HYPE Surges 15% After Binance US Listing—Now Gunning for All-Time Highs

Another day, another crypto pump fueled by exchange listings—but this one’s got legs. HYPE token ripped 15% higher after Binance US confirmed its listing, leaving bagholders cheering and skeptics rolling their eyes at the circus.

Breakout mode: Traders are now betting the rally isn’t done yet. With liquidity flooding in from the US exchange, charts show HYPE testing key resistance levels. One more push could send it screaming past previous all-time highs.

Just don’t ask what the token actually does—price action is the only roadmap that matters in this market. After all, when did fundamentals ever stop a good old-fashioned crypto moon mission?

HYPE’s price action on the 12-hour chart reinforces the bullish outlook. After bottoming at $9.30 on April 7, the price surged to $40 in May, which formed a cup-and-handle pattern with the cup’s upper resistance around $28.40. The recent pullback can be seen as a healthy break-and-retest of this key resistance level, which often acts as strong support before the uptrend resumes.

Fundamentals also support the bullish case. Hyperliquid continues to dominate the derivatives DEX market, holding over 81% market share, according to CoinMarketCap rankings. It also leads in perpetuals trading volume, with $6.495 billion traded in the past 24 hours on Hyperliquid Layer 1.