Hyperliquid: $1.28M HYPE Burned in 24 Hours

Hyperliquid burned roughly $1.28 million worth of $HYPE in the past 24 hours while generating $1.65 million in fees, according to on-chain data from @OnchainLens. All-time burns now stand at 47.53 million $HYPE tokens valued at $2.68 billion, equal to 4.75 percent of the 1 billion maximum supply.

Price action on the 4-hour chart shows $HYPE trading at $56.57 inside the Bollinger Bands with the upper resistance at $58.42. The EMA50 at $55.21 continues to act as immediate support while the EMA200 at $59.59 caps upside. MACD registers a bullish golden cross at 0.88 and RSI sits neutral at 61.31, suggesting continuation toward the upper band before any pullback to the 50-EMA. Traders tracking HYPE price prediction often monitor these exact levels for entries amid broader crypto market moves.