Hyperliquid’s native token, HYPE, is going through a correction in the past couple of days after charting a new all-time high at almost $46.
At the time of this writing, the cryptocurrency is trading below $37, marking a decline of around 20% in the past 48 hours.
Source: Hyperliquid
How Low Can HYPE’s Price Go?
Many have taken to X to speculate on the ongoing correction. Some traders outline the serious nature of the move and predict prices as lo as “low-mid 20’s.”
Commenting on the matter was also Altcoin Sherpa, who said:
“HYPE is pulling back a bit, I think that this thing goes to low $30s if BTC continues to bleed and chop around. Still, it’s 1 of the best coins this cycle and I think it’ll eventually go much higher. I’ll still keep a bunch of it staked for now.”
Byzantine General also chipped in on the matter, outlining the importance of the long-term trendline that started forming in April. He’s of the opinion that breaking below this trendline won’t be a
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