Hyperliquid: Burns $1.75M HYPE in 24 Hours

Hyperliquid bought and burned 21.79K HYPE at an average price of $80.27, removing $1.75M from circulation in the last 24 hours according to @OnchainLens. Lifetime burns now stand at 49.69M tokens, or 4.97% of the 1B max supply, with estimated 24h fees at $1.65M.

Price trades at $81.68 inside the Bollinger band with upper resistance at $81.92 and lower support at $76.8. The structure remains bullish as price holds above the EMA50 at $80.78 while the EMA200 at $84.24 caps upside. MACD registers a golden cross at 0.27 and RSI sits neutral at 59.12. With price pressing the upper band, a measured retracement toward the 50-EMA support at $80.78 offers the next high-probability entry before any extension higher.