HYPE Price Surges as Hyperliquid Eyes U.S. Market Entry — Can $100 Be Next?

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.