Hyperliquid: Burns 21K HYPE on $2.07M Fees

Hyperliquid generated $2.07M in fees and burned 21.08K HYPE tokens worth $1.16M in the last 24 hours, lifting cumulative burns to 46.10M HYPE or 4.61% of the 1B max supply.

Price sits at $55.27 inside the Bollinger band with upper resistance at $60.98 and lower support at $52.51. The EMA50 at $57.92 and EMA200 at $61.89 act as firm overhead resistance while MACD remains in death cross territory at -1.06. RSI at 40.43 shows neutral momentum, so any test of the upper band likely triggers a retracement toward the 50-EMA before the next directional move.