Hyperliquid policy institutions and chain trading participants trade [XYZ] have submitted a letter of opinion to the United States SEC proposing a regulatory framework for a “pre-market sustainable market”. Such products allow traders to trade in their expected valuations in directions before the company is officially listed, but do not amount to holding pre-market shares.
The article shows that the submitting party responded to the SEC ' s request for advice on the modernization of the first open-source process. Hyperliquid stated that there were at least five permanent pre-market markets with a full life cycle running on the platform that could provide price reference and historical samples for similar products.
Proposition pre-market price discovery
Hyperliquid argues that United States investors are currently unable to comply with the pre-market price trading opportunities available in some of the overseas markets, which can provide more transparent price signals before the company is officially listed.
For example, a pre-market market for SpaceX, which had been traded in the vicinity of $135 at a market price of $150, could have pre-reflected investors ' expectations for valuation. The submitting party thus argued that if the SEC established new rules, both investors and issuers could benefit from earlier price discovery.
However, these products themselves are associated with a higher risk, especially when they are directed towards the diaspora. Potential problems include leverage magnification, limited disclosure of information, unstable valuation bases and greater vulnerability to price manipulation before open market data appear.
HIPE rebounded for two days in a row.
At the time of the news, Hyperliquid's original currency, HYPE, had risen on Wednesday to the vicinity of 58.73 United States dollars, and the second trading day had rebounded. According to the report, the market is looking at whether it can break further the integer threshold of $60.
From the technical location quoted in the text, the hype is still on the 50-day, 100-day and 200-day index moving average, and short-line structures have not been destroyed. MACD has returned to the positive range, showing an increase in action; the relative strength and weakness indicator is about 56, indicating that the purchase is still in place but has not yet entered the usual over-purchase area.
$60 is still a short-line focus.
Short-line support is provided first on the 50-day mean line located close to US$ 58.33 and then on the 100-day mean line located close to US$ 56.76. The 200-day average in the vicinity of $51.68 would be a more critical medium- and long-term support position if the back-up were further expanded.
Above that, the downward line and the $60 area remain the main current drag. HYPE's rebound space may continue to be opened if this area is on the active station of the dayline; if it cannot be broken, the price may fall back to the middle of the average line below.