Hyperliquid (HYPE) has dropped to $86.07 after peaking near $98. The price has fallen below the short-term moving average that had supported the rally since August, a level buyers had defended multiple times around $75. The RSI has fallen to around 50, confirming weakening bullish momentum, while volumes have declined throughout September. The next meaningful support zones are around $81 to $82, then near $73 and $61. To invalidate the breakdown, bulls need to reclaim the $88 to $90 area.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
