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TronWeekly

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HYPERLIQUID (HYPE) Holds Above $35 After Massive Rally, Technicals Signal Bullish Trend

  • HYPERLIQUID (HYPE) has seen a significant rally, with its price surging from $10 earlier this year to above $35.
  • Indicators suggest a temporary cooling off period in the bullish market trend, despite positive on-chain reports showing more buy transactions than sells.
  • The recent consolidation phase near recent highs indicates continued strength, although overbought signals could lead to a short-term slowdown according to the 4-hour chart analysis on TradingView.
  • On-chain data supports the bullish outlook, with the price hovering above $35 and showing potential for further increase if it maintains this level, backed by increasing buy orders.

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