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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