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Hyperliquid Price Holds $55 Support, Eyes Recovery Toward $60
Hyperliquid Price Holds $55 Support, Eyes Recovery Toward $60
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BTCCSquare news:
Hyperliquid (HYPE) demonstrates resilience as it defends the $55 support level, setting the stage for a potential rebound toward $60. The token, currently trading at $56.06, reflects a minor 0.34% daily dip but maintains a 0.58% weekly gain. Market capitalization stands at $18.68 billion, with 24-hour trading volume cooling to $241.59 million—a 30% decline from recent activity.
Technical analysis reveals consolidation on the 4-hour chart, with $55 emerging as a critical demand zone. A sustained hold above this level could propel HYPE toward the $59.46-$60.07 resistance band, last seen during its all-time high surge. Breaching $60 may reignite bullish momentum, pushing the token into uncharted territory.
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