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HYPE Hyperliquid native token HYPE hits record high
According to data from CoinMarketCap, the decentralized exchange Hyperliquid native token HYPE has hit an important milestone and its price has reached a new high. This achievement places it among the top ten cryptocurrencies by market capitalisation in the world, with a current price of US$89.92.
Can HYPE break the US$100 mark?
As the crypto market as a whole seeks direction, HYPE's rising momentum is becoming more and more obvious. Tech Charts analyst Aksel Kibar confirmed that the daily chart showed a classic bullish pattern. So far, the breakthrough, correction and continuation models have been successfully completed, further consolidating the intensity of the trend.
HYPE entered the price discovery stage after surpassing its previous peak of approximately US$89.69. Historically, this area has often been an area with limited selling pressure. Kibar's medium-term target is $100.5, while buyers 'key defensive line is $76.6, a position that has previously constituted strong resistance.
Market tracking has become particularly important after major technological breakthroughs. Investors are looking for similar efficiency gains as traditional products migrate to blockchain, marking a major transition from Wall Street to Web3. Platforms such as 1stepSwap allow investors to hold stakes in large U.S. companies, as well as gold and silver, directly in crypto wallets. This innovation enables the transaction of real-world assets on the blockchain, instantly locating the best market price and eliminating middleman links.
What are the factors driving market momentum?
Strong liquidity is a key factor behind HYPE price fluctuations, with daily trading volume exceeding US$1.58 billion. As a result, its market value soared to $22.61 billion. Such success has helped Hyperliquid rise to the top ten in the world, surpassing Dogecoin's ranking.
In the long run, the deflationary structure on the demand side of the network is a very attractive factor. The system uses approximately 99% of DEX transaction fees to buy back HYPE tokens on the open market and subsequently destroy them. This supply-reducing mechanism supports price movements while demand remains strong.
- HYPE prices hit a new high of $89.92.
- Strong liquidity, with trading volume exceeding US$1.58 billion.
- The market value reached US$22.61 billion, ranking among the top ten cryptocurrencies.
- The market is full of expectations for the potential target price to exceed US$100.5.
The current chart structure shows that buyers still dominate. Without significant technical disruption, retesting the area above $100 in the next few trading days remains the focus of the market's attention.
