Hyperliquid’s HYPE token rallied 19.6% in the past 24 hours, reaching $70.44 on August 20 and briefly topping $72 during a sharp uptick fueled by optimism over the project’s advancing regulatory efforts in the United States.
Trump’s remarks and regulatory discussions boost sentiment
US President Donald Trump told reporters at the White House on August 19 that Commodity Futures Trading Commission Chair Michael Selig is taking steps to bring Hyperliquid into the US in what he described as a “fully compliant and legal fashion.” The president’s comments build on recent speculation that Hyperliquid is actively exploring a regulated access point for US users.
Following Trump’s remarks, HYPE advanced above $70, adding to an initial rally earlier in the session. Over the last seven days, the token has climbed 23.2%, according to CoinGecko data.
Regulatory records confirm recent talks between Hyperliquid and US authorities. On July 14, the project’s team met with the Securities and Exchange Commission’s Crypto Task Force to discuss how a compliant path might allow Americans to participate in on-chain markets built on the Hyperliquid protocol. A day later, Hyperliquid Labs and Hyperliquid Strategic met with the CFTC’s Innovation Task Force to continue these discussions.
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AAPLRegulatory filings detail a series of meetings in July, where Hyperliquid outlined to both the SEC and CFTC its pursuit of a “clear, regulated pathway” for on-chain market access within the US.
The regulatory push has become significant for Hyperliquid, as the protocol specializes in perpetual futures—an asset class facing more restrictions for US retail traders compared to certain offshore jurisdictions.
Market rally and broader policy moves
Broader market momentum also provided a tailwind for HYPE. Bitcoin neared $69,000, and Ether traded back above $2,000 during the session, contributing to gains across the crypto sector. The US Treasury’s decision to increase longer-dated bond buybacks and a proposed Securities and Exchange Commission framework for crypto offerings further fueled positive sentiment.
The strong move led to nearly $2 billion in liquidated crypto positions as traders scrambled to adapt to the fast-moving market. Meanwhile, Reuters reported that President Trump used the same White House event to urge Congress to pass the stalled CLARITY Act, adding another layer of political momentum to the regulatory conversation.
Alongside these developments, investors seeking transparency and efficiency have increasingly turned to blockchain solutions that allow direct asset ownership. While market participants monitor key breakouts and resistance levels, a sweeping technological shift is underway: Wall Street is embracing Web3. New platforms, such as 1stepSwap, enable investors to hold tokenized shares of leading US firms, gold, and silver directly in crypto wallets. By converting real-world assets into digital tokens and sourcing optimal prices automatically, platforms like these eliminate intermediaries from the process.
HYPE price outlook and technical analysis
Technical charts show HYPE pushing toward the upper boundary of its recent trading range. On August 20, the Average Directional Index (ADX) jumped to 22.60 from the low teens earlier this month, signaling strengthening trend momentum. However, market watchers note that a level above 25 would be needed for a fully established uptrend.
Daily Fibonacci Bands show an upper target near $82.95, provided HYPE clears the June and July highs. Intermediate resistance sits at $73.39, with a successful breakout potentially paving the way toward the $80 psychological mark and then the $83 area.
Should HYPE encounter resistance at current levels, analysts identify support zones at $67.50 and $62—levels that marked the beginning of the latest rally. The 4-hour chart provides a stronger bullish formation, with HYPE trading at $70.77, above all key exponential moving averages (20-day at $62.55, 50-day at $59.53, 100-day at $58.29, and 200-day at $58.07).
The EMAs have aligned in a bullish order, while HYPE’s significant distance from the 20-day average reflects the velocity of its recent price surge.
Meanwhile, the 4-hour relative strength index has soared to 83.94, far exceeding the typical overbought threshold, indicating the rally could take a breather before another move higher. For the upside scenario, clearing the $72–$73.40 range may open the door to $80 and then the daily upper band at $82.95, suggesting a potential 18% gain from current prices. On the downside, initial dynamic support remains near the 20-day EMA at $62.55, while the $58–$60 area provides additional protection, though a pullback of that magnitude would offset much of the day’s gains.
