HYPE price climbed above $56.80 as strong quarterly revenue, token buybacks, and rising RWA trading activity helped it rebound from the $51 support area.
Summary
- HYPE price gained 2.5% in 24 hours and traded about 3.7% higher over the past week.
- Hyperliquid generated $169 million in Q2 revenue, allocating $141 million to HYPE buybacks.
- The daily chart shows a potential breakout from a descending channel, but momentum is nearing overbought levels.
- Liquidation clusters at $57.20 and $55 could determine HYPE’s next short-term move.
HYPE price rebounds from $51 support
According to data from crypto.news, Hyperliquid (HYPE) price traded near $56.80 on Aug. 7,…
