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Hyperliquid (HYPE) Price Prediction: Momentum Fades as Technical Breakdown Eyes $28 Support
Hyperliquid (HYPE) Price Prediction: Momentum Fades as Technical Breakdown Eyes $28 Support
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Hyperliquid's recent price action signals a potential trend reversal. The token has broken below its 4-hour Ichimoku cloud—a key support level that held firm during its ascent from $15. Analysts now watch the $40 level as a critical threshold for bullish confirmation.
Current trading NEAR $34 reveals mounting pressure, with $31.50 emerging as the next technical support. Nearly $100 million in long positions between $30-$33 could either cushion the fall or amplify liquidations if the downtrend accelerates. Market participants await either a swift recovery above $40 or further downside toward the $28 support zone.
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