Hyperliquid (HYPE) Eyes New All-Time High Ahead of Binance US Listing

Hyperliquid (HYPE) has surged 15% to $37.50, driven by an 80% spike in trading volume to $370 million following the announcement of its upcoming listing on Binance US. The token is now poised to retest its all-time high of $40, set on May 26, with technical indicators suggesting sustained bullish momentum. The 12-hour chart reveals a classic cup-and-handle pattern, with a recent pullback forming a healthy retest of the $28.40 resistance-turned-support level. This development highlights growing investor confidence in HYPE as it gains traction on a major exchange, potentially paving the way for further gains in the near term.

HYPE Surges 15% Ahead of Binance US Listing, Nears All-Time High

Hyperliquid (HYPE) rallied 15% to $37.50 as trading volume spiked 80% to $370 million following its upcoming Binance US listing announcement. The token now eyes a retest of its $40 all-time high set on May 26, with technical indicators signaling sustained bullish momentum.

The 12-hour chart reveals a textbook cup-and-handle pattern, with the recent pullback forming a healthy retest of the $28.40 resistance-turned-support level. RSI at 68 approaches overbought territory as MACD shows weakening bearish pressure, suggesting accumulation before potential upside continuation.

Market structure remains decisively bullish since April’s trend reversal, with consistent higher highs and lows maintained above the 20-day EMA. The Binance US listing provides fundamental validation to complement technical strength, though traders should monitor RSI divergence at these elevated levels.

Binance’s CZ Advocates for Bitcoin and Crypto Risk-Taking Amid Growing Institutional Adoption

Changpeng Zhao, co-founder of Binance, asserts that avoiding cryptocurrency may now pose greater risks than embracing it. His comments follow a surge in corporate Bitcoin acquisitions, with firms like GameStop and Strike leading the charge by adding thousands of BTC to their balance sheets in 2025.

Norwegian Block Exchange (NBX) saw its stock price skyrocket 138% after announcing a Bitcoin purchase, underscoring the market’s bullish sentiment. Zhao revealed his personal strategy hinges on reducing fiat exposure, stating simply: "Too much" when questioned about his risk appetite.