HYPE on the Brink: Can Bulls Defend $49.5 or Drive Toward $56?

Hyperliquid (HYPE) is currently trading at $49.24, having dropped by 8.84% in the past 24 hours. The fall follows an increase in trading volume of 135.65% and now stands at $544.24 million. The price is decreasing, but the activity is accelerating. The rising participation and decreasing value are both indicators of uncertainty and intense pressure [……
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