that has surged by 15% and experienced a 30% increase in trading volumes, reaching $173 million. This surge reflects strong buying pressure, accounting for 56% of USELESS's circulating market cap.

Transaction Volume Trends

On-chain data indicates a significant decline in transaction volumes on Hyperliquid after a spike in August. Open interest has risen from $7.9 billion to $8.1 billion, suggesting traders are positioning for a potential bull market. However, the number of Bitcoin trades has plummeted from 3.08 million to 656,000, marking a 79% decline in just one week.

Price Predictions

Despite the recent bullish momentum, the price action of HYPE has entered a consolidation phase. A bull flag pattern has emerged, indicating that demand is currently outpacing supply. However, a bearish divergence suggests that the positive momentum is weakening, increasing the risk of a pullback to $75, which represents a 13% downside risk. Analysts recommend that potential buyers may want to wait for a price drop to $80 or lower before entering the market.

Conclusion

While the outlook for Hyperliquid remains optimistic with a target of $100, the current market conditions and technical indicators suggest caution. Traders should be aware of the potential for a price correction and consider their entry points carefully.