$HYPE entered price discovery — now comes the confirmation.
HYPE reached ~$89.6, breaking above its previous ATH near $86.7.
Key levels: → $86–87: first support
→ $84–85: secondary support
→ $80–82: structure weakens below here
The bigger picture matters too.
#Hyperliquid ’s fee mechanism channels part of trading fees toward HYPE purchases through the Assistance Fund, with acquired tokens burned.
But leverage is elevated: futures volume is roughly 13× spot.
U.S. access could become another catalyst, but it remains a possibility — not an approval.
The key question: can $86–87 hold as support while activity remains strong?
#HYPE #Crypto #MarketStructure