Hyperliquid Price Prediction: Can It Hit $90 This Year?

The post Hyperliquid Price Prediction: Can It Hit $90 This Year? appeared first on Coinpedia Fintech News

Hyperliquid has been on a strong run lately. It is currently trading at $42.18, up 6.5% in the last 24 hours. It is up 23% this week, 68% over the past month, and an impressive 1200% in the last six months. 

Its technical indicators show a neutral sentiment with a slightly bullish tilt. Momentum indicators like MACD and Momentum show upward strength, while most moving averages are strongly bullish. Overall, the trend looks positive but cautious.

Hyperliquid has pulled in $64.8 million in revenue over the past 30 days, outpacing major players like Ethereum and Tron. What truly sets it apart is that 97% of its revenue goes into buying back HYPE tokens, directly rewarding holders. But despite its strong fundamentals, there could be a possible short-term pullback around $36 or even $30.

After HYPE’s recent move to $44, the unstaking on Hyperliquid remained low. MetamateDaz noted that the holders stayed calm and confident, which is rare during a price jump. Analysts note that HYPE is showing signs of a short-term pullback, and the dip could be a healthy reset after the recent run. With strong fundamentals, even if HYPE cools off, a quick recovery is likely.

despite the recent move to $44 on $HYPE

The unstaking queue on Hyperliqud remains relatively quiet

low convictions holders are running out of tokens