HYPE Struggles to Break Resistance as HPC Seeks EU Clarity on Perpetual Futures

Hyperliquid's HYPE token struggled to break above resistance at $90.95-$91.11, hovering around $88.45 on October 1st.

This price point is roughly 9.6% below the daily chart peak of $97.88. The Relative Strength Index (RSI) stood at 52.58, below its moving average of 61.17.

HYPE's recent decline followed a recovery from around $85 on the 4-hour chart, with the token rebounding above $90 before selling pressure pushed it back down to $88.46.

The Hyperliquid Policy Center (HPC) has been pressing European regulators to classify perpetual futures under existing derivatives rules, arguing that products should be treated based on their economic features rather than blockchain use.