NewsBTC
Sep 18, 2025
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Hyperliquid Token HYPE Surges 8% Amid USDC Integration

Hyperliquid's Native Token HYPE Surges

  • HYPE rose over 8%, nearing $58.77, close to the $60 mark.
  • The rally followed USDC and Circle's Cross-Chain Transfer Protocol integration on Hyperliquid's EVM.
  • This integration enhances liquidity and security, potentially drawing institutional traders.

Record Revenue Boosts Confidence

  • Hyperliquid generated $2.5 million in fees in a day, surpassing Ethereum and Solana.
  • Q3 saw record fees of $250.45 million and net income of $243.59 million.
  • A lean team of 11 members maintains high efficiency, fueling optimism for future growth.

Caution Advised with Rising Wedge Pattern

  • Technical analysis shows HYPE at $59.36, testing a rising wedge pattern, indicating potential weakening momentum.
  • The RSI nears overbought levels; a rejection could lead to pullbacks to $55, with further risks down to $52–$48.
  • If support holds, HYPE might rebound past $60, aligning with forecasts towards $70.

HYPE price chart

The outcome at $59.36 will indicate whether HYPE sustains momentum or faces a temporary peak.