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Hyperliquid (HYPE) in Danger: Analysts Explain Why It Could Plunge in the Short Term


Hyperliquid (HYPE) in Danger: Analysts Explain Why It Could Plunge in the Short Term

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HYPE, the native token of DEX Hyperliquid, is trading around $55.50 per CoinGecko after a 22% monthly decline. Market observers expect further downside, highlighting near-term risk to token performance, DeFi adoption momentum and broader crypto market sentiment.

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HYPE – the native token of the decentralized crypto exchange Hyperliquid – currently trades at around $55.50 (per CoinGecko), translating into a major 22% decline on a monthly scale.

According to some market observers, conditions may even worsen from here, with expectations of a further downtrend.

Read the article at CryptoPotato

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$ 54.98

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In This News

Coins

$ 54.98

-4.01%

Predictions Markets

See what traders are focused on

View analytics →
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