Hyperliquid launches ICE partnership and burns tokens: Can HYPE continue gains?

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Hyperliquid surges 7.77% today to $87.78

Highlights

Intercontinental Exchange and Trade.xyz are opening a regulated U.S. perpetual futures market on Hyperliquid to expand access to traditional asset derivatives.
Hyperliquid removed 49.87 million HYPE tokens, nearly 5% of supply, as ongoing buybacks are funded by platform revenue above $1.38 billion.
HYPE/USD shows bullish long-term momentum but short-term sell signals, projecting a trading range of $83.38 to $89.59 in the next days.

Institutional access expands as supply reduction bolsters HYPE demand

Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, has partnered with Trade.xyz to launch a regulated U.S. perpetual futures market on Hyperliquid, deepening institutional and retail access to derivatives linked to traditional assets and supporting new demand for HYPE, according to Crypto. Hyperliquid has also permanently removed 49.87 million HYPE tokens from circulation, amounting to nearly 5% of its maximum supply, reflecting ongoing buybacks funded by platform revenues now above $1.38 billion, as reported by U. Additional recent developments include integration of Hyperliquid-powered perpetual futures into Pump.fun’s app to broaden trading access with USDC, and HyperLabs’ application to redeem over $14 million in HYPE tokens for team distribution prior to over-the-counter trading, with details from Altcoinbuzz and Kucoin.

Momentum divergence as technical signals show sellers dominating

On the technical front, HYPE/USD is trading above the MA-20 ($79.87) and MA-50 ($80.33) on the hourly chart, and remains above the daily MA-200 ($65.95), with the Ichimoku Kijun level at $80.38 acting as near-term support. Despite this bullish structure, momentum signals are mixed: MACD and ADX currently indicate sell pressure, suggesting waning bullish momentum, while RSI reflects a neutral sell bias. Stochastic RSI and CCI also remain neutral, pointing to the absence of clear overbought or oversold conditions, and Bull/Bear Power highlights sellers dominating intraday. The Awesome Oscillator remains neutral, highlighting ongoing divergence between price action and momentum indicators.

Range-bound outlook as breakout risks drive short-term direction

Over the next 2–3 trading days, HYPE/USD is expected to move within the $83.38 to $89.59 volatility band relative to current levels, with a 67% probability of an upward move and a 33% chance of a dip. The baseline scenario calls for sideways consolidation within this corridor. Should bullish momentum resume, a breakout above $89.59 resistance would open the door to further gains, while a sustained move below $83.38 support could trigger additional downside pressure.

Anton Kharitonov, analyst at Traders Union, sees Hyperliquid as benefiting from headline partnerships and strong tokenomics, but notes the technical setup lacks conviction despite the bullish news flow. He believes recent ICE involvement and aggressive token buybacks offer fundamental support, yet momentum signals remain mixed with sellers still present intraday. The analyst stresses that consolidation is most likely unless $89.59 is cleared on strong volume. "Base case remains sideways until clear momentum re-emerges above resistance — I stay defensive here."

Previously it was reported that Intercontinental Exchange and Trade.xyz planned to launch a regulated U.S. perpetual futures market leveraging Hyperliquid's infrastructure, pending regulatory approval. With HYPE/USD maintaining a position above key moving averages despite mixed momentum signals, traders should monitor potential volatility around the $83.38 to $89.59 corridor as near-term price direction develops.

Source of Data: HYPE Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.