$HYPE is up 5.30% near 65.87 as on-chain perpetuals volume picks up and Hyperliquid keeps gaining attention in decentralised derivatives.

This is a momentum trade for me, not a blind entry. As long as volume stays elevated and price holds above the breakout zone, buyers may keep targeting the recent highs.

A loss of momentum after such a strong move would be my signal to stay patient rather than chase. $HYPE