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Hyperliquid’s HYPE Token Shows Bullish Momentum Amid Market Surge
Hyperliquid’s HYPE Token Shows Bullish Momentum Amid Market Surge
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BTCCSquare news:
Hyperliquid's native token HYPE surged 6.57% in the past 24 hours, trading near $40 with a market capitalization exceeding $13 billion. The rally reflects growing investor confidence in Hyperliquid's decentralized trading platform and on-chain perpetuals.
A bullish engulfing candlestick pattern emerged on weekly charts, signaling potential continuation toward its all-time high of $46. Analysts project steady July gains, with a possible breakout toward $48-$50 if buying pressure sustains.
Trading volume jumped 16.98% to $279 million, underscoring heightened market participation. The technical setup suggests the recent consolidation phase may be concluding as buyers regain control.
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