Hyperliquid Enters Downtrend Amid Market Uncertainty
Hyperliquid's performance has faltered in recent weeks, with its market structure breaking down on the daily timeframe. The token, currently priced at $39.81, reflects a 5.73% decline, signaling potential trouble ahead.
Technical charts suggest a looming bearish phase for Hyperliquid, raising questions about its ability to capitalize on any upcoming altcoin season. Market participants are closely watching for signs of recovery or further deterioration.