What Impact Will Hyperliquid’s Surge Have on the Crypto Market?
Hyperliquid has recently catapulted from a modest $6 valuation to an impressive $47 within a short span of months. Nevertheless, it now encounters formidable resistance in the $48–50 area, a zone previously characterized by rejection during prior price movements. This raises the question of whether Hyperliquid can maintain its upward momentum, or if a corrective decline towards the $39 support level is on the horizon.
The cryptocurrency’s market value stands at $15.79 billion, while its fully diluted valuation has reached $47.28 billion, a testament to its rapid rise. However, the impending unlocks of tokens worth approximately $14.66 billion introduces a significant risk to price stability. The release of these tokens could enlarge…
