Best Crypto to Buy Today: Hyperliquid — Breakout After 40% Drawdown?
Hyperliquid (HYPE) is rebounding strongly after a 40% drop, fueled by solid technicals, record volumes, and whale accumulation. Traders eye a breakout toward $50, but watch key support at $40.
After plummeting roughly 40% from its December high, Hyperliquid (HYPE) has exploded back into the spotlight—up nearly 200% in the past two months and hitting a record $44.69 as of June 16.
With momentum building, the question today is: are we witnessing a genuine breakout or the top of a parabolic move?
Technical Rebound & Momentum
HYPE’s rebound is technically compelling. Having surged above critical resistance at $35.13–$36, it recently pierced patterns like bullish pennants and wedge formations—classic continuation signals.
Oscillators…
