HYPE Retests Breakdown Zone as Analysts Eye a Drop Toward $25

Hyperliquid’s HYPE token is entering a critical phase on the charts, with price action retesting a major breakdown area while momentum indicators show weakening confidence across the market. The token is currently trading at $34. 81, hovering just below its 50-day SMA at $39. 73 and sitting tight against the 200-day SMA at $36 source: https://www.ethnews.com/hype-retests-breakdown-zone-as-analysts-eye-a-drop-toward-25/