Hyperliquid (HYPE) Breakdown Alert: Are the Bears Lining Up for a Drop to $20?

Hyperliquid (HYPE) Breakdown Alert: Are the Bears Lining Up for a Drop to $20?
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Hyperliquid is currently trading at $40.  
HYPE’s daily trading volume is up by 52%.

With the solid 3.44% drop in the crypto market, the bears have reinforced their position. The majority of the assets are in the red zone, visiting their former support.  Bitcoin and Ethereum are in a downtrend, currently trading at around $107.4K and $3.7K. Among the altcoins, Hyperliquid (HYPE) followed suit and posted a loss of over 3.04% in the last 24 hours. 
The opening price for Hyperliquid was at $42.96, and after the bears took control, the asset’s price was pushed to the $40.29 range. At press time, Hyperliquid traded at $40.49, with its market cap staying at $13.61 billion. Besides, the daily trading volume has increased by over 52.27%, reaching $516.21 million. The HYPE market has seen a 24-hour liquidation of $4.82 million. 
The Ali chart exhibits a potential Head and Shoulders formation on Hyperliquid, a bearish reversal pattern. If the price breaks below the neckl

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We współpracy z: https://thenewscrypto.com/hyperliquid-hype-breakdown-alert-are-the-bears-lining-up-for-a-drop-to-20/

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