The post HYPE Price Shows Potential for $64 Target if Support Holds appeared on BitcoinEthereumNews.com. Key Insights: HYPE could reach $64 if the red support line remains intact in the descending channel. Hyperliquid’s active buyback strategy reduces supply, potentially boosting $HYPE’s price over time. HYPE’s growing ecosystem and high trading volume could drive further adoption and support price growth. HYPE Price Shows Potential for $64 Target if Support Line Holds Steady Hyperliquid price is showing signs of potential growth. If the current support holds within its descending channel pattern, analysts believe the token could reach a target price of $64. HYPE Price Performance and Market Behavior According to Don’s analysis, maintaining this support level could pave the way for upward movement toward the $64 target. If the market conditions remain favorable and the support is sustained, $HYPE could see a significant price increase in the near future. The prediction aligns with ongoing market movements and follows a trend that many traders are closely monitoring. Upward Movement | Source: X As of the latest market data, HYPE’s price is currently at $39.31, with a 24-hour trading volume of over $417 million. The token has experienced a 2.09% increase in the last 24 hours. Analyst DonaldsTrades has projected a potential price target of $64 for Hyperliquid’s $HYPE token, provided the red support line within the descending channel pattern holds steady. Token Deflation and Buyback Strategy Recent reports show that the Hyperliquid platform has been actively buying back HYPE tokens. In the past 24 hours, 71,430 HYPE tokens were repurchased at an average price of $37.99. At the same time, rewards distributed to stakers and validators amounted to 26,358 HYPE tokens. This indicates that 45,072 tokens were deflationary during this period. HYPE Buybacks and Deflationary Measures | Source: X This deflationary model could have a positive effect on the token’s price over time. With reduced supply in the… The post HYPE Price Shows Potential for $64 Target if Support Holds appeared on BitcoinEthereumNews.com. Key Insights: HYPE could reach $64 if the red support line remains intact in the descending channel. Hyperliquid’s active buyback strategy reduces supply, potentially boosting $HYPE’s price over time. HYPE’s growing ecosystem and high trading volume could drive further adoption and support price growth. HYPE Price Shows Potential for $64 Target if Support Line Holds Steady Hyperliquid price is showing signs of potential growth. If the current support holds within its descending channel pattern, analysts believe the token could reach a target price of $64. HYPE Price Performance and Market Behavior According to Don’s analysis, maintaining this support level could pave the way for upward movement toward the $64 target. If the market conditions remain favorable and the support is sustained, $HYPE could see a significant price increase in the near future. The prediction aligns with ongoing market movements and follows a trend that many traders are closely monitoring. Upward Movement | Source: X As of the latest market data, HYPE’s price is currently at $39.31, with a 24-hour trading volume of over $417 million. The token has experienced a 2.09% increase in the last 24 hours. Analyst DonaldsTrades has projected a potential price target of $64 for Hyperliquid’s $HYPE token, provided the red support line within the descending channel pattern holds steady. Token Deflation and Buyback Strategy Recent reports show that the Hyperliquid platform has been actively buying back HYPE tokens. In the past 24 hours, 71,430 HYPE tokens were repurchased at an average price of $37.99. At the same time, rewards distributed to stakers and validators amounted to 26,358 HYPE tokens. This indicates that 45,072 tokens were deflationary during this period. HYPE Buybacks and Deflationary Measures | Source: X This deflationary model could have a positive effect on the token’s price over time. With reduced supply in the…