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Hyperliquid HYPE Price Falls to $22 as Whale Suffers $22.5M Loss

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HYPE
$25.343.99%
Hyperliquid (HYPE) price movement hit $22, down 17.7% weekly after failing to break $50 a month ago. The token is currently at $23.2, up 1.24% on the day. A whale lost $22.5M on a 5x long position, with liquidation at $13.68. Over $70M in longs was wiped out between December 18 and 19. RSI at 29 shows oversold conditions, but price analysis indicates downward momentum remains strong as HYPE stays below key moving averages.
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