Hyperliquid's HYPE Token Sees 2.25% Gain, Eyes $100 Target

The native token of Hyperliquid, HYPE, has seen another day of gains, increasing by 2.25% in the past 24 hours to trade at $58.80.

This growth comes as market capitalization rose to $14.86 billion, representing 0.67% of the total crypto market.

Cryptocurrency analyst Cryptographic notes that HYPE's price is holding above a key support zone of $50 to $55, suggesting that buyers continue to maintain control following recent corrections.

The analyst predicts that if buying activity strengthens, HYPE could revisit $70 to $74 and potentially break through resistance in this area.