HYPE Price Eyes $88 Next as Lion Group’s Treasury Shifts to Hyperliquid

TLDR

Hyperliquid’s native token, HYPE, has seen strong price movement following two key developments in the crypto market. The token broke out from a long-term consolidation pattern, gaining momentum as institutional players joined the ecosystem. With Lion Group reallocating part of its treasury and VanEck’s CEO showing support, the path toward the $88 price target is drawing more attention.

Breakout Pushes HYPE Above $53 With Roadmap to $88

HYPE reached a new all-time high of $55.13 before pulling back slightly to $53.64. The move came after a technical breakout from an ascending triangle formation, which had been forming since early summer. This pattern ended a prolonged sideways trend and created stronger price support above the $53 level.

The Fibonacci extension levels from the recent breakout show the next key targets at $60.04, $70.88, and $81.72. The final projected target for this cycle stands at $88. Technical data shows that the price remains above the breakout zone of $53.34, which could now act as a support level in the short term.

HYPE/USDT 1-Day Chart (Source: TradingView)

Volume has stayed consistent during the breakout. This suggests ongoing buying interest rather than a short-lived price spike. The trading chart also shows no major resistance between the current price and the $60 mark. The structure supports a gradual climb if momentum holds.

Lion Group Confirms Treasury Move Into HYPE

Lion Group, a Nasdaq-listed company, has confirmed a shift in its digital asset strategy. The firm is moving its treasury holdings away from Solana and Sui and reallocating those funds into HYPE. According to its latest public statements, the move is part of a long-term plan to optimize its portfolio.

The company stated it would accumulate HYPE through a phased approach. This strategy is designed to reduce buying costs while increasing its exposure to the Hyperliquid ecosystem. The decision to move away from Solana and Sui suggests a shift in preference towards newer or more active ecosystems.

This treasury shift comes as HYPE’s price climbs, suggesting that the company may be aligning its asset allocation with momentum in the market. The gradual nature of the purchases means that demand pressure may remain steady, which can help support price stability.

Institutional Support Grows With VanEck CEO’s Endorsement

Institutional backing for Hyperliquid appears to be growing. Jan van Eck, the CEO of global asset manager VanEck, recently said, “We are bullish Hyperliquid,” in a public statement. He confirmed that the firm has been involved in the ecosystem for several months.

VanEck is known for its active participation in emerging digital asset markets. The CEO’s statement adds weight to the belief that larger institutions are beginning to see value in the Hyperliquid platform and its token. Though details of VanEck’s holdings were not disclosed, the public support aligns with the increased interest in HYPE.

Together with Lion Group’s treasury reallocation, VanEck’s backing reflects a rising level of institutional involvement. This has helped to fuel broader market interest in the token. Traders now look to $88 as the next key technical target, supported by a mix of price structure and external validation.

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