Hyperliquid (HYPE) Price: Whales Accumulate and 24/7 Stocks Goes Live – What’s Next?

TLDR

• HYPE is trading at $55.39 after reclaiming key moving-average support, with bulls eyeing a $57 target
• Analyst BATMAN says HYPE rebounded from its three-day moving average and reclaimed a previously broken support level
• A whale purchased $7.29 million worth of HYPE on Coinbase, signaling large-scale accumulation
• xStocks launched tokenized stocks and ETFs on Hyperliquid, offering 24/7 access to traditional market assets
• Hyperliquid burned $1.07 million in HYPE tokens in 24 hours; total burned now stands at 47.62 million tokens, or 4.76% of max supply

Hyperliquid’s HYPE token is showing renewed strength after bouncing back from its three-day moving average. At the time of writing, HYPE is trading at $55.39, up 1.5% in the past 24 hours, with a market cap of $13.96 billion and trading volume of $252.9 million.

Crypto analyst BATMAN noted on X that HYPE has reclaimed a previously broken support level after rebounding from moving-average support. Price is now retesting that reclaimed zone, which is seen as a key area for determining whether the recovery holds.

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