$HYPE fundamentals remain strong, backed by Hyperliquid’s real trading activity, protocol fees, growing ecosystem, and fee-funded buyback mechanism, while upcoming unlocks remain an important supply-side risk. Technically, HYPE is trading around the $89 area with momentum currently mixed, as RSI remains near neutral and short-term indicators are not yet showing a clean breakout signal. The $87–$88 zone is an important support area, while a sustained move above $90–$95 with strong volume could strengthen the bullish structure. Overall, HYPE has a strong fundamental story, but confirmation and volume are key before chasing the next major move.
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