$HYPE /USDT is trading around $90.85 on Binance Futures. Fundamentally, Hyperliquid continues to strengthen its position in the decentralized derivatives market through growing ecosystem adoption, trading activity, and HYPE token utility. On the 1-hour timeframe, the overall structure remains cautiously bullish, while the 15-minute chart shows short-term selling pressure. Key support levels are $88.12 and $86.79, while resistance stands at $91.51 and $91.97. A breakout above $91.97 could open the way toward $95.25, whereas a breakdown below $88.12 may trigger further downside. Overall, the market bias remains cautiously bullish, but traders should wait for volume confirmation before entering a position.
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