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Hyperliquid (HYPE) Price Prediction: $100 Target in Play as Price Discovery Mode and Rising TVL Boost Confidence

  • Analysts are eyeing a $100 price target for Hyperliquid (HYPE) due to strong technical support levels and growing momentum.
  • Hyperliquid's technical outlook shows key support levels around $39.10 to $38.22, with potential upside resistance at $41 to $42.
  • Hyperliquid's total value locked (TVL) surged 108% to $1.46 billion, propelling it into the top 10 DeFi chains with significant potential for capital efficiency.
  • Despite broader market weakness, Hyperliquid is in price discovery mode aiming for $100, outperforming Bitcoin with a 50.9% year-to-date gain.

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