Hyperliquid: Burns $1.11M HYPE in 24 Hours

Hyperliquid torched roughly $1.11 million worth of HYPE over the last 24 hours.

The protocol also directed $1.16 million in revenue to the Assistance Fund, lifting cumulative burns to 46.22 million HYPE tokens valued at $2.56 billion and representing 4.62 percent of the one-billion-token maximum supply.

At the current $55.39 print, HYPE sits inside its Bollinger Bands with the upper resistance at $55.99 acting as the near-term volatility target while the lower band at $50.57 marks short-term support; the EMA50 at $54.59 functions as concrete structural support and the EMA200 at $59.9 remains the longer-term cap. The MACD golden cross at 0.38 keeps the broader trend bullish even though RSI at 62.07 shows no overbought pressure, pointing to a likely probe of the upper band before any healthy retracement toward the 50-EMA. Traders tracking HYPE price prediction amid ongoing token burns should monitor this confluence closely as it shapes near-term flows.