Hyperliquid Sees 20% Suge in Trading Volume as HYPE Binance Listing Rumors Intensify

Hyperliquid’s native token, HYPE, is seeing a significant surge in interest and trading activity as strong speculation of an imminent listing on Binance.US intensifies. The token has climbed 5.7% over the past week, accompanied by a 20% jump in trading volume, after social media activity from Binance itself sparked the rumors.

The decentralized perpetuals-focused exchange came under focus after Binance’s social media channels began —a move widely interpreted as a prelude to listing. The subtle marketing push prompted BitMEX co-founder Arthur Hayes to publicly tag Binance founder Changpeng Zhao (CZ) on X, directly asking when spot trading for HYPE would go live.

The social media push has resulted in excitement among traders as BitMEX co-founder Arthur Hayes tagged Binance’s Changpeng Zhao (CZ), openly asking whether spot trading for HYPE will soon go live.

Following a sharp rally to a high of $38.16, the HYPE token is now consolidating at a critical technical juncture defined by Fibonacci retracement levels. Currently trading around $34.94, the price is being pinned just below the 0.236 Fibonacci level at $35.91, a zone that is acting as immediate resistance.

A decisive breakout above the 0.236 Fib level ($35.91) could reignite bullish momentum. The next immediate resistance lies near the $38 zone. If bulls breach this zone, new all-time highs are likely.

On the other hand, if HYPE fails to reclaim $35.91, a deeper retracement toward the 0.382 ($34.32) or 0.5 ($33.42) Fib levels is possible. A breakdown below $30.75 (0.786 Fib) would invalidate the current uptrend structure and potentially open the gates to the $22.92 zone (1.618 extension).

The RSI is currently at 60.23 and pointing downward, suggesting fading bullish momentum. Meanwhile, the MACD line (blue) is above the signal line (orange) but the two are beginning to converge, which is often a precursor to a potential bearish crossover.