Hyperliquid (HYPE) Rebounds Toward $93 Amid EU Regulatory Push

Recovery and Technical Positioning

HYPE traded near $93 on October 5, rebounding from its late-September low of $88.45 and approaching the $93.75 resistance level, according to TradingView's daily HYPE/USDT chart. The token remains below its recent $97.88 peak but has recovered most of the pullback seen in early October. Traders are watching whether a flag breakout pattern can extend the recovery toward $100 during October.

Regulatory Push in Europe

The Hyperliquid Policy Center has begun pressing European regulators to classify perpetual futures under existing derivatives frameworks rather than as a new asset class. A clear regulatory pathway could reduce uncertainty around how Hyperliquid's core product—decentralized perpetual futures—will be treated across EU member states. The timing of the regulatory engagement has coincided with the token's recovery, suggesting traders may view regulatory clarity as a bullish catalyst.

What Traders Are Watching

The near-term technical picture centers on whether HYPE can clear the $93.75 resistance and sustain a move toward the $100 level. The flag breakout pattern cited by chart analysts suggests potential upside if buying pressure holds, though traders remain alert to the possibility of a pullback to the mid-80s under sustained selling. European regulatory feedback over the coming weeks is likely to influence directional momentum.