Hyperliquid (HYPE) is attempting to regain stability after suffering one of its steepest corrections of the year. Following a powerful rally that pushed the token above $75, HYPE experienced a nearly 30% decline over the past few weeks before finding strong support near the 200-day exponential moving average (EMA) at around $50. The successful defense of this long-term support level has sparked a recovery, with HYPE climbing back toward the $56 mark. While the rebound has improved short-term sentiment, technical indicators suggest the cryptocurrency is still navigating a corrective phase… Read more
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