The Hyperliquid price has surged to a new All-Time High (ATH), surpassing the $90 mark as buying pressure intensifies. This latest breakout comes as Payward, the parent company of Kraken, announces plans to launch regulated US perpetual futures using Hyperliquid’s infrastructure. Additionally, robust derivative activity continues to fuel the ongoing rally, with HYPE now in price discovery mode after surpassing its previous high of $89.57. As the token enters this phase, all eyes are now on the $100 psychological level.
Several factors have contributed to the recent surge in Hyperliquid’s price. One significant catalyst is the introduction of manual borrowing, allowing users to use HYPE or Bitcoin as collateral to borrow USDC and USDT directly. This development has resulted in $269 million in borrowed assets across Hyperliquid’s ecosystem. Another boost came from NEAR Protocol, which launched confidential perpetual futures powered by Hyperliquid, offering traders the ability to maintain privacy in their positions and trading activities.
Moreover, the regulatory landscape has played a crucial role in driving the price of HYPE higher. The US SEC recently granted an innovation exemption for tokenized stock trading on decentralized platforms, further boosting market sentiment around Hyperliquid. Payward’s announcement regarding the provision of on-chain perpetual futures for US clients through Hyperliquid’s HIP-3 markets has also added to the positive momentum. These developments signify Hyperliquid’s expansion beyond its core business of perpetual futures trading.
In terms of price action, Hyperliquid has broken above its previous record, with the ByBit perpetual contract reaching $91.96. Currently trading around $91.07, HYPE has seen an 8% increase in the past 24 hours, remaining within a rising channel that has guided its uptrend since late 2025. The breakout has been supported by significant trading volume, with daily volumes reaching 2.72 million HYPE tokens.
Momentum indicators paint a bullish picture for HYPE, with the RSI at 65.35 and the MACD signaling a decrease in selling pressure, hinting at a potential bullish crossover. The key question now is whether HYPE can maintain its position above the $90 mark and aim for the $100 milestone.
Looking ahead, the $100 psychological level poses the next major hurdle for Hyperliquid. A 9.8% increase from the current price would be needed to reach $100, paving the way for further upside potential towards $110 and $120. However, a failure to sustain the breakout could see HYPE retracing back towards the $85 to $88 range.
In conclusion, the recent surge in Hyperliquid’s price is driven by a combination of fundamental developments, regulatory advancements, and strong market activity. As HYPE continues its uptrend, all eyes are on the $100 level as the next significant milestone to watch.