HYPE price has surged from roughly $57 to the $84 area, putting Hyperliquid’s native token close to its recent all-time high as reported talks over U.S. market access add a fresh catalyst to the rally. The move is backed by a decisive technical breakout: HYPE has cleared a multi-month descending channel and reclaimed the $75–$77 resistance zone. With U.S. access potentially expanding Hyperliquid’s addressable market, traders are now watching whether HYPE can convert the breakout into a sustained move toward $100.
Hyperliquid’s U.S. Push Creates a New Fundamental Catalyst
Hyperliquid Labs is reportedly in advanced discussions with Payward, the parent company of Kraken, to make selected crypto perpetual futures available to U.S. traders through Payward-owned Bitnomial, according to Bloomberg.
The proposed structure is important because it would not simply open Hyperliquid’s existing offshore platform to American users. Instead, eligible U.S. traders could access a subset of Hyperliquid-linked perpetual futures through Bitnomial, a U.S.-regulated derivatives exchange and clearing platform. Payward has reportedly presented the proposed framework to the Commodity Futures Trading Commission (CFTC), but regulatory approval remains outstanding. The reported arrangement therefore represents a potential pathway rather than a completed U.S. launch.
The development follows comments from President Donald Trump in August indicating that U.S. regulators were working to bring Hyperliquid into the country in a compliant manner.
HYPE Price Analysis: Breakout Puts $90-$100 in Sight
HYPE/USDT chart shows a clear shift in structure. For several months, HYPE traded inside a descending channel, with the upper trendline repeatedly restricting upside attempts. The latest rally has broken above that structure with a sharp expansion in buying activity, followed by a move through the $75–$77 resistance zone.
HYPE is now trading around $83–$84, leaving the token just below the recent high near $86.7. That level is the immediate technical hurdle. A decisive daily close above the recent high would confirm continuation and expose the $90 area as the next psychological resistance. Beyond $90, the $100 level becomes the major upside target. A move from $84 to $100 would represent approximately 19% upside, while a successful breakout through $100 could establish a new price-discovery phase.
The critical support remains the former breakout zone around $75–$77. Holding that area on any pullback would preserve the bullish market structure and validate the resistance-to-support flip. A sustained move below $75, however, would weaken the breakout and could send HYPE back toward the $67–$70 region.
The Bottom Line
HYPE’s next major move will likely be determined by its reaction around the $86–$87 resistance zone. A confirmed breakout above this area would strengthen the bullish structure and bring $90 into immediate focus, followed by the psychological $100 target. The reported U.S. expansion talks add a potentially powerful fundamental catalyst, but regulatory execution remains a key variable. As long as HYPE holds the $75–$77 breakout zone, the broader setup remains bullish; losing that support would signal that the rally needs deeper consolidation before another attempt at record highs.
Was this writing helpful?
Story Ends Here
Trust with CoinPedia:
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Read the Next News
