HYPE Price Eyes $90 After Hyperliquid Activates AQAv2 Buybacks

Key Insights:

• Hyperliquid reportedly plans to buy back and possibly burn more HYPE price after activating AQAv2.
• The move may boost HYPE crypto confidence, possibly propelling it higher.
• Wintermute draws down its HYPE short exposure.

HYPE price just pulled off a new historic top in the last 24 hours and could be poised for more price discovery. This is despite being oversold, and this could be due to the possibility of declining supply and buyback-driven demand.

HYPE price pulled off an impressive 43% rally last week. However, its momentum has notably cooled this week, as evidenced by its consolidation near its recent high over the last 4 days.

Despite this, the HYPE price still favored the bulls. It managed to push higher, securing a new ATH at $83.73.

HYPE price was already high in overbought territory at press time. Despite this, recent developments reveal why it may overcome incoming profit-taking and possibly push towards $90 and above.

Hyperliquid Opens the Door for Buybacks, Which Could Sustain HYPE Price Bulls

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