Crypto: Hyperliquid (HYPE) Holds Near Record High Despite Volatility

Hyperliquid (HYPE) holds around $50 after a peak at $51.50, supported by speculative and institutional interest. BitGo’s integration of HyperEVM strengthens its credibility, positioning the token among the most followed crypto projects.

BitGo strengthens Hyperliquid’s credibility

BitGo’s announcement marks a strategic turning point. The company has added support for HyperEVM, a smart contract layer compatible with Ethereum, providing institutions with secure access to Hyperliquid assets, while committing to greater transparency.

Through this integration, users obtain qualified custody, secure wallets, and advanced policies with whitelists, limits.

This infrastructure adds an additional layer of trust to a rapidly expanding ecosystem. For institutional investors, the ability to gain exposure to the HYPE token via regulated custody is a strong signal, especially in a context where cryptocurrency regulation remains under close global scrutiny.

By partnering with a recognized provider, Hyperliquid strengthens its credibility and increases its visibility to a wider audience.

Technical signals supporting the bullish scenario

Beyond institutional announcements, technical analysis remains favorable to bulls. The open interest (OI) on Hyperliquid futures has reached a record $2.23 billion, evidence of strong market commitment. This OI accumulation reflects a bullish conviction, confirmed by a high volume indicating increased trader activity.

The indicators also confirm this positive bias. The MACD signals a strong buy, while the RSI remains steady at 65 after exiting overheat. If the index rises above 70 again, a new wave of buying pressure could propel HYPE beyond its previous record.

However, not everything is decided. Macroeconomic factors, such as inflation or regulatory changes, will weigh on the balance in the coming weeks. Savvy traders know that in crypto, enthusiasm can quickly give way to caution.

With a price solidly held around $50, rising institutional interest, and favorable technical signals, Hyperliquid positions itself as a project to watch very closely. The current momentum could open the way to a new price discovery, but vigilance remains essential amid global crypto market uncertainties.