HYPE Surges 5.22% as Bybit Listing Boosts Accessibility

Hyperliquid’s native token, HYPE, is currently trading at $40.90, marking a 5.22% increase over the past 24 hours. This price point is just 12% below its all-time high of $45.80, indicating a strong bullish trend. The price action on the daily chart reveals an ascending triangle pattern, with bulls defending support levels while bears are protecting the $41 to $42 resistance zone.

Bybit, a prominent cryptocurrency exchange, has announced plans to list HYPE on its spot trading platform. Deposits will open at 3:00 AM UTC, with trading commencing at 9:00 AM UTC. This listing will add HYPE to Bybit’s Main Trading Zone, with withdrawals becoming available starting at 10:00 AM UTC. The move is expected to expand HYPE’s accessibility to retail traders, as Hyperliquid captures 60% of the perpetual trading market share.

Grayscale, a leading investment firm, has included HYPE in its Q3 2025 assets under consideration list. This inclusion signals growing institutional interest in the token and could attract more institutional capital. Grayscale’s involvement often serves as a catalyst for price movements in crypto assets, further bolstering the bullish sentiment surrounding HYPE.

Technical analysis points to key resistance levels for HYPE. The 4-hour chart shows HYPE brushing against overhead supply near $42. While the price surged above resistance, it has since stalled at this reaction zone. Crypto analyst Trader_XO warns about potential weakness if HYPE fails to hold above $42, suggesting a breakdown could target the $28 to $30 region. However, the ascending triangle pattern suggests bullish continuation if resistance breaks, potentially pushing prices into the $50 zone.

Recent consolidation has lasted nearly two months, with price respecting the rising trendline support while repeatedly testing upper resistance. The Assistance Fund injected $2.64 million into HYPE buyback support on July 10, representing one of the largest single-day injections recorded. Market watchers suggest a $10 million buyback day could materialize soon, providing a cushion against potential breakdowns.

Hyperliquid has integrated with Phantom wallet to expand its platform reach. The protocol’s daily revenue has consistently exceeded both Ethereum and Solana over three months, maintaining dominance in decentralized perpetual trading. Infrastructure improvements support the fundamental case for price appreciation. Bulls need to flip $42 resistance and defend $39 support to maintain momentum. Failure at these levels could trigger distribution patterns and deeper corrections toward $30.