$HYPE up call, target $98, invalidation $88.5.
ICE, the NYSE owner, is seeking approval for US perpetual futures with Trade[XYZ] built on Hyperliquid. HYPE closed at 89.04 yesterday after a 97.19 high and now trades at 93.42, pressing its September high of 98.06. Funding is 0.005% per 4h, so this isn't leverage paying for the move.
That leaves 88.5 as the line. Below it, I'm wrong.
Which comes first, $98 or $88.5?