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Hyperliquid Eyes Bullish Reversal as TVL Surges Over 80%
Hyperliquid Eyes Bullish Reversal as TVL Surges Over 80%
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BTCCSquare news:
Hyperliquid's price resilience at $35.34 signals a potential bullish reversal, with analysts eyeing targets of $45.91 and $50 amid rising buying pressure. The token's Total Value Locked (TVL) has skyrocketed by 80% in three months, climbing from $353 million to $1.73 billion—a testament to growing user trust and adoption.
Market sentiment has shifted as Hyperliquid breached $36, establishing a new support level at $34. This upward momentum aligns with broader capital inflows into DeFi, where TVL growth reflects renewed institutional and retail interest. Data from DeFiLlama underscores the protocol's accelerating traction, with staking activity and deposits painting a clear picture of confidence.
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