Hyperliquid Price Prediction: HYPE Eyes $60 as Derivatives Activity Stabilizes

• HYPE eyes $60 as buyers challenge the 200 EMA resistance near $58.
• Elevated Bollinger readings suggest HYPE could face a short-term pullback.
• Rising spot inflows and treasury demand strengthen HYPE’s broader outlook.

Hyperliquid’s HYPE token has regained momentum as buyers push the price toward a critical technical barrier. HYPE trades near $57.21 after gaining 4.55% over the past 24 hours. The token also holds a 1.56% gain over the past seven days.

Trading volume has reached nearly $294 million, showing strong market participation. Its circulating supply stands near 220 million HYPE, giving the token a market value above $12.7 billion. However, the latest recovery faces an important test near the 200 EMA. A decisive move above that level could strengthen bullish sentiment and improve the outlook toward $60.

HYPE Approaches a Major Breakout Zone

HYPE rece…

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