HYPEUSDT: Strong Channel, Bulls Aim HigherHyperliquid / TetherKUCOIN:HYPEUSDTDomicChainaHYPEUSDT is trading around $59.9, holding firmly above the EMA structure after extending its recovery inside the ascending channel. The backdrop is mixed but relatively supportive for HYPE. Fed hike expectations have fallen as US data softens, although rising Treasury yields and oil prices amid renewed US-Iran tensions are limiting broader crypto risk appetite. Hyperliquid itself continues to show strong activity, with roughly $13.1B in 24-hour perpetual volume according to DefiLlama. Technically, $57.0–$58.3 is the key support zone. If a pullback holds this area, I favor continuation toward $62.0–$62.8, near the upper boundary of the rising channel. A decisive break below $57 would weaken the bullish setup.