HYPE: CFTC Approves Perps Trading on Hyperliquid

HYPE surged after the CFTC approved perpetual futures on Hyperliquid, unlocking broader institutional access to the platform's onchain perps markets. The move follows months of regulatory clarity efforts between the CFTC and SEC on crypto derivatives. HYPE currently trades at $71.89 inside its Bollinger Band, testing upper resistance at $74.51 while the 50-EMA at $64.14 and 200-EMA at $53.17 anchor the bullish structure. With MACD holding a golden cross at 2.8 and RSI at 65.96, price action points to a measured extension higher once any pullback finds support at the 50-EMA before targeting the next volatility band.