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coinpedia 2024-11-30 09:56:49

HyperLiquid Price Analysis: Airdrop-Fueled Rally Targets $0.1573

The post HyperLiquid Price Analysis: Airdrop-Fueled Rally Targets $0.1573 appeared first on Coinpedia Fintech News Over the past 24 hours, the HyperLiquid market price has increased by nearly 66%. The massive surge comes after the billion-dollar airdrop. The company has distributed 300 million HYPE tokens among its eligible community members. HyperLiquid. HyperLiquid aims to enhance the efficiency and performance of its DeFi applications. As a novel layer-1 blockchain, HyperLiquid maintains its main focus on performance and scalability. The main feature of the platform is its decentralized perpetual exchange services. It also provides decentralized exchanges that rely on off-chain order books. HyperLiquid has a development team from Harvard, Caltech, MIT, etc. Will the new breakout rally surpass the $0.10 barrier this weekend? Let’s find out in Coinpedia’s latest HYPE price analysis. Hyperliquid (HYPE) Price Performance In the daily chart, the price surge continues with an intraday gain of 14.20%, creating the second consecutive bullish candle. Compared to its 30-day low of $0.0118, the current market price has surged 527%. Tradingview Based on the HYPE token price action, the overnight surge leads to a bullish flag pattern breakout and results a positive crossover in the MACD indicator. Based on the pivot price standard, the bullish trend is expected to surpass the $0.10 psychological mark. The upside price targets are at $0.1236 and $0.1573. On the flip side, crucial support remains at $0.060 and $0.031. Will Solana witness a similar price run to $500 with the DeFi boost? Find out more about Coinpedia’s Solana price prediction . FAQs What triggered the HYPE token’s surge? A massive airdrop and a bullish flag breakout contributed to the 66% rally. What are the key levels for HYPE price action? Resistance at $0.10, with upside targets at $0.1236 and $0.1573. Support at $0.060. Does the technical setup favor further gains in HYPE? Yes, MACD crossover and bullish flag breakout signal strong upside potential.

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HyperLiquid Price Analysis: Airdrop-Fueled Rally Targets $0.1573

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