- HYPE price has surged 15% after Binance US announced plans to list the HYPE token.
- HYPE is trading at $37.77 after a 14.9% daily gain and 81% rise over 30 days. The chart suggests there could be a possible breakout if the price breaks above the $39 mark, with potential upside toward $50.
Hyperliquid price has risen by about 15% following Binance US plans to list the HYPE token, marking a significant milestone for the token.
The market quickly reacted to the news, reflecting investors’ interest in Hyperliquid’s ecosystem and the rising demand for native tokens linked to innovative DeFi platforms. This development does not only boost visibility for Hyperliquid but also shows a new trend of major exchanges embracing emerging decentralized protocols.
On the 2nd of June, Binance US shared a post on X that it will soon add a spot listing for Hyperliquid’s HYPE token. Right now, Binance already supports HYPE through perpetual futures, with open interest reaching $17.32 million on Binance alone.
Hyperliquid Strong Price Momentum And Potential Breakout
As at time of writing, Hyperliquid is trading at $37.77, a 14.9% increase in the last 24 hours and 81.0% in the last 30 days. In May the price jumped by 63% and hit a new high of $40 before dropping back to $30. Presently, the price has bounced from key trendline lows made on April 28, 30, May 6, 20, and 31. The chart shows a possible rounding bottom, with $39 as the neckline.
According to data from Coinglass, HYPE futures open interest is at $977.08 million, and the volume has hit $520.25 million. The Q1 weighted is also at 0.603%. This kind of increase usually means more money is flowing in, adding extra buying strength. It could help support Hyperliquid’s ongoing bounce.
HYPE current price chart suggests a rounding bottom might be forming, with $39 as the neckline. If HYPE keeps rising and breaks above $39, the move could confirm a breakout and point to a 27% jump toward nearly $50, based on the size of the pattern.
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