Hyperliquid (HYPE) is undergoing its first major correction after posting one of the strongest rallies in the cryptocurrency market this year. Following a surge that briefly pushed the token close to the $75-$76 range, selling pressure intensified, sending HYPE back toward the critical $58 support level. The latest pullback has shifted traders attention to the 100-day exponential moving average (EMA), currently near $57. This technical level acted as reliable dynamic support throughout HYPEs previous rally and is now being tested for the first time since the breakout. Holding above this zone… Read more
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