Hyperliquid Surges 11.8% as Token Burn Approval Sparks Rally Toward $40
Hyperliquid’s HYPE token surged 11.8% to $25.14 following token burn approval, shifting market structure higher. ADX at 35.87 indicates genuine trend strength, with bulls defending support at $22.22 and eyeing resistance cluster near $31-$36. Traders question if bounce will lead to sustained recovery or encounter resistance.