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HYPE Price Eyes $160 as Burns and Network Activity Strengthen Bullish Outlook

HYPE is recovering after successfully retesting the $75 support zone, with the token reaching $96.13 and analysts watching higher resistance levels. Recent HYPE burns, record monthly active addresses, and rising Hyperliquid throughput add fundamental context as traders assess whether the recovery...
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HYPE reached a new historic peak of USD $97.53 on September 22, 2026, with an intraday gain of 3.42% and a weekly return of 26.10%. The rally coincides with Hyperliquid’s expansion in derivatives products and with a crypto market supported by BTC recovery. However, the RSI at 70.9 and a stochastic at 99.1 turn on alarms about a possible short-term technical correction.

According to ChainCatcher, on-chain analyst Onchain Lens (@OnchainLens) reports that the decentralized exchange Hyperliquid repurchased and burned approximately 39,980 HYPE tokens in the past 24 hours at an average transaction price of $94.18, worth approximately $3.76 million. Since its launch, the platform has burned approximately 48.84 million HYPE tokens, with a current total token value of approximately $4.64 billion, representing about 4.8…

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coinstats.app broke the news on Tuesday, September 22, 2026.
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