🚨 $HYPE Drops Nearly 8% Despite Hyperliquid’s Strong Q3 Results!
$HYPE is facing selling pressure today, trading around $67, down nearly 8% in 24 hours.
Interestingly, Hyperliquid reported strong Q3 results:
- $190.9 million in protocol revenue.
- Open interest reached $16.7 billion.
- Revenue increased 21.7% quarter over quarter.
Despite these strong numbers, market weakness and liquidation pressure are weighing on HYPE.
Key Levels to Watch:
- Support: $67–$68
- Recovery zone: $70–$75
To me, the bigger story is that Hyperliquid’s business numbers remain strong, but the market is not rewarding them yet. That gap deserves attention. I’d watch whether HYPE can reclaim the $68–$70 area and then $75 before calling a recovery. Until then, volatility and downside risk remain high for now.
$HYPE
What do you think? Can HYPE recover, or is more downside coming?
#HYPE #Hyperliquid #CryptoMarket #Altcoins
$HYPE is facing selling pressure today, trading around $67, down nearly 8% in 24 hours.
Interestingly, Hyperliquid reported strong Q3 results:
- $190.9 million in protocol revenue.
- Open interest reached $16.7 billion.
- Revenue increased 21.7% quarter over quarter.
Despite these strong numbers, market weakness and liquidation pressure are weighing on HYPE.
Key Levels to Watch:
- Support: $67–$68
- Recovery zone: $70–$75
To me, the bigger story is that Hyperliquid’s business numbers remain strong, but the market is not rewarding them yet. That gap deserves attention. I’d watch whether HYPE can reclaim the $68–$70 area and then $75 before calling a recovery. Until then, volatility and downside risk remain high for now.
$HYPE
What do you think? Can HYPE recover, or is more downside coming?
#HYPE #Hyperliquid #CryptoMarket #Altcoins
