Hyperliquid HYPE rallies 35% to $79.50 after US regulatory momentum

Regulatory catalysts and platform growth

Momentum intensified on August 20, when HYPE convincingly broke above $60 and quickly moved past $70. Buyers seized on this breakout, lifting the price beyond $80 and toward $83 before some profit-taking set in.

A key factor behind the rally came on August 19. US President Donald Trump stated that Commodity Futures Trading Commission Chair Mike Selig was working to establish Hyperliquid in the US under full legal compliance. Traders responded to the announcement by bidding up the token, anticipating a potential regulatory path for the decentralized derivatives exchange in the American market.

Additional support for HYPE’s momentum came from an uptick in platform activity. On August 23, Hyperliquid generated roughly $6.2 million in daily fees, surpassing the combined fees of several competing blockchain networks, according to comparisons from Crypto Briefing.

Part of Hyperliquid’s protocol revenue is allocated to token purchases via the platform’s Assistance Fund, directly linking fee growth to potential demand for HYPE.

In a market where a single Fed decision or a sudden altcoin listing can change everything in seconds, jumping between different apps for charts, news, and portfolio tracking is costing investors money. Smart traders are now utilizing privacy-first tools like CryptoAppsy to consolidate everything. Without even the hassle of creating an account, you get real-time charts, smart price s, coin-specific news, and critical macro data all on one screen.

Hyperliquid’s product environment has expanded due to Hyperliquid Improvement Proposal 3 (HIP-3), enabling external builders to launch perpetual markets. Coin Metrics reported that Trade[XYZ] has emerged as a dominant participant under this structure, generating nearly 55% of the trading volume in August.

HIP-3 developers have broadened available assets by introducing perpetual markets tied to stocks, commodities, and indices. Trade[XYZ] has extended activity into niches such as chipmakers and computing-related assets, reducing the protocol’s dependence on crypto perpetuals exclusively. Hyperliquid now maintains a diverse marketplace spanning both native and HIP-3 markets.

Regulatory engagement continues. On August 18, the Hyperliquid Policy Center and Trade[XYZ] jointly submitted a proposal to the Securities and Exchange Commission advocating for pre-IPO perpetual contract frameworks. The proposal aims to chart a regulatory path that could permit US investors to access these innovative products.

HYPE price action and technical outlook

The daily price chart suggests that HYPE’s uptrend remains intact despite the recent pullback. Price closed firmly above the June highs of $74 to $76 before peaking near $83 and retracing to $79.50.

The Aroon indicator continues to reflect bullish conditions. Aroon Up stands at 92.86%, while Aroon Down sits at 7.14%, indicating that recent highs are sustaining broader trend strength. The Chaikin Money Flow (CMF) offers further support, hovering around 0.22 and showing persistent buying pressure alongside capital inflows during the latest advance.

Higher trading volumes accompanied the breakout through $58 to $60 and reinforced technical momentum. Now, the critical upside challenge is the $82 to $84 range, where the rally recently stalled. A daily close above this zone could lead to a move toward $90, with $95 and $100 as potential targets if momentum strengthens.

Downside risk has grown as well. The $74 to $76 area is the main support HYPE bulls will look to defend. Should this level break, the token could face a larger retracement toward $70, making the previously established support of $64 to $68 relevant if the bullish structure gives way.

Intraday charts reveal that HYPE may need further consolidation before resuming higher. The Supertrend indicator remains positive, with its support line positioned near $72.67. Despite the minor correction, HYPE’s price sits well above this threshold. The region between $72 and $76, aligned with the Supertrend, remains pivotal in the event of intensifying downward pressure.

Meanwhile, the Stochastic RSI has dropped into oversold territory following a steep rally, with %K and %D readings now in the low teens. If price holds between $78 and $79 and momentum reverses, buyers could make another attempt to retest $82 to $84 without a deeper retracement.

If sellers gain traction, however, support at $76 to $77 and then $72.67 will be closely watched. A 4-hour close below the Supertrend would weaken the structure further and possibly bring $70 into focus.

For now, daily Aroon and CMF measures reinforce the broader uptrend, while the bullish Supertrend shows breakout structure holds firm. Yet, the Stochastic RSI indicates short-term momentum has cooled following the advance, keeping $82 to $84 as the immediate upside test and $72 to $76 as the key support.