Strong Trendline Support Pushes Hyperliquid Toward 13 Percent Gain
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Hello
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Let’s analyze Hyperliquid’s price action both technically and fundamentally
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Fundamental analysis:
Approval of USDH on Hyperliquid could lock $6.1B daily stablecoin volume into HYPE’s ecosystem, boosting fees and token demand. Monthly buybacks remove ~1.76M HYPE, adding scarcity.
Technical analysis:
Hyperliquid is trading within a strong ascending channel, sitting near key support and the daily trendline. The setup suggests a potential upside of around 13%, targeting $65.
Using My Analysis to Open Your Position:
You can use my fundamental and technical insights along with the chart. The red and green arrows on the left help you set entry, take-profit, and stop-loss levels, serving as clear signals for your trades.
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