Hyperliquid’s internal ‘Assistance Fund’ has permanently burned over $1.36 billion worth of its HYPE token, reducing total supply by 4.17%. Analysts note the token’s price is showing a bullish technical structure, having broken out of a falling wedge pattern. Momentum indicators are strengthening, with the price advancing toward key resistance levels while defending critical support zones.
The Hyperliquid protocol has permanently removed 4.17% of its HYPE token supply through an internal mechanism called the Assistance Fund. This fund has deployed more than $1.36 billion to acquire and burn tokens, a process aimed at increasing scarcity.
The token’s price action shows a bullish structure following a falling wedge breakout. According to a technical analysis, the price is advancing toward resistance between $35 and $37.
Momentum toward the $40–$42 and $48–$50 levels is building if current strength holds. A confirmed breakout above the $55–$60 supply zone could open a path toward the $80–$100 range.
The bullish case remains valid as long as the price stays above the $25–$26 support area. Deeper support is seen at the $21–$22 level.
Technical indicators are signaling strengthening upside momentum. The RSI (14) is at 56.38, indicating increasing buying pressure above the midpoint.
The MACD indicator is also showing positive signals, moving into positive territory. This aligns with the broader chart pattern suggesting a potential bullish continuation.
