Hyperliquid's HYPE Token Breakout: Institutional Yield Strategy and Moderate Momentum

Hyperliquid's HYPE token has extended its recovery phase, maintaining higher highs and higher lows after breaking out from a $20.50 base. The price is consolidating near the 0.786 Fibonacci retracement level, with resistance at $34.40-$35.55 and support at $33.70-$33.90. Open interest has increased after stabilizing between $1.4 billion and $1.6 billion from November to December, suggesting cautious bullish sentiment. The Hyperion DeFi Inc. treasury strategy introduces a yield model by deploying HYPE into structured on-chain options via the Rysk protocol, enhancing the token's utility for institutional portfolios.