According to CoinMeta, Hyperliquid ( HYPE ) traded above $58 on Wednesday, continuing its second consecutive day of rebound, with buyers aiming to break through the psychological barrier of $60. The native token of this decentralized exchange maintains a broadly bullish technical structure above the main moving averages, and momentum indicators are also improving, with no signs of an overrebound. The policy center of Hyperliquid and Trade [ XYZ ] jointly submitted a comment letter in response to SEC's proposal for modernizing the initial public offering process, emphasizing at least five Trade [ XYZ ] pre- IPO permanent market pricing histories. These markets can provide transparent and continuously updated price signals before the company's shares begin to trade publicly. Policy organizations of Hyperliquid stated that American investors are unable to access the pricing opportunities available to traders in other jurisdictions. Currently trading at around $58.73, it maintains a constructive technical outlook and is above the 50-day, 100-day, and 200-day exponential moving averages.