Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Hyperliquid Token Hits $36 After CFTC Talks Spark Rally

Hyperliquid Token Hits $36 After CFTC Talks Spark Rally

CryptotaleCryptotale2025/05/23 03:30
By:Yusuf Islam
Hyperliquid Token Hits $36 After CFTC Talks Spark Rally image 0
  • Hyperliquid saw a huge price jump after submitting comment letters to the CFTC.
  • Charts showed strong buying signs as prices broke through several key levels quickly.
  • Smart investors entered early, around $15, before the token hit its highest price ever.

Hyperliquid (HYPE) surged to an all-time high of $36.246 on May 23, 2025, marking a 278% rise from April’s $9.328 low. The move came hours after Hyperliquid Labs shared on X that it had submitted comment letters to the Commodity Futures Trading Commission (CFTC). The letters addressed issues surrounding perpetual derivatives and 24/7 trading. Technical data from TradingView confirmed the rally’s strength with a bullish move and an RSI reading of 83.17.

Regulatory Dialogue Ignites Institutional Confidence

Hyperliquid Labs confirmed it submitted responses to the CFTC’s Requests for Comment on perpetual derivatives and 24/7 trading. The submissions discussed main market issues and focused on getting a clear and forward-thinking set of rules for decentralized finance and cryptocurrency companies. 

The following post is from Hyperliquid Labs

Hyperliquid Labs is committed to the advancement of defi and its promise in delivering a more open, transparent, and efficient financial system for all. As a contributor to the Hyperliquid blockchain, we believe in defi’s ability not…

— Hyperliquid (@HyperliquidX) May 23, 2025

Also, Hyperliquid Labs confirmed that its goal is to develop an efficient DeFi system that unites the world. It claimed that moving away from traditional markets and toward decentralized structures can increase the transparency of markets, lessen major risks, and provide better protection for those using them. 

Technical Chart Patterns Confirm Breakout

The HYPE token displayed textbook bullish signals on TradingView. The chart revealed a rounded bottom formation and an aggressive upward channel breakout. Moreover, HYPE breached major Fibonacci retracement levels: 0.618 ($19.611), 0.5 ($22.787), 0.382 ($25.963), and 0.236 ($29.893), confirming a high level of strength.

Hyperliquid Token Hits $36 After CFTC Talks Spark Rally image 1 Source: TradingView

Additionally, price action moved through a fair value gap between $29.893 and $32.000. This area now serves as near-term support. Smart money accumulation zones around $15.088 aligned with the 0.786 retracement, confirming institutional interest. Furthermore, HYPE’s RSI of 83.17 means the stock entered into overbought areas, so there are questions about its short-term stability.

Related: Bitcoin Surges to $111K on Bitcoin Pizza Day Anniversary

Smart Money Behavior or Just Hype?

Investor sentiment appears linked to Hyperliquid’s alignment with regulatory frameworks and its DeFi infrastructure vision. The trading volume surge and clean structural breakout indicate more than retail speculation.

Advisably, traders should closely watch the support levels at $29.893 and $25.963, just in case of a reversal. This recent ATH shows traders have confidence in Hyperliquid’s future, thanks to its active regulatory work and stable technology.

The post Hyperliquid Token Hits $36 After CFTC Talks Spark Rally appeared first on Cryptotale.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!