
Hyperliquid (HYPE) Price Prediction: $55 Target in Sight as Buybacks and Revenue Growth Accelerate
After a powerful rebound from the sub-$38 zone, Hyperliquid is consolidating in a key demand zone following $4 million in daily buybacks. As revenue growth accelerates, participants are now eyeing a breakout toward the $54 to $55 range.
Following a robust rebound from around $37.77, which came right off a previous structural low, we see a continuation of this trend as part of a broader ascending trend since mid-year. A sustained break above the key resistance at $45.30 would open the path for Hyperliquid’s price to potentially reach the 1.272 ($54.92) and ultimately the 1.618 ($55.00) levels.
The recent surge in buybacks, which has become a recurring theme, is reinforcing the protocol’s position as one of the most active in the market. This steady activity not only reflects strong platform revenue generation but also signals consistent reinvestment into its ecosystem, underscoring participant confidence in HYPE.
The key watch now becomes whether price can reclaim and hold above the $45.30 resistance level, as a sustained break would initiate Hyperliquid’s ascent toward the previously outlined Fibonacci targets.
Source: bravenewcoin.com