Hyperliquid Strategies Inc. announced a plan to form a digital asset treasury valued at $583 million in collaboration with Sonnet BioTherapeutics and Rorschach. This strategy aims to bolster the value of the Hyperliquid (HYPE) token, pushing it towards $50 resistance following its recent performance. Analysis indicates that the price may rally if it finds support around $45.80, with bullish momentum potentially driving it up to $60. Conversely, a decline below the 20-day exponential moving average at $42.93 could weaken the bullish outlook, signaling a possible correction to around $41. Investors are keen to see if HYPE can break through the $50 barrier, which would suggest increased buying sentiment.

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