Hyperliquid price prediction October 2026 is a hot topic right now, and for good reason.HYPE just printed a fresh all-time high, slipped back a little, and landed on a line traders have been
Hyperliquid price prediction October 2026 is a hot topic right now, and for good reason.HYPE just printed a fresh all-time high, slipped back a little, and landed on a line traders have been circling for weeks. A new buyback headline has arrived at the same moment. Here is how the whole picture stacks up.
Editorial note: our desk holds no personal position in HYPE. This is purely a chart and data read.
Hyperliquid is trading at 88.871, down 4.26% over the last 24 hours. Market cap stands at $22.28B, with open interest at $3.36B.
Futures volume hit $2.07B compared with spot volume of $131.96M, which shows how heavily derivatives traders dominate this market. Circulating supply is 251.16M HYPE out of a 951.37M total and maximum.
For a comparable trendline read on another large cap, see our Cardano price prediction breakdown.
Source: CoinGlass, Sep 28, 2026
A post from crypto.news (@cryptodotnews) reports that Hyperliquid buybacks funded by Circle revenue start on October 3. 
According to the post, revenue from the Hyperliquid deal with Circle will begin flowing into the buyback program on that date, adding a new source of funding for HYPE purchases.
Buybacks put steady buying pressure on the market, though the actual impact depends on how large those flows turn out to be. Readers exploring similar themes can also browse our best DeFi tokens to watch the guide.
Source: crypto.news (@cryptodotnews) X post, Sep 28, 2026, posted about 4 hours earlier
CMP: 88.893 (daily chart, Binance)
Bullish trigger: daily close above 98.038
Failure level: daily close below 59.958
Data timestamp: Sep 28, 2026, 12:08 UTC+5:30
Risk note: pullbacks after an all-time high can run deeper than expected.
HYPE built this rally on a foundation. From the August lows near 51.259, the price climbed along an ascending trendline, and the chart shows two clear touches of that line, one in mid-August and one in mid-September near 75.
Each touch was followed by a strong bounce, and the second one launched the move that created the new all-time high just around the 98.038 zone.
Since that peak, the price has rolled over. The latest daily candle closed at 88.893, down 3.04%, and it is now sitting close to the rising trendline again. That makes this a crucial spot.
The trendline is the same support that fueled the last breakout, so it is the natural place for buyers to try again.
The oscillator reads 54.24 with a bearish divergence flagged near the peak, meaning momentum failed to confirm the new high. A cooldown after that signal is normal, and it does not break the trend on its own.
The bullish path is simple. If HYPE holds the ascending trendline and then closes above 98.038 on the daily chart, price would break into fresh all-time-high territory.
The next resistance is 115.101, and 150 is the psychological target that traders will be watching closely.
If the trendline gives way, the chart allows for a deeper pullback. The 75 area, where the trendline was tested in September, is a logical zone where buyers could step back in.
A daily close below 59.958 would invalidate the setup, since it would erase the structure that the whole rally was built on. Between 75 and 98.038, expect choppy trading as both sides test conviction.
Source: TradingView, HYPE/USDT perpetual, 1D, Binance, Sep 28, 2026, 12:08 UTC+5:30
Level
Type
Distance from CMP (88.893)
150
Psychological resistance
+68.74%
115.101
Next resistance
+29.48%
98.038
All-time high breakout trigger
+10.29%
89.831
Nearby chart level
+1.06%
75.152
Deep pullback buying zone
-15.46%
59.958
Invalidation level
-32.55%
Bull case. HYPE defends the ascending trendline, turns higher, and closes above 98.038 on the daily chart.
The Circle-funded buyback starting October 3 would arrive right as the price tries to push into open air above the old peak. The next stops are 115.101, then 150.
Traders looking at the broader market can read our Bitcoin price outlook this week.
Base case. Price chops sideways along the trendline for several sessions, with neither side taking control. The bearish divergence keeps upside momentum in check, so a slow grind between 75 and 98.038 is the most likely near-term outcome.
Bear case. The trendline fails, and sellers drive the price toward the 75 zone. Buyers could return there, but a weak bounce would suggest more downside. A daily close below 59.958 cancels the setup entirely.
Futures volume is more than fifteen times spot volume, so leveraged liquidations can whip price around even when nothing fundamental has changed.
The buyback story depends on how much revenue actually reaches the program, and the headline alone does not answer that. A 3% to 4% daily drop this close to an all-time high can also shake out confidence quickly.
Wider sentiment, including our Chainlink price forecast update, can pull HYPE in either direction.
Buybacks paid for by real revenue give HYPE something few tokens have, a funding source tied to actual business activity.
Only 251.16M of the 951.37M supply circulates today, and steady buying from a program like this can matter a great deal over several years. Our 2030 estimate for HYPE is 200.
All-time high (ATH): the highest price an asset has ever reached.
Bearish divergence: price makes a new high while momentum weakens.
Buyback: a program that uses revenue to purchase tokens from the market.
Disclaimer
This article is for educational and informational purposes only and is not financial advice. Crypto assets are highly volatile. Do your own research before making any trading decision.
