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Most people are focused on the recent drop, but the bigger picture is still worth watching.
$HYPE is trading around the $55 level after falling nearly 12% from its recent high near $63. Even with this pullback, the overall trend still looks healthy.
Many traders believe HYPE can recover in the coming months, showing confidence has not disappeared after the recent correction.
From a technical view, the $52 to $54 area remains a key support zone. If buyers keep defending this level, it could become the base for the next move higher.
The first sign of strength will be a move above $58. A breakout above $63 could then lead to another strong rally.
On the fundamental side, Hyperliquid continues to stand out as one of the top decentralized perpetual trading platforms. Strong trading activity, growing adoption, and ongoing ecosystem growth keep it on the radar of many long term investors.
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