{"id":107173,"date":"2025-10-23T15:31:28","date_gmt":"2025-10-23T15:31:28","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=107173"},"modified":"2025-10-23T15:31:28","modified_gmt":"2025-10-23T15:31:28","slug":"hype-soars-beyond-40-following-robinhood-listing-whats-next-for-hyperliquids-price","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=107173","title":{"rendered":"HYPE Soars Beyond $40 Following Robinhood Listing: What\u2019s Next For Hyperliquid\u2019s Price?"},"content":{"rendered":"<p>Cryptocurrency trading platform Robinhood (HOOD), has recently <a href=\"https:\/\/x.com\/RobinhoodApp\/status\/1981344978728104062\" target=\"_blank\" rel=\"noopener\">announced <\/a>the listing of HYPE, the native token of the decentralized exchange (DEX) Hyperliquid, sparking a new rally for the altcoin, which surged beyond $40 on Thursday, marking an intraday recovery of 13%.<\/p>\n<h2>$1 Billion For HYPE Token Buyback<\/h2>\n<p>HYPE, with a market capitalization nearing $11 billion, has emerged as one of the market\u2019s top performers, skyrocketing by 1,000% from its launch price of $10 in December 2024. This growth has been accompanied by an 18% increase in trading volume over the last 24 hours, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/hyperliquid\" target=\"_blank\" rel=\"noopener\">data <\/a>from CoinGecko.<\/p>\n<p>The recent uptick in HYPE prices also coincides with Hyperliquid Strategies\u2019 filing with the US Securities and Exchange Commission (SEC) to raise $1 billion for a buyback of HYPE tokens.\u00a0<\/p>\n<p>The company is <a href=\"https:\/\/x.com\/kevalgala03\/status\/1981320291218575513\" target=\"_blank\" rel=\"noopener\">expected <\/a>to hold approximately 12.6 million HYPE tokens, valued at around $470 million, along with $305 million in cash reserves designated for additional token purchases.<\/p>\n<h2>Key Resistance And Support Levels For Hyperliquid\u2019s Price<\/h2>\n<p>As of now, the HYPE price is trading at approximately $40.54, still 31% below its all-time high of $59 reached earlier this year. Moving forward, key price levels for Hyperliquid include closing the week above $40, which would convert this previous resistance into a short-term support level for potential further increases.<\/p>\n<p>To the upside, additional resistance for the HYPE price may be encountered at $42, $46, and $50 before the altcoin can attempt to retest its $59 peak. Conversely, a support floor for Hyperliquid\u2019s short-term price action is anticipated at $35, established over the past week, providing a buffer against potential new declines in price.<\/p>\n<p>Featured image from DALL-E, chart from TradingView.com\u00a0<\/p>","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency trading platform Robinhood (HOOD), has recently announced the listing of HYPE, the native token of the decentralized exchange (DEX) Hyperliquid, sparking a new rally for the altcoin, which surged beyond $40 on Thursday, marking an intraday recovery of 13%. $1 Billion For HYPE Token Buyback HYPE, with a market capitalization nearing $11 billion, has [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":107174,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-107173","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/107173"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=107173"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/107173\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/107174"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=107173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=107173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=107173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}