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Hyperliquid (HYPE) Price Prediction: Late Bloomer Cycle Sparks Optimism for $70 Breakout
As HYPE is entering a critical breakout zone, fueled by institutional buys and a deflationary model, many investors are getting increasingly optimistic about the possibility of breaking out above the $38.5 resistance level, potentially reaching prices as high as $70 in the near future.
The token has been accumulating for weeks, showing controlled pullbacks, and the latest surge in buying activity from prominent institutional investors like HYLP Strategy Corp is a strong indication that HYPE is about to enter its “Advance Phase” of the Late Bloomer cycle. This significant momentum shift could push prices upward as bulls gain confidence.
One of the most compelling aspects of this situation is HYLP’s strategic buying, which has been consistently adding more tokens to their portfolio at an average price of $37.12. This steady accumulation helps to absorb selling pressure and prevents bears from gaining traction, thus creating a strong floor for the token’s future growth.
On the other hand, HYPE’s unique deflationary model sets it apart from other cryptocurrencies. Unlike most tokens that inflate their supply to fuel ecosystems or unlock schedules, HYPE is actively reducing its supply day by day, indicating robust on-chain revenue and no unlock pressure.
Source: bravenewcoin.com
