HYPE token surged 23.24% in 24 hours to hit $71.22, driven by Donald Trump’s announcement that the CFTC is working to bring the token into the U.S. through a compliant regulatory framework. The RSI reached 73.90 on the daily chart and 84.80 on the 4-hour chart, indicating overbought conditions and a high probability of a near-term correction. As long as HYPE holds around $70, it can maintain its bullish structure and retest the $74 resistance level. A break below $65 would weaken the current setup and increase the risk of consolidation towards $60.
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