$HYPE is up 14.9% on the week while BTC is down 3.4%. That gap has a reason.
On Oct 29, ICE (the NYSE parent) announced a partnership with trade.xyz to bring Hyperliquid-based perpetual futures to the US, built on the HIP-3 framework and still subject to regulatory approval. HYPE ripped from the ~81 base to a 97.74 high within hours on its biggest volume of the week.
Since then it's been a slow bleed. Price sits at 88.20, about 10% under that spike, with the 24h range squeezed into 86.39–88.78 and today's volume running at roughly 0.6x the 30-day average. Momentum is cooling, but the move hasn't been given back.
Levels I'm watching:
• 86.4 – 24h low. Losing it opens the gap toward the 81 pre-news base
• 90–92 – where the post-news candles stalled. Reclaiming it with volume would be the first sign of strength
• 97.7 – the spike high
Worth remembering: "pending approval" is not "approved." HYPE can swing double digits in a day either way, so size accordingly.
Is the ICE news already priced in, or is this just a pause?
Not financial advice.
#Hyperliquid #PerpDEX #Crypto
On Oct 29, ICE (the NYSE parent) announced a partnership with trade.xyz to bring Hyperliquid-based perpetual futures to the US, built on the HIP-3 framework and still subject to regulatory approval. HYPE ripped from the ~81 base to a 97.74 high within hours on its biggest volume of the week.
Since then it's been a slow bleed. Price sits at 88.20, about 10% under that spike, with the 24h range squeezed into 86.39–88.78 and today's volume running at roughly 0.6x the 30-day average. Momentum is cooling, but the move hasn't been given back.
Levels I'm watching:
• 86.4 – 24h low. Losing it opens the gap toward the 81 pre-news base
• 90–92 – where the post-news candles stalled. Reclaiming it with volume would be the first sign of strength
• 97.7 – the spike high
Worth remembering: "pending approval" is not "approved." HYPE can swing double digits in a day either way, so size accordingly.
Is the ICE news already priced in, or is this just a pause?
Not financial advice.
#Hyperliquid #PerpDEX #Crypto
