$HYPE ‌

HYPE Jumps 21%, Nearing Peak

Hyperliquid's native token, HYPE, gained 21.3% in the last 24 hours, testing the $71 level. Rising as high as $72.61 during the day, the price is very close to its all-time high of $76, recorded in June 2026. 24-hour trading volume exceeded 37.7 million USDT, while the weekly performance is noteworthy at 23.5%.

Catalysts Behind the Rise

Trump and CFTC Statements

President Trump's statement at the White House crypto summit was a direct trigger. Trump announced that CFTC Chairman Michael Selig is working to bring the Hyperliquid platform to the US "in a fully compliant and legal manner." This move could pave the way for the platform, currently inaccessible to US investors, to open up to one of the largest markets.

Overall Market Rally

The US Treasury Department's decision to expand its long-term bond repurchase program has boosted the entire crypto market, particularly Bitcoin and Ethereum. Bitcoin tested $70,000, while Ethereum gained over 20%. This overall bullish environment has also given HYPE momentum.

Strategic Partnerships

Hyperliquid announced a strategic partnership with DWF Labs. DWF Labs will provide "in-depth liquidity and strategic market-making support" to the Hyperliquid ecosystem. Integration with Coinbase's Base app has also been established, making it easier for users to access the platform's perpetual futures markets.

Technical Outlook

HYPE continues its upward trend, breaking above the resistance zone at $58-60. The next critical resistance is at $73, and a break above this level could bring the all-time high of $76 into play. On the downside, $63 is now being watched as support; a drop below this level could bring $56.7 into focus.

In the derivatives market, HYPE's open positions are approximately $2.53 billion. The positive funding rate indicates that long positions are still dominant.

For Gate users: The $73 level is currently the nearest critical threshold. Sustained position above this level could lead to a retest of the $76 peak and then a target of $80. However, overbought signals in the RSI and uncertainty surrounding the US regulatory process (Senate progress on the CLARITY Act) increase the risk of a short-term correction.

DYOR 🔎 NFA ✔️

#HYPESurges22%ApproachesAllTimeHigh #GateStockInsightsChallenge