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Hyperliquid (HYPE) Out: Multi-Day Uptrend Broken
Hyperliquid had been maintaining a clear 62-day uptrend, characterized by a respectable ascending trendline and a consistent series of higher lows.
Now that structure is broken, and the manner in which it broke is more important than the actual fact. Instead of drifting gradually, the price made a decisive move to break the trendline. That's not just consolidation; it's a change in power.
๐ธ Uptrend is in serious danger
The market instantly shifted into a weaker posture after the uptrend, which was serving as dynamic support, failed. As you can see, the most recent bounce printed a lower high than the most recent peak, which was in the mid-$40s, and was unable to recover previous highs.