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Hyperliquid price surges to all-time high with TVL crossing $2 billion
- Hyperliquid (HYPE) price reaches an all-time high above $44, with a rally of over 11% in the last 24 hours and over 25% in the past week.
- Total Value Locked (TVL) for Hyperliquid crosses $2.24 billion, showing a 7% increase in TVL within 24 hours.
- Bullish catalysts for HYPE include innovative DeFiLlama infrastructure and aggressive token buyback, contributing to the bullish outlook.
- The project's growing ecosystem and stablecoin architecture add to the positive sentiment.
- HYPE's open interest exceeds $2 billion, with derivatives volume jumping 29% to over $1.8 billion.
- Technical indicators like RSI and MACD suggest room for fresh gains, with a potential spike above $50 and a future run to $100.
- Profit-taking could lead to bulls defending price levels at $40 and $32.
- A whale holding a $HYPE long position with 4x leverage enjoys a floating profit exceeding $13.7 million as the price hits new ATH.
- HYPE's price surge coincided with a spike in TVL, fueled by a bullish setup indicating a possible breakout above $50.
- Key technical indicators suggest a bullish momentum, with potential for further price appreciation.
- HYPE's price could rally higher in 2025 with increased adoption of decentralized applications and financial incentives.
- The bullish scenario includes a run to the psychological $100 mark, supported by increased institutional interest.
- Hyperliquid (HYPE) continues to trend as one of the top coins in the market, with strong investor interest.
- Investors are optimistic about HYPE's price potential as it trades at all-time highs, with significant trading volume and institutional interest.
- The article originally appeared on CoinJournal.
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