Hyperliquid Token Price Jumps 23% in a Day: Can The Bullish 'HYPE' Sustain?
Cointelegraph
Hyperliquid's HYPE token surged 23% following new US spot ETF launches and a strategic treasury partnership with Coinbase.Summary
Hyperliquid's native token, HYPE, recently climbed 23% to reach levels not seen since October 2025. This rally is driven by the launch of US-listed spot Hyperliquid ETFs from Bitwise and 21Shares, which have bolstered institutional interest. Additionally, a new partnership designating Coinbase as the USDC treasury deployer for Hyperliquid has provided a structural tailwind, with projected revenue increases expected to support future HYPE buybacks. While technical indicators like the Relative Strength Index suggest room for short-term growth, analysts warn that the token is currently trading within a 'rising wedge' pattern, which could signal a potential 30% to 45% correction if the lower trend line is breached.
(Source：Cointelegraph)