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Hyperliquid (HYPE) Price Drops 16% as Sellers Take Control Beincrypto 15 uur geleden

Hyperliquid (HYPE) Price Drops 16% as Sellers Take Control 📉

Hyperliquid (HYPE) price plummeted by nearly 16% in 24 hours, reducing its market cap to $7.4 billion. Technical indicators suggest increasing control by sellers, with weakening BBTrend and DMI indicators pointing toward a bearish outlook.

The EMA lines indicate a possible death cross, potentially worsening losses if key support at $21.1 falters. Buyers could push HYPE toward $24.39 if momentum shifts, possibly leading to a breakout to $27.

DMI charts show ADX rising, signaling strengthening downtrends, with the -DI surpassing the +DI, indicating sellers' dominance.

The steep BBTrend decline suggests fading buying pressure, with risk of a reversal or deeper pullback. Key future sessions will dictate if the decline is temporary or the onset of a larger correction. EMA lines near a death cross could push HYPE to $20.1 or lower, unless buyers regain strength.

Bron: beincrypto.com ↗