Hyperliquidity (HYPE), considered one of the most profitable cryptocurrency platforms, has experienced over an 8% drop in the past 24 hours and over a 24% drop in the past 7 days. Despite the decrease, strong project fundamentals and network revenue growth compared to Solana, Ethereum, and Radium have kept hopes alive for a price rebound. If Hyperliquidity can break the $14.65 resistance, the price could reach $20 or even $25.87. However, if selling pressure continues, a drop below $12 is also possible. The Relative Strength Index (RSI) is currently at 32.59 and has been oscillating neutrally since March 4th. This, along with high leveraged trading, has raised concerns about market manipulation and money laundering, reinforcing the downward pressure. The RSI, indicating price momentum, has remained below 50 for 9 consecutive days, confirming the weakness of the uptrend. Crossing the 50 level could signal a stronger price recovery. The Bollinger Bands Trend Indicator (BBTrend) has been in the negative range since March 5th, showing a dominance of sellers. Furthermore, short-term moving averages (20 and 50) are below long-term moving averages (100 and 200), indicating a continuation of the downward trend. Ultimately, if demand increases and technical indicators improve, Hyperliquidity could become one of the most attractive options for a strong bullish rally. However, until these signs appear, the market is advised to proceed with caution. On the real-time digital currency price page, you can monitor the prices of all tokens and cryptocurrencies live and instantaneously.
