HYPE Price Teeters Amid Weak Technicals and Soaring Liquidations
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Highlights
- HYPE price has crashed into a bear market after plunging by over 40% from the YTD high.
- It recently moved below a key support and invalidated the megaphone pattern.
- Hyperliquid network is losing market share to other newer perpetual futures exchange.
HYPE price has crashed by over 40% from its highest point this year amid the ongoing crypto market plunge. This plunge my accelerate as Hyperliquid market share shrinks and as liquidations remain at an elevated level.
Frequently Asked Questions (FAQs)
1. What is the most likely HYPE price prediction?
Technicals suggest that the HYPE price may continue falling in the near term after invalidating the megaphone pattern.
2. Why is the Hyperliquid price crashing?
The HYPE token is plunging as the crypto market sell-off continue and as it loses market share to other tokens.
3. Is Hyperliquid perpetual DEX at risk of losing market share?
The network is losing market share to companies like Aster, Lighter, edgeX, and ApeX Protocol.
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