HYPE Token Seeks Support Amid Growing Ecosystem and Rising TVL

The Hyperliquid (HYPE) token is testing key support after a sharp rally, with bullish momentum still intact if buyers defend the current structure.

According to Crypto analyst Immortal's recent comments on X Post, he has placed bids for HYPE around the current support area and remains patient while waiting for those orders to fill through TxFlow due to its low fees.

The recent correction has brought the token closer to an important support region, with price now below the 20-day simple moving average at $82.44 and approaching the lower Bollinger Band near $76.12.

The Hyperliquid ecosystem is expanding, with a Total Value Locked (TVL) of $6.73 billion, having grown by 11.6% in the past 30 days.