Markets· ★★· bearish·

HYPE Gives Back 10% From ATH in Three-Way Support Test

  • —HYPE is more than 10% below its all-time high
  • —$87-$88 combines three chart references
  • —Next support sits at $79-$80 near the 38.2% Fibonacci level and 50-day SMA
  • —Hyperliquid generated about $71.1 million in fees over 30 days
Why it matters: Holding $87-$88 keeps HYPE's uptrend structure intact, while a break opens the door to $79-$80 and deeper correction risk.
Source: Coindoo