HYPE Token Eyes $90 Breakout as Hyperliquid Advances Regulatory Push

Hyperliquid's HYPE token has gained attention as it approaches the psychological $90 level after breaking out of its prolonged downtrend. Analyst Dylan noted that if the current rally continues, reaching $90 is becoming increasingly realistic.

The token had fallen to approximately $52 but attracted intense buying pressure and broke through several resistance levels in September, sending HYPE toward a local peak near $88.30. Although it has since entered a short-term pullback, the broader structure remains bullish.

TradingView chart analysis shows that HYPE has undergone a significant technical reversal, with expanding Bollinger Bands reflecting the increased volatility accompanying the rally. The 50-day EMA at $73.23 serves as another support level if there is a surge in selling momentum.

Hyperliquid's supply reduction and growing regulatory ambitions are strengthening the broader bullish narrative. The company has burned $2.65 million worth of HYPE tokens, which constitutes 4.86% of its maximum supply. This move will make scarcity more convincing, especially with high demand. Hyperliquid is also pushing into U.S. regulatory discussions regarding perpetual futures of cryptos.