Hyperliquid (HYPE) surged 3.48% in 24 hours to hit $89.55 after a $329 million OTC sale of 3.75 million HYPE tokens to one institutional buyer. This sale eased short-term selling concerns and allowed the token to outperform the broader crypto market. The token is now testing the key $89.6 level, but technical indicators suggest modest momentum with an RSI at 54.28 on the daily chart and a flattening OBV, indicating a possible consolidation phase. As long as HYPE can hold the $89.6 level, the $92-94 zone could come back into focus, while losing this support would keep the token in consolidation.
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