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Hyperliquid (HYPE) Price Prediction: Solana-Like Rally in Play as HYPE Eyes Breakout Beyond $50

  • Hyperliquid (HYPE) is on the verge of a potential breakout that could push its price into triple digits, with $41 being a key resistance level to watch.
  • HYPE has been showing strong bullish momentum with consecutive green weekly candles and remains near the top of its range.
  • On-chain data indicates a notable drop in liquid supply for HYPE, which could accelerate any potential breakout above $41.
  • Analysts suggest that HYPE's price structure and supply dynamics are aligning for a bullish continuation, with comparisons being drawn to Solana's 2021 surge.
  • The growth in HyperEVM wallet addresses adds support to the bullish framework forming around HYPE.
  • Overall, the outlook for HYPE seems positive as it consolidates near resistance levels, with a potential breakout above $41 setting the stage for further upside potential.

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