Is It Too Late To Buy HYPE? Hyperliquid Price Pumps 14% And This Might Be The Next Crypto To Explode
The Hyperliquid price jumped 14% in the last 24 hours to trade at $12.15 as of 12:29 a.m. EST on trading volume that skyrocketed 146% to $434 million. Hyperliquid Price Shows Bearish Momentum Near Key Fibonacci Support The HYPE price is experiencing a strong bearish trend, breaking below key Fibonacci levels. The Hyperliquid price chart shows a retracement from the $35.52 high, with price action now sitting around the 0.618 Fibonacci level ($19.79). This is a crucial support zone because the golden ratio (0.618) is often seen as a reversal point. However, a clear breakdown below this level increases the likelihood of testing the 0.786 level at $15.51. Additionally, the price of HYPE is trending below the 50-day Simple Moving Average (SMA) at $23.41, confirming that sellers are in control. The Relative Strength Index (RSI) at 33.75 is indicating increasing selling pressure, but being near 30 suggests a possible bounce. However, if the RSI dips below 30, it could signal further dow...