The HYPE token, native to blockchain protocol Hyperliquid, has seen a bullish trend despite the broader collapse in the crypto market. While Bitcoin experienced a crash, it has since recovered. HYPE is currently trading at $23.28, with a market cap of $7.77 billion, making it the 19th-largest cryptocurrency by valuation. One of the reasons for HYPE's price stability is the project's rising fees and revenue. Hyperliquid has been ranked higher than Ethereum in terms of fees and revenue, although recent data shows ETH at 11th position and Hyperliquid at 14th. The HYPE token's Relative Strength Index (RSI) indicates that bears have taken control of its price action. The MACD indicator remains bearish, but the decreasing intensity of the histogram suggests positive price indications.



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