Hyperliquid (HYPE) Price Shows Potential Reversal: Could $59 Be in Sight? Here’s Why

Hyperliquid (HYPE) price signals a possible market turnaround. This large-cap altcoin, boasting a fully diluted valuation of approximately $33 billion, has witnessed increased activity from crypto traders reflected in its hefty 24-hour trading volume of around $457 million. 2023’s extreme market fear, as gauged by the CoinMarketCap Fear and Greed Index, currently hovers around 16/100 points. This surge has propelled HYPE to trade above $33 at current price levels – a gain of over 10% today.