At press time, HYPE price was trading at $86.50 with an intraday gain of 8%. NYSE owner to bring Hyperliquid perpetual futures to the regulated US market. This news created a buzz among the HYPE investors, which led to a sharp rally in the HYPE coin. The funding rate was negative in the early intraday session. Furthermore, perpetuals started buying aggressively and turned the funding rate positive and pushed it to +0.0205. IO has increased by 18% to $2.51B. These data suggest that traders’ interest has increased sharply in this coin.
Based on the technical analysis, HYPE price has witnessed strong buying pressure after a few weeks and has reached a resistance level of $87. If the price exceeds this level and holds above it, buyers might lead the trend, and the price can extend to the $100 mark. Conversely, if the Hyperliquid price faces resistance from the $87 level, sellers can dominate further.