HYPE price prediction: Can Hyperliquid benefit from Binance-driven market stress?

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Mykhailo Ihnatenko

12 hours ago

Hyperliquid is outperforming the broader crypto market as surging derivatives activity and institutional interest support demand. The next test is whether HYPE can hold above $95 and turn the rally into a push beyond its record high.

HYPE price prediction

24H -1.24%

$89

48H -0.77%

$89.43

7D 15.72%

$104.29

1M -14.99%

$76.61

3M -15.82%

$75.86

6M 34.93%

$121.6

12M 1407.66%

$1,358.7

Detailed

Current price: $90.12 -1.55 1.69%

Real-time Data 20:41

Daily range 88.56

93.99

Weekly range 74.48

97.09

Following the major Binance hack, which affected roughly $6.3 billion in assets, decentralized exchanges could gain an additional edge in the competition for users. At the same time, elevated volatility is driving heavier derivatives trading and increasing fee revenue. According to DeFiLlama, daily perpetual futures volume on Hyperliquid reached $17.4 billion, while fees climbed to $6.36 million.

The clearest confirmed catalyst, however, came from the deal between Intercontinental Exchange and Trade[XYZ], announced on October 29. The owner of the New York Stock Exchange plans to use Hyperliquid infrastructure to launch regulated perpetual futures in the United States.

Reclaiming $95 could trigger another move toward record highs

HYPE has gained more than 13% since October 29, briefly reaching $97.06. The strong move has brought the token close to its all-time high.

For the rally to continue, HYPE needs to establish itself above resistance at $95. That would open the door to a retest of the record high near $97.99 and potentially accelerate the move above the psychological $100 level.

A sustained hold above $95 remains the key condition for this scenario.

If buyers lose control and the initial reaction to the latest news begins to fade, HYPE could quickly fall back toward the $86.70–85 zone.

Trading activity becomes the key factor for sustained growth

Unlike many cryptocurrencies, Hyperliquid can benefit directly from periods of elevated volatility through higher trading volumes and stronger fee generation. Interest from traditional financial institutions adds another layer of support to the platform’s growth story.

But news flow alone will not be enough to sustain the rally. HYPE also needs trading activity to remain elevated. If volumes start drifting back toward earlier levels, part of the recent advance could unwind just as quickly.

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