Hyperliquid Targets US Market, Surges 50% Amid Partnership Frenzy
Hyperliquid's (HYPE) recent price surge has left investors optimistic about its potential US market expansion. The decentralized derivatives platform has partnered with Kraken parent company Payward, which could provide compliant market access and strengthen growth prospects.
The HYPE price has risen nearly 50% over the past few weeks, climbing from around $57 to $83.25. This bullish momentum is fueled by the potential US expansion, which would allow Hyperliquid to tap into a new market and increase its rivalry with other platforms.
From a technical perspective, HYPE appears to be forming in a rising channel after its aggressive breakout. The resistance stands at $87, where a clear breakout could generate more strength towards the psychological mark of $100. However, rejection could trigger short-term consolidation before another attempt higher.