Hyperliquid / Tether
Long

Hyperliquid Eyes 12% Upside Target $52 Amid Bullish Momentum

63
Hello✌️
Let’s analyze Hyperliquid’s price action both technically and fundamentally 📈.

🔍Fundamental analysis:
Hyperliquid has earned $305.9M in fees since Dec 2024, with 97% going to buybacks removing ~333K HYPE each month. It now handles 70% of on-chain perpetual volume, processing $248B monthly. Strong demand from buybacks could continue.📊🔥

📊Technical analysis:
HYPEUSDT maintains a healthy short-term bullish trend 📈, supported by solid volume and a nearby daily support. If this zone holds, a 12% upside toward $52 is possible. Keep a close watch on price action and manage your risk 🛡️.


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