Hyperliquid targets $58 resistance as retail demand strengthen
Key takeaways
- Hyperliquid gained 2% on Thursday after advancing nearly 3% in the previous session.
- Hyperion DeFi's HYPE holdings recorded a $31 million fair-value increase during the second quarter.
- HYPE futures Open Interest rose more than 4% to $2.38 billion, while trading volume jumped 45%.
Hyperliquid (HYPE) extended its recovery on Thursday as sustained corporate demand and improving derivatives activity supported bullish momentum.
The token gained approximately 2%, building on its nearly 3% advance during the previous session. HYPE is now approaching its 50-day Exponential Moving Average (EMA) near $58.37, which represents the next major obstacle to further gains.
A decisive break above this level could allow Hyperliquid to target the $62.58 supply zone.
Corporate treasuries maintain strong HYPE exposure
Corporate interest in Hyperliquid remains firm, with HYPE-focused digital-asset treasuries increasing their exposure while benefiting from the token's rising market value.
Hyperliquid Strategies held 17.60 million HYPE, up from 12.50 million in January. The market value of its holdings climbed from $703 million at the end of the first quarter to approximately $980 million in the second quarter.
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