The HYPE token, launched by Hyperliquid, has experienced a significant surge in the crypto market. It hit a new all-time high of $13.08, marking a 46.98% daily increase. With a market cap of $3.43 billion and a fully diluted valuation of $12.67 billion, HYPE has outperformed most tokens. Hyperliquid's blockchain platform for perpetual trading has also gained momentum, leading in trading volume and total value locked. The token's support and resistance levels are observed at $0.108 and $0.114, respectively. The Relative Strength Index (RSI) suggests price stability and potential momentum shifts, while the Moving Average (MA) indicates a steady upward trend. The Chaikin Money Flow (CMF) indicates positive capital inflows and strong buying pressure. Overall, HYPE's technical and fundamental indicators suggest a promising trajectory as the market matures.



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