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I've been watching Hyperliquid for a while and honestly, the movement is interesting. Recently, it hit $46 and now it's around $41, so there's some pressure after that peak. What catches my attention is how it stays within that bullish channel that has been forming for months.
The price of BTC continues to set the overall market pace, but in these altcoins like HYPE, you see more volatility. Right now, it's approximately $40.91, and the million-dollar question is whether it will break upward or bounce back at the resistance zone.
Honestly, these levels are critical for defining market sentiment. If it maintains the channel support, it could be interesting to keep a close eye on it. If not, we might see more correction. Anyway, this is one of those moments where it's wise to watch how the market reacts in the coming hours.