Hyperliquid: Burns Another $1.06M in HYPE

Hyperliquid burned another $1.06 million worth of $HYPE tokens in the last 24 hours, according to Onchain Lens.

Price sits at $76.94 inside the Bollinger Bands with lower support at $76.56 and upper resistance at $79.36. The 50-EMA at $81.01 and 200-EMA at $83.87 cap upside while RSI at 37.34 stays neutral and MACD at -1.48 shows a bullish golden cross. Traders watch for a quick test of the lower band before any relief rally toward the 50-EMA resistance.