HYPE Price Prediction: Will HYPE Hit $50 After Sonnet Wraps $1B Digital Asset Merger?
HYPE Coin gains momentum as Sonnet’s $1B merger and Nasdaq listing approach, fueling speculation about a potential $50 price target.
HYPE Coin has been attracting attention following a recent recovery and the ongoing $1 billion merger by Sonnet. Another key event is the upcoming Nasdaq listing of Hyperliquid Strategies under the ticker $PURR.
These developments have fueled speculation about the future price of HYPE, with many now wondering if the coin could reach $50. Analysts are examining how Sonnet’s treasury plan and the Hyperliquid listing could affect HYPE’s price moving forward.
Technical Indicators Show Potential for Continued Price Growth
HYPE recently formed a double-bottom pattern near the $30 level, which often signals a price reversal. This pattern indicates that the coin could continue its upward movement after a strong rebound from the $30 demand zone.
Currently, HYPE is testing the key resistance level of $36.25. If HYPE successfully breaks above this level, analysts expect the price to reach $42.96 and potentially $50.
Double bottom rebound signals potential price surge toward $50,000. Source: TradingView
The coin has demonstrated strength by maintaining higher lows, which shows growing buying pressure. Each time the price approached the lower end of its range, it quickly bounced back, suggesting that buyers are eager to push prices higher. These technical signals provide a solid foundation for potential further price increases.
Hyperliquid Strategies’ Treasury Plan and Nasdaq Listing
Hyperliquid Strategies’ planned Nasdaq listing under the ticker $PURR is a significant development for HYPE. The company will operate as a treasury reserve, holding 12.6 million $HYPE tokens and $300 million in cash.
This listing is expected to offer public market investors regulated exposure to the Hyperliquid ecosystem, increasing visibility for the project.
The treasury reserve is designed to increase demand for HYPE by holding substantial assets. As more investors gain exposure to the project, the demand for HYPE tokens is expected to rise.
This, in turn, could push the price of HYPE higher, especially as the listing on Nasdaq boosts the coin’s legitimacy.
Related Reading: Hyperliquid DAT Approval Lifts HYPE Token Nearly 10%
Sonnet’s $1B Treasury Plan and Nasdaq Listing Boost HYPE Demand
Sonnet’s shareholders recently approved a merger that forms Hyperliquid Strategies, a Nasdaq-listed entity. This new group will hold 12.6 million $HYPE tokens and $305 million in cash, offering increased exposure and liquidity to the HYPE ecosystem.
The merger marks a key step in positioning HYPE as a more established digital asset, attracting attention from institutional investors.
The $1 billion treasury plan is another major factor driving growing demand for HYPE. This plan involves structured purchases of up to 2.6 million HYPE tokens, with an initial allocation of $265 million to provide a stable foundation for the coin.
The structured buybacks help reduce the overall circulating supply, which could put upward pressure on the price of HYPE in the coming months.
In addition to the treasury plan, Hyperliquid Strategies has filed to raise up to $1 billion. This filing is designed to boost investor confidence and give more liquidity to the HYPE market.
With the Nasdaq listing and robust treasury support, HYPE is positioned to benefit from both increased institutional involvement and a more stable market structure.
The post HYPE Price Prediction: Will HYPE Hit $50 After Sonnet Wraps $1B Digital Asset Merger? appeared first on Live Bitcoin News.
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