🚀 $HYPE surged to $87.3 on major news: What sparked the powerful rally?
The flagship DEX Hyperliquid’s token ($HYPE ) staged a sharp recovery, surging through resistance from $78.19 to a local peak of $87.31 amid strong institutional catalysts.
🔍 Key fundamental drivers behind the rally:
1. Expansion into regulated U.S. perpetual contracts: Kraken’s parent company, Payward, unveiled plans to launch a regulated U.S. perpetuals market built on Hyperliquid infrastructure (the HIP-3 protocol), through CFTC-licensed exchange Bitnomial and NinjaTrader clearing. This could mark a breakthrough for Hyperliquid technology in the regulated U.S. derivatives market.
2. Buyback expanded to $100 million: Corporate treasury company Hyperliquid Strategies (NASDAQ: PURR) expanded its buyback program from $30M to $100 million, while the exchange’s built-in mechanism continues to burn a significant share of trading fees in HYPE tokens every day.
📊 Technical breakdown:
The price decisively broke above the 50-day EMA ($85.02), which now serves as a key support level for the bulls. The 1H RSI (72.3) and 4H RSI (72.4) indicators show buyers are in control.
🎯 Scenario map for the next 24 hours:
• Bullish: Holding above $85.00 and clearing the $88.10 barrier would open a direct path to test the $92.00–$95.00 all-time-high zone.
• Bearish: Losing $85.00 on a 4H candle close could trigger a pullback into the $80.90–$81.50 accumulation range (the 20 EMA zone).
Can $HYPE set a new all-time high of $98 on the back of U.S. expansion?
$HYPE $BTC
The flagship DEX Hyperliquid’s token ($HYPE ) staged a sharp recovery, surging through resistance from $78.19 to a local peak of $87.31 amid strong institutional catalysts.
🔍 Key fundamental drivers behind the rally:
1. Expansion into regulated U.S. perpetual contracts: Kraken’s parent company, Payward, unveiled plans to launch a regulated U.S. perpetuals market built on Hyperliquid infrastructure (the HIP-3 protocol), through CFTC-licensed exchange Bitnomial and NinjaTrader clearing. This could mark a breakthrough for Hyperliquid technology in the regulated U.S. derivatives market.
2. Buyback expanded to $100 million: Corporate treasury company Hyperliquid Strategies (NASDAQ: PURR) expanded its buyback program from $30M to $100 million, while the exchange’s built-in mechanism continues to burn a significant share of trading fees in HYPE tokens every day.
📊 Technical breakdown:
The price decisively broke above the 50-day EMA ($85.02), which now serves as a key support level for the bulls. The 1H RSI (72.3) and 4H RSI (72.4) indicators show buyers are in control.
🎯 Scenario map for the next 24 hours:
• Bullish: Holding above $85.00 and clearing the $88.10 barrier would open a direct path to test the $92.00–$95.00 all-time-high zone.
• Bearish: Losing $85.00 on a 4H candle close could trigger a pullback into the $80.90–$81.50 accumulation range (the 20 EMA zone).
Can $HYPE set a new all-time high of $98 on the back of U.S. expansion?
$HYPE $BTC
