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Hyperliquid's HYPE falls to $88.45 amid EU push to regulate perpetual futures under existing rules

Technical Signals
01 Oct 2026
Crypto news
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Neutral
Hyperliquid's HYPE falls to $88.45 amid EU push to regulate perpetual futures under existing rules

Hyperliquid's HYPE token traded near $88.45 on October 1, down 2.74% and about 9.6% below its recent peak of $97.88. The Hyperliquid Policy Center urged European regulators to classify perpetual futures based on their economic features under existing derivatives regulations, aiming to avoid a separate category for crypto contracts. Technical analysis shows resistance near $91 and support around $87.89, with the token's momentum cooling after a recent pullback. Meanwhile, Hyperliquid expands borrowing options and plans to launch US perpetual markets pending regulatory approval, signaling growth potential despite current price pressure.

Hyperliquid's HYPE token has a market cap of Rp397.96 trillion and a 24-hour trading volume of Rp20.05 trillion on Pluang as of October 1, 2026, 22:51 WIB. Despite the article noting a price near $88.45 with a 2.74% decline, on Pluang HYPE is up 2.42% at Rp1,579,892, with a buy order activity of 62%. The token's typical hold time on Pluang is 37 days, indicating steady investor interest amid regulatory developments and expansion plans.

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