<ul data-eligibleForWebStory="false"><li>Hyperliquid's HYPE token has shown strong price action and built one of the strongest uptrends in the market, gaining over 300% since April.</li><li>The ecosystem actively recycles protocol revenue into token support, with over $1 million in HYPE sitting in reserves and automated on-chain support in place.</li><li>HYPE has gained recognition for its strong performance, being compared to major cryptocurrencies like BTC, SOL, and ETH, and outperforming them in percentage gains since January.</li><li>Technical analysis suggests HYPE could potentially reach $46 with a healthy setup for continuation higher, but a cautious view highlights a head-and-shoulders pattern forming on the daily chart that participants should monitor.</li></ul>

Hyperliquid (HYPE) Price Prediction: Uptrend Intact as Deflationary Model and TA Align for Next Leg Towards $46

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