Hyperliquid Price Breaks Key Resistance as $1B Fundraising and IPO Plans Gain Traction

Hyperliquid's price surged by 11.91%, exceeding the 200-day SMA to reach $39.02 due to renewed investor optimism. The rally is fueled by institutional participation and whale activity, with traders eyeing the $41.76 resistance as a breakout point signaling a trend reversal. Hyperliquid Strategies Inc.'s SEC filing to raise $1 billion through a public offering via a merger is the catalyst. The funds will be used for ecosystem expansion and HYPE token accumulation, bridging DeFi and traditional markets. The entity plans to become a publicly traded crypto treasury management firm, indicating institutional legitimacy. Analysts believe the buybacks and staking operations planned will further support the Hyperliquid price. The merger and fundraising are expected to have a lasting bullish impact, boosting confidence and signaling trust. Open interest is peaking above $2 billion, with traders anticipating further upside due to whale accumulation. A decisive close above $41.76 could confirm a new rally phase for Hyperliquid. This move positions Hyperliquid as a key bridge between DeFi and traditional finance.