$HYPE is back in the spotlight. Hyperliquid is trading around $87.72, with an approximately 11% 24-hour gain, bringing price close to its September all-time high of $89.60.
The latest momentum comes as Payward, Kraken’s parent company, announced plans to bring Hyperliquid-based on-chain perpetual futures to U.S. clients, subject to regulatory approval. Hyperliquid has also launched manual borrowing, allowing users to use HYPE or $BTC as collateral for $USDC or USDT.
Technically, HYPE remains strong: moving averages are aligned bullishly, while RSI around 83.8 shows that momentum is powerful but also overbought.
The key zone is $87–$90. A sustained breakout above the recent high could put higher levels into focus, while $78–$80 remains an important support area.
Key Takeaway: HYPE has strong momentum, but traders should watch whether buyers can convert the $87–$90 resistance zone into support before expecting another major leg higher.
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