Hyperliquid price rises when Ethena USDH Stablecoin Race enters

The hyperliquid price has risen 24% in a week to exchange $ 55.27 from 4:05 am About a fall in trade volume by 7% in the last 24 hours to $ 392 million.

That coincides with news that eThena Labs participates in the race to appreciate an important position in Hyperliquid’s $ 5 billion USDH Stablecoin eco -system with an bid involving gigantic BlackRock of asset management.

🚨 Last: Ethena becomes the 6th competition for the pray of hyperliquid USDH Stablecoin and promises to return 95% of the reserve income to the community, covers migration costs from USDC to USDH and has committed at least $ 75 million to ecosystemincentives. pic.twitter.com/aul9L14HK

– Cointelegraph (@Cointelegraph) September 10, 2025

Ethena Labs proposed a version of USDH to be supported by USDTB, the Stablecoin of the project that has 100% support by BlackRock’s Buidl Fund.

🌐 Ethena Labs, the developers of the synthetic dollar protocol, have introduced a proposal for the Hyperliquid Stablecoin.

USDH is indirectly supported by the Tokenized Fund of BlackRock, Buidl.🏦

🛫ethena will return the income from USDH to the hyperliquis ecosystem.#Thena… pic.twitter.com/disxxgrnib

– Crypto Research Network (@crresearchNet) September 10, 2025

With more important Defi and financial names to circle USDH, traders and analysts are increasingly becoming bullish on the hype price, at least in the short term.

Hype -price test heights with technical way that signals more upside down

The Hypeusdt Daily Chart shows the full strength of the movement. The hyperliquid price was opened for $ 53.35, ran to the peak of $ 55.68 and holds above $ 55.

That is a powerful bullish step away from the support with the 50-day SMA ($ 44.13). The 200-day SMA in the longer term at $ 30.99 is far below the current price and acts as a strong trend base.

Hypeusdt -analysis Source: TradingView

An outbreak above the most important Fibonacci resistance for $ 51.18 has opened the road for further upwards, with the next goal near $ 60. The last big step saw Hype price below $ 51; Cleaning up this now suggests a strong momentum.

Support is $ 47.48 and the round number $ 44 zone, both earlier resistance lines have now been reversed. Momentum indicators correspond to the bullish atmosphere. RSI is at 69.43, just below the “Overbought” line, which means that there can be more fuel for the trend before a break.

MacD shows bullish continuation, with both lines above zero and diverging. ADX is on 20.25, which indicates that the current trend is becoming stronger, but is not yet extreme. The volume is also normal and helps confirm that this rally is not running on fumes.

Hype price: Action on the chain confirms a new question

Data on chains support the bullish story for hyperliquid prize. Blockchain discovery travelers show a large increase in portfolios and daily transfers. Much of this activity is new buyers who move hype from fairs to private portfolios.

Trust and a willingness to hold in the hope of further profit. There has also been a peak in decentralized exchange (Dex) volume with hype and usDH pairs. In earlier rallies, on-chain statistics such as spikes in new portfolios, high transaction numbers and larger than average DEX transactions have indicated a healthy mint momentum instead of pure speculation.

Whale movements appeared around $ 50, but there have been no signs of widespread winning. Instead, most large portfolios are sleek, with only small outskirts, a bullish board for price -consumption.

New interest of giants such as Ethena, with BlackRock next to the, in the USDH Stablecoin exosystem, the market stimulated.

Data on chains shows more portfolios, larger Dex activity and not a worrying whale sales, which confirms the basis for the hype price rally.

The graph sketches a bullish image: breaking above $ 51 and keeping $ 55 on the right track for further highlights, provided that buyers remain active and new headlines support the growing excitement for hype and USDH.

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