{"id":32591,"date":"2026-09-18T20:02:53","date_gmt":"2026-09-18T19:02:53","guid":{"rendered":"https:\/\/investx.fr\/en\/2026\/09\/18\/hyperliquid-hype-new-ath-above-90-dollars-kraken-100-target\/"},"modified":"2026-09-18T20:03:03","modified_gmt":"2026-09-18T19:03:03","slug":"hyperliquid-hype-new-ath-above-90-dollars-kraken-100-target","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/hyperliquid-hype-new-ath-above-90-dollars-kraken-100-target\/","title":{"rendered":"Hyperliquid Smashes a New ATH Above $90 \u2014 Can HYPE Reach $100?"},"content":{"rendered":"\n

Hyperliquid (HYPE)<\/strong> has just hit a historic milestone, printing a new all-time high above $90<\/strong>. The token has entered full price discovery<\/strong>, driven by exceptional market momentum and a major institutional catalyst.<\/p>\n\n\n\n

Payward<\/strong>, the parent company of Kraken<\/strong>, is planning to launch regulated perpetual futures contracts in the United States<\/strong> built on Hyperliquid’s infrastructure. A powerful signal that changes the game for the entire ecosystem.<\/p>\n\n\n\n

With derivatives volumes exploding and bullish sentiment firmly in control, the question on every trader’s mind is straightforward: can HYPE break through the symbolic $100<\/strong> threshold?<\/p>\n\n\n\n

A Historic ATH Fueled by the Kraken Catalyst<\/h2>\n\n\n\n

Hyperliquid has cleared its key resistance at $89.57<\/strong> \u2014 its previous all-time high \u2014 and established itself firmly above $90. This breakout marks the token’s official entry into price discovery<\/strong>, a territory where no historical resistance levels exist to slow its advance.<\/p>\n\n\n\n

The primary catalyst behind this bullish surge is the announcement from Payward (Kraken<\/a>)<\/strong>, which is looking to launch regulated perpetual derivatives products<\/strong> on the US market using Hyperliquid’s infrastructure. This choice validates the protocol’s technical robustness and grants it an institutional credibility that is rare in the world of derivatives DEXs<\/strong>. For investors, this is a signal of genuine adoption \u2014 far beyond any speculative narrative.<\/p>\n\n\n\n

This partnership positions Hyperliquid<\/a><\/strong> as a reference-grade infrastructure layer for on-chain derivatives markets<\/strong>. At a time when US regulation is taking shape around digital assets, being selected by a regulated exchange of Kraken<\/strong>‘s caliber represents a significant competitive advantage over rivals such as dYdX<\/strong> and GMX<\/strong>.<\/p>\n\n\n\n

\"Hyperliquid<\/figure>\n\n\n\n

Derivatives Data Confirms the Strength of the Rally<\/h2>\n\n\n\n

Beyond the fundamental catalyst, the derivatives structure on HYPE is sending reassuring technical signals. Open interest<\/strong> on perpetual contracts<\/strong> remains elevated, reflecting sustained demand from leveraged traders holding long positions \u2014 without the signs of extreme overheating that typically precede a sharp reversal.<\/p>\n\n\n\n

The funding rate<\/strong> is positive but moderate, indicating that buyers are in control of the market without creating a dangerous imbalance. This setup is typically associated with sustained rallies rather than short-lived volatility spikes. Short liquidations recorded during the breakout above $89.57<\/strong> also fueled the bullish momentum, triggering a cascade effect that played squarely into the bulls’ hands.<\/p>\n\n\n\n

From a technical analysis standpoint, the next major psychological level sits at $100<\/strong>. With no significant historical resistance between $90 and that threshold, the move higher could accelerate if buying volume holds up. On the downside, a drop back below $85<\/strong> would serve as an early warning sign for long positions, with stronger structural support sitting around $80<\/strong>.<\/p>\n\n\n\n

Hyperliquid Establishes Itself as the Go-To DEX Infrastructure<\/h2>\n\n\n\n

HYPE<\/strong>‘s performance cannot be explained by speculation alone. Hyperliquid<\/strong> has built an on-chain derivatives trading protocol that technically rivals centralized platforms in terms of latency and liquidity. Its fully on-chain order book<\/strong> and competitive fee structure have attracted daily trading volumes that regularly exceed several billion dollars.<\/p>\n\n\n\n

The potential integration with Kraken<\/strong> opens the door to a significant influx of institutional liquidity into the protocol. If Payward<\/strong> follows through on its plans for regulated perpetuals<\/strong>, Hyperliquid<\/strong> could become the backend of choice for other regulated players looking to offer crypto derivatives products that comply with US legal requirements. This scenario would transform HYPE from a speculative governance token into an asset backed by real and growing revenue streams.<\/p>\n\n\n\n

The convergence of institutional adoption, technical solidity, and market momentum places Hyperliquid<\/strong> in a rare position<\/a>. The $100<\/strong> level looks less like a ceiling and more like the next consolidation zone \u2014 provided the broader market remains supportive and derivatives volumes do not dry up in the sessions ahead.<\/p>\n\n\n\n

\n\n\n\n

Related articles :<\/h3>\n\n\n\n