As reported by CoinsProbe, Hyperliquid (HYPE) has fallen nearly 18% over the past week, currently testing critical support near $43.59. The token is forming an ascending broadening wedge pattern on the daily chart, with a potential rebound toward $56–58 if buyers defend the lower boundary. A breakdown below $43–44 could send HYPE toward $28–26, deepening the correction.
Hyperliquid (HYPE) Tests Key Support Amid Sharp 18% Weekly Drop

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