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Hyperliquid Price Sharply Pulls Back After All-Time High: Is the HYPE Over?
Hyperliquid Price Sharply Pulls Back After All-Time High: Is the HYPE Over?
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Hyperliquid's recent rally has hit a snag as technical indicators flash warning signs. The ADX's rise to 21.41 suggests trend strengthening, yet remains below the 25 threshold for conviction. More telling is the bearish DMI crossover: +DI collapsed from 31.61 to 14.54 while -DI surged to 28 from 12.97—a clear power shift to sellers.
Momentum continues deteriorating with RSI plunging below 40, a stark reversal from Tuesday's 56.26 reading. The EMA structure still offers bulls technical cover, but the specter of a death cross looms. Should key supports fail, traders may face a deeper correction in this previously high-flying asset.
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