$HYPE just smashed a new ATH above $90 – and the path to $100 is now in play. Hyperliquid isn’t just rallying on hype. The move is backed by real ecosystem expansion: Manual borrowing live: supply $HYPE or BTC as collateral, borrow USDC/USDT → $269M+ borrowed on the underlying infra. NEAR launches confidential perps powered by Hyperliquid (private positions & trade details). US regulatory tailwinds: SEC innovation exemption for tokenized stock trading on DEXs. Kraken’s parent (Payward) plans regulated US perps using Hyperliquid’s HIP‑3 markets. Price action: $HYPE broke its prior high (~$89.60) and is trading around $91, up 8%+ in 24h, firmly inside a rising channel since late 2025. Daily volume: ~2.72M $HYPE. RSI: 65.35 (room to run). MACD: flashing a bullish crossover. Next levels: From ~$91, a ~9.8% push takes $HYPE to the psychological $100 mark. Above $100, traders are eyeing $110–$120. A failed breakout could mean a retest of $85–$88. Big picture: Hyperliquid is evolving from a perps DEX into broader on‑chain derivatives infra – and the market is repricing that narrative. Are you watching $HYPE as a pure trade, or as a bet on the next layer of on‑chain derivatives? #Hyperliquid #HYPE #DeFi #Perps #NEAR