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🚨 Hyperliquid (HYPE) Slips Below Key Support, Bearish Pressure Builds
• Price breaks descending triangle support → trend turns bearish 📉
• Multiple failed upside attempts put sellers in control
• HYPE at $63.32 (-7.25% in 24h)
• Volume: $1.56B | Market Cap: ~$16.04B 🔄
• Open interest down 2.78% → leverage cooling off
• Volume rising → spot-driven activity increasing
📊 Old support now acting as resistance as momentum weakens.