According to Cryptofrontnews, Hyperliquid ($HYPE) has shown resilience, falling only 5% compared to over 20% declines in Bitcoin, Ethereum, Solana, and Chainlink. Analysts note a corrective ABC pattern in technical charts, with key support at $27–$30 and resistance at $48.50. Whale selling and upcoming unlocks have fueled FUD, but $HYPE remains stable near its baseline. Analyst DC reports that Bitcoin fell 17.2%, Ethereum 21.2%, Solana 20.1%, and Chainlink 30% over three months. More Crypto Online highlights a five-wave impulse sequence and ongoing consolidation in Wave C, with potential targets at Fibonacci retracement levels.
Hyperliquid Outperforms Major Cryptocurrencies Amid Market Downturn
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