HYPE Tests Key Support After 22% Pullback: Can Traders Retain the Rally?
Hyperliquid’s HYPE token is down 22% from its $75 all-time high, bringing its 2026 uptrend to a key test of support. Market participation has cooled across the derivatives markets, while the spot flows show early signs of stabilization after strong selling pressure in early June. The $50-$54 area now stands out as the most important…