Hyperliquid: Pre-IPO Perps Volume Tops $500M

Hyperliquid Pre-IPO Perps (IPOPs) for $SPCX recorded more than $500 million in trading volume over the past 24 hours as participants price the pending Nasdaq listing. HYPE price prediction models now incorporate this derivatives flow as a leading indicator for broader crypto derivatives trading demand. At $60.49 the token sits above its EMA50 at $60.04 and well clear of the EMA200 at $56.38, confirming the bullish trend structure. Momentum remains balanced with RSI(14) at 55.83 while the MACD golden cross continues to support upside. Price currently tests the upper Bollinger Band at $61.73; any rejection here would likely target the EMA50 before continuation toward the next volatility band.