Hyperliquid: Burns $2.65M HYPE in 24 Hours

Hyperliquid purchased and burned 32.77K HYPE tokens worth $2.65M over the past 24 hours at an $81.01 average price.

Price action shows HYPE at $80.67 holding above the EMA200 support at $74.98 while capped by the EMA50 resistance at $82.5. The MACD golden cross at -1.17 points to building bullish momentum even as the neutral RSI of 45.9 keeps near-term direction open. With the token inside the Bollinger bands, a test of upper resistance at $85.35 or a pullback toward lower support at $76.91 remains the next logical move. Supply contraction from the burn strengthens HYPE price prediction scenarios and improves blockchain tokenomics analysis amid ongoing crypto market volatility.