HYPE Price Climbs 50% as Hyperliquid Reportedly Nears U.S. Market Entry
HYPE, the native token of the Hyperliquid derivatives platform, has jumped roughly 50% in the past week, climbing from around $57 to the $84 area, as reports emerged that Hyperliquid Labs is in advanced talks with Payward — the parent company of Kraken — to offer U.S. traders access to certain perpetual futures through Payward’s regulated derivatives exchange, Bitnomial. The rally has brought HYPE close to its recent all-time high near $86.7, with traders now eyeing a potential move toward the $100 mark.
The reported U.S. market-entry plan, first covered by Bloomberg, 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 CFTC-regulated derivatives exchange and clearing platform. Payward has reportedly presented the proposed framework to the Commodity Futures Trading Commission (CFTC), but regulatory approval has not yet been granted. The arrangement therefore represents a potential pathway rather than a completed U.S. launch.
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The development follows an August statement from President Donald Trump indicating that U.S. regulators were working to bring Hyperliquid into the country in a compliant manner, adding a layer of political momentum to the talks.
Technical Breakout Puts $90 and $100 in Focus
On the daily chart, HYPE has cleared a multi-month descending channel that had capped upside attempts since its previous peak. The latest rally broke above the channel’s upper trendline with a sharp increase in buying volume, followed by a decisive move through the $75–$77 resistance zone, which has now flipped into support.
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HYPE is currently trading around $83–$84, just below the recent high near $86.7. That level is the immediate technical hurdle. A daily close above it would confirm continuation and expose the $90 area as the next psychological resistance. Beyond that, the $100 level becomes the major upside target — a move from $84 to $100 would represent roughly 19% upside, and a breakout through $100 could open a new price-discovery phase.
On the downside, the former breakout zone around $75–$77 is the critical support to watch. 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.
What the U.S. Entry Could Mean for Hyperliquid
The potential U.S. market entry is significant for Hyperliquid because it would expand the platform’s addressable market to one of the world’s largest derivatives trading communities. American users have been blocked from the platform due to regulatory restrictions, and a regulated pathway through Bitnomial would allow Hyperliquid to tap into that demand without running afoul of U.S. law.
For the broader crypto derivatives sector, the deal could set a precedent for how offshore platforms integrate with U.S.-regulated infrastructure. Bitnomial, which holds a CFTC license and operates its own clearing house, would provide a compliant venue for Hyperliquid-linked products, potentially easing concerns about unregulated offshore access.
However, regulatory execution remains a key variable. The CFTC has not yet approved the proposed framework, and the timeline for any decision is unclear. Traders should therefore treat the U.S. expansion as a potential catalyst rather than a confirmed outcome.
Key Levels to Watch
- Immediate resistance: $86.7 (recent high) — a daily close above this confirms the breakout.
- Next targets: $90 (psychological), then $100 (major round number).
- Critical support: $75–$77 (former resistance, now support) — holding this zone keeps the bullish structure intact.
- Bearish invalidation: A sustained break below $75 could trigger a retest of $67–$70.
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.
This article is for informational purposes only and does not constitute financial advice. Cryptocurrency markets are highly volatile; always conduct your own research before making investment decisions.
