$HYPE jumped over 2% to about $87 after the CFTC cleared US equity perps. Hyperliquid's stock and commodity markets already held about $4.1B in open interest before the news. I'm leaning bullish, though the Cboe and Citadel lawsuit against the approval is a real risk. Support I'm watching is $78, where the 100-day EMA sits and price bounced twice. Resistance is near $88, with a trendline around $87.7. If $78 holds and we close daily above that trendline, the next level on my chart is the wick high near $98 from Oct. 29. I can't give a timeframe since I see no dated catalyst. A daily close below $75 and I'm wrong. Are you trading this move or waiting? 👀 #HYPE #Hyperliquid

Not financial advice.