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Hype Coin breaks $42 again as Hyperliquid hits $1.73B TVL
- HYPE token surpasses $42 for the fourth time in 2025, showcasing strong performance and market engagement.
- The surge in price is supported by institutional activity, whale accumulation, and rising protocol usage, leading to a TVL of $1.73 billion.
- The HYPE token is currently in price discovery mode, showing significant upward momentum indicated by on-chain and technical factors.
- Whale accumulation is evident through large transactions involving millions in USDC and SOL, indicating growing interest from high-conviction traders.
- Open interest on HYPE futures hits an all-time high of $1.89 billion, accompanied by increased platform fees and user activity.
- Technical indicators like RSI at 73.76 suggest short-term overbought conditions, with potential for corrections.
- MACD and BBTrend indicators signal bullish strength, but prolonged readings may precede price volatility or pullbacks.
- Current resistance for HYPE token is at $44.50, with a potential rally target of $50, while critical support levels are at $38 and $26.89.
- Hyperliquid ecosystem metrics, including TVL and daily fees, show significant growth, positioning it as a major DeFi protocol.
- With an annual revenue of $851 million and most of it allocated for token buybacks, the HYPE token's price floor gains strength.
- The fully diluted valuation (FDV) for HYPE now stands at $42.05 billion, solidifying its position as a valuable DeFi asset.
- The metrics indicate a deepening user base, growing institutional trust, and Hyperliquid becoming a major infrastructure layer in the DeFi ecosystem.
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