Hyperliquid (HYPE) Holds Support, Resistance at $47.26 Eyes $50 Target

The Hyperliquid (HYPE) cryptocurrency is currently trading at around $44.89, showing a 1.8% daily gain. It’s holding its ground above the crucial support level of $43.49 while facing resistance at $47.26. This dynamic price action makes HYPE poised to potentially break through and reach the $50 target in the short term. Experts attribute this rise to growing DeFi applications and increasing institutional investments.