HYPE price has rebounded by 8.2% after defending its $51 support zone, rising to $55.60 and potentially putting the $60 level back within reach.
The token's recovery is supported by stronger capital inflows and a descending-channel breakout on the 4-hour chart.
A recent analysis notes that the rebound may be driven in part by Hyperliquid's fee-funded assistance fund, which has been purchasing HYPE on the open market.
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