Hyperliquid Crisis: Support Line Hangs by Thread Amid Short Selling Dominance

Hyperliquid faces its most critical test yet as short sellers pile on pressure.

The Perfect Storm

Support levels that once seemed solid now look increasingly fragile. With bears firmly in control, every technical indicator screams danger. The platform's native token battles overwhelming selling pressure that shows no signs of abating.

Breaking Point

Critical support zones that held through previous market turbulence now appear ready to collapse. Trading volumes tell a grim story - the shorts are winning, and they're not letting up. Market makers who promised liquidity during crises suddenly remember urgent appointments elsewhere.

Last Stand

The current price action suggests we're witnessing either the final defense or the beginning of a much steeper decline. Technical analysts point to multiple breakdown signals flashing red simultaneously. Meanwhile, the usual 'this is fine' crowd continues buying the dip - because what could possibly go wrong when everyone's betting against you?

When your only support comes from people who think 'technical analysis' is something their horoscope does, maybe it's time to reconsider your investment thesis.