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The Hyperliquid value has climbed 24% in every week to commerce at $55.27 as of 4:05 a.m. EST on a 7% lower in buying and selling quantity within the final 24 hours to $392 million.
That coincides with information that Ethena Labs is becoming a member of the race to safe a significant place in Hyperliquid’s $5 billion USDH stablecoin ecosystem with a bid that includes asset administration large BlackRock.
🚨 LATEST: Ethena turns into the sixth contender for Hyperliquid’s USDH stablecoin bid, pledging to return 95% of reserve income to the group, cowl migration prices from USDC to USDH and dedicated at the least $75M in ecosystem incentives. pic.twitter.com/AwEL9l14hK
— Cointelegraph (@Cointelegraph) September 10, 2025
Ethena Labs proposed a model of USDH to be backed by USDTb, the venture’s stablecoin that has 100% backing by BlackRock’s BUIDL fund.
🌐Ethena Labs, the builders of the artificial greenback protocol, have launched a proposal for the Hyperliquid stablecoin.
USDH will probably be not directly backed by BlackRock’s tokenized fund, BUIDL.🏦
🛫Ethena will direct income from USDH again into the Hyperliquid ecosystem.#Ethena… pic.twitter.com/DIsXXgrniB
— Crypto Analysis Community (@CrResearchNet) September 10, 2025
With extra main DeFi and monetary names circling USDH, merchants and analysts are more and more bullish on the HYPE value, at the least within the quick time period.
HYPE Worth Exams Highs With Technicals Signalling Extra Upside
The HYPEUSDT each day chart exhibits the complete energy of the transfer. The Hyperliquid value opened at $53.35, ran to highs of $55.68, and is holding above $55.
That’s a strong, bullish transfer away from assist on the 50-day SMA ($44.13). The longer-term 200-day SMA at $30.99 is nicely under the present value and acts as a powerful development base.
HYPEUSDT Evaluation Supply: Tradingview
A breakout above the important thing Fibonacci resistance at $51.18 has opened the way in which for additional upside, with the subsequent goal close to $60. The final main transfer noticed HYPE value caught beneath $51; clearing this now suggests robust momentum.
Help sits at $47.48 and the round-number $44 zone, each earlier resistance strains now flipped into assist. Momentum indicators match the bullish vibe. RSI stands at 69.43, slightly below the “overbought” line, which means there might be extra gasoline for the development earlier than a pause.
MACD exhibits bullish continuation, with each strains above zero and diverging. ADX is at 20.25, which indicators that the present development is gaining energy however will not be but excessive. Quantity can be above regular, serving to affirm that this rally isn’t working on fumes.
HYPE Worth: On-Chain Motion Confirms Contemporary Demand
On-chain information backs the bullish story for Hyperliquid value. Blockchain explorers present a giant improve in pockets addresses and each day transfers. A lot of this exercise is new consumers transferring HYPE from exchanges to non-public wallets.
Exhibiting confidence and a willingness to carry in hopes of additional positive aspects. There’s additionally been a spike in decentralised change (DEX) quantity involving HYPE and USDH pairs. In earlier rallies, on-chain metrics similar to spikes in new wallets, excessive transaction numbers, and larger-than-average DEX trades have signalled wholesome coin value momentum quite than pure hypothesis.
Whale actions appeared round $50, however there haven’t but been indicators of widespread profit-taking. As a substitute, most main wallets are sitting tight, with solely small outflows, a bullish signal for coin value assist.
New curiosity from giants like Ethena, with BlackRock alongside it, within the USDH stablecoin ecosystem have energised the market.
On-chain information exhibits extra wallets, higher DEX exercise, and no worrying whale sell-offs, confirming the inspiration for the HYPE value rally.
The chart paints a bullish image: breaking above $51 and holding $55 places Hyperliquid value on monitor for additional highs, offered consumers stay energetic and new headlines assist the rising pleasure for HYPE and USDH.
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