HYPE has revived bullish sentiment in the crypto market after a sharp daily increase of 11.91% pushed the Hyperliquid price above the 200-day simple moving average (SMA) to $39.02.
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The rally follows renewed optimism among investors, fueled by institutional participation and aggressive whale activity. Traders are now eyeing the $41.76 resistance level, a breakout point that could confirm a complete trend reversal.
After regaining the key 61.8% Fibonacci level at $35.84, Hyperliquid price is showing resilience amid broader market volatility, with volume spikes reflecting rising demand for exposure ahead of upcoming company milestones.
$1 billion fundraising and plans for public listings generate institutional excitement
The catalyst behind the rally stems from Hyperliquid Strategies Inc.’s recent S-1 filing. to the U.S. Securities and Exchange Commission (SEC), detailing plans to raise up to $1 billion through a public offering of 160 million shares.
The funds aim to support the ecosystem expansion and accumulation of HYPE tokens, further bridging decentralized finance (DeFi) with traditional markets.
The entity, created from a merger between Nasdaq-listed Sonnet BioTherapeutics And Rorschach I LLCplans to become a publicly traded crypto treasury management company under the Hyperliquid umbrella.
Analysts see this move as an important step toward institutional legitimacy, with a portion of the proceeds earmarked for token buybacks and staking operations.
HYPE's price trends to the upside on the daily chart. Source: HYPEUSD on Tradingview
How developments will affect the hyperliquid price
The merger and the $1 billion fundraising are expected to have a lasting bullish impact on the Hyperliquid price. Confidence is already increasing as the token climbs above key resistance levels, indicating growing institutional confidence ahead of its planned Nasdaq listing.
With open interest peaking above $2 billion, traders expect price gains to continue as whales build up their leveraged lungs. Buyback and cess plans could further tighten supply, supporting upward pressure on the economy Hyperliquid price.
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A decisive close above $41.76 could confirm a new rally phase, positioning Hyperliquid as a leading bridge between DeFi and traditional finance.
Cover image of ChatGPT, HYPEUSD chart from Tradingview